PEO Fraud Is Bigger In Texas

Professional Employment Organizations (PEO) are a turnkey solution for many small businesses for payroll, workers’ compensation, health insurance and more. In this episode, Caleb and Greg discuss a story of PEOs not doing what they’re supposed to.

Show Notes

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*Caleb here: Neither Greg and I are from Texas and clearly neither of us looked at a map of Texas before we recorded this podcast. Then you look at a map, and San Antonio isn’t really in west Texas. It’s more like south-central Texas. Apologies to west Texas. Or maybe to San Antonio? Either way, no one there is paying state income tax.

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CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

EMAIL : [e-mail]


Sources :

Local employment firms accused in $66 million tax fraud [MySA]

Patrick Mire, 1/24/2011

Guilty plea in $70 million fraud case in S.A. [MySA]

Patrick Mire, 11/3/2011

Former executive indicted in $110 million tax fraud [MySA]

John Bean, 8/20/2012

Pircher guilty plea [DOJ]

11/21/2013

Kimes guilty plea [DOJ]

1/16/2014

Sentences for Bean, Mire, Solis, and Walker [DOJ] 

2/21/2014

San Antonio Businessmen Sentenced to Federal Prison for Fraud and Tax Scheme Involving More Than $130 Million in Real-Dollar Losses [FBI] Pircher and Kimes sentencing, 4/15/2014

Ringleaders of $133M fraud headed to prison [SAEN]

Professional Employer Organization: Wikipedia.org

Ringleader guilty in S.A.’s largest ever fraud case: MYSA

Are you personally liable for your company’s payroll taxes?: Friedman LLP

Can the IRS pierce the corporate veil?: Dale S. Goldberg, CPA

Criminal Tax Manual [DOJ]

Creators & Guests

Host

Caleb Newquist

Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.

Host

Greg Kyte, CPA

Mega-pastor of @comedychurch and the de facto worlds greatest accounting cartoonist.

What is Oh My Fraud?

"Oh My Fraud" is an irreverent podcast from CPA/comedian Greg Kyte and blogger/former CPA Caleb Newquist.

The two come together to unpack their favorite frauds and explore the circumstances, psychology, and interpersonal dynamics involved. They also fully indulge in victim-blaming the defrauded widows, orphans, infirm and feeble-minded—because who can resist?

If you fancy yourself a trusted advisor—or prefer your true crime with spreadsheets instead of corpses—listen to this show to learn what to watch out for to keep your clients, your firm, and even yourself safe.