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The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary. The scam reportedly lasted about five years, and the former bookkeeper has now been charged with felony theft.

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Some states require employers to pay additional payroll taxes. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages. Many companies also register with a payroll service, so they don’t have to worry about each state’s tax rates. In all but three states, only employers contribute to SUI.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Wade is accused of failing to perform the work he’d been paid for by multiple clients, which included bookkeeping, tax preparation and filing, payroll work, and more, according to police. Fike, of Winchester, did bookkeeping work for J.M. and her family. lived in Lexington at the time but later moved to South Carolina.

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