Posted by
Message
TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
51201 posts

Cloud Payroll Service goes out of business, steals money from customers on the way out
We've talked about smart home devices getting bricked by the manufacturer going out of business. Here people are getting paychecks stolen from them. It really is hard to trust a cloud service that doesn't have major backing these days.

quote:

The problems created by the closing of MyPayrollHR may take a long time to resolve. The FBI has been contacted and lawsuits are expected. Employers are trying to clean up the mess.

...last Thursday began like any other day -- until an employee called. The employee's deposited pay had been withdrawn from her account. The same was true for all seven of the organization's employees.

...Agape Animal Rescue wasn't alone in its experience. Not long after Willis spoke with MyPayrollHR, the Clifton Park NY-based firm said it was closing "due to unforeseen circumstances." The firm had some 4,000 customers, mostly SMB-sized businesses. The total payroll involved was about $26 million. That money is gone and there is no explanation for it. It's unclear how many workers saw reversals in their personal bank accounts.

LINK


efrad
New Orleans Saints Fan
New Orleans
Member since Nov 2007
13379 posts

re: Cloud Payroll Service goes out of business, steals money from customers on the way out
Jesus Christ, that's so fricked up.


Replies (0)
Replies (0)
120
LSU316
Houston Astros Fan
Rice and Easy Baby!!!
Member since Nov 2007
19968 posts

re: Cloud Payroll Service goes out of business, steals money from customers on the way out
And that boys and girls is why you shouldn't use a mom and pop shop to run payroll....sure ADP, PeopleSoft, and Workday cost more....but you don't have to worry about this.


Replies (0)
Replies (0)
40
Sidicous
LSU Fan
Middle of Nowhere
Member since Aug 2015
8617 posts

re: Cloud Payroll Service goes out of business, steals money from customers on the way out
That was the company the now defunct small chain of boutique day surgery centers I worked for used! This time, it really could have been me!


dakarx
Army Fan
Member since Sep 2018
643 posts
 Online 

re: Cloud Payroll Service goes out of business, steals money from customers on the way out
Missing paychecks is likely just the start of the headaches... these companies are also responsible for cutting W-2s each year. Imagine the headache of trying to piece all that mess together for tax season when the company is gone or assets and everything frozen as they are tied up in legal proceedings


Sidicous
LSU Fan
Middle of Nowhere
Member since Aug 2015
8617 posts

re: Cloud Payroll Service goes out of business, steals money from customers on the way out
quote:

Missing paychecks is likely just the start of the headaches... these companies are also responsible for cutting W-2s each year. Imagine the headache of trying to piece all that mess together for tax season when the company is gone or assets and everything frozen as they are tied up in legal proceedings
Yep, IRS is gonna make the FBI look like fools...oh wait, FBI has already done that to themselves. Anyway, the IRS wants your money, and they will get it, and they don't care about concepts such as "who's at fault" or "intent" either.


Replies (0)
Replies (0)
30
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram