It’s About Payroll By cover art

It’s About Payroll

By: Brian & Walter
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  • Summary

  • Brian Escobar and Walter William Duncan III are the hosts of It’s About Payroll. Collectively, they have over 4 decades of experience in the payroll industry. This podcast was created with the intent to share their knowledge and attracting new talent to the payroll industry. You can access their LinkedIn profiles. https://www.linkedin.com/mwlite/in/escobarbrian https://www.linkedin.com/mwlite/in/william-duncan-477051187
    Brian & Walter
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Episodes
  • Payroll Conversations with Melisa V - What are unsung hero's ?

    Payroll Conversations with Melisa V - What are unsung hero's ?
    Jun 17 2024

    | Pay News Updates! Walter https://federalnewsnetwork.com/veterans-affairs/2024/05/va-rule-change-could-mean-health-care-benefits-for-a-million-more-veterans/ The Department of Veterans Affairs has made a major change in the rules for veterans who left military service with other-than honorable discharges. It opens the possibility of healthcare coverage for those who may have been discharged for willful misconduct or even moral turpitude. For detail, the Federal Drive with Tom Temin spoke with Anthony Kuhn, managing partner of the law firm Tully Rinckey Brian NY Gov tries to increase NYC mobility Tax after congestion pricing was rejected. https://www.politico.com/news/2024/06/06/payroll-tax-hike-hochul-rejected-00162136 Effective July 1, 2024 a final rule that expands overtime protections for millions of the nation’s lower-paid salaried workers by increasing the salary thresholds required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on Jan. 1, 2025. This means that millions of additional workers will be required to track time and attendance. Whether they are new to time tracking or looking to make a change, TimeTrakGO provides a simply better solution that can have you up and running in a matter of minutes. If you follow the link in our episode notes, you also get your first month free. Don't miss out! To take advantage of this special offer, use the link in the show notes to start your 14-day trial in the month of June to qualify for your first month free. GO to www.timetrakGO.com that’s T-I-M-E-T-R-A-K-G-O .com or call 888-321-9922. Let’s GO! Link: https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24





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    51 mins
  • True Payroll Crime Stories

    True Payroll Crime Stories
    Jun 9 2024
    TALK ABOUT PAYROLL CONGRESS ! Pay News Updates! In a 2020 LinkedIn article, Rene Brofft, Owner of Paytech, discusses red flags in payroll processes that could indicate potential fraud. Brofft emphasizes the importance of recognizing these signs to prevent financial losses and reputational damage for businesses. By identifying suspicious activities early, companies can take proactive measures to investigate and mitigate potential risks.Key Points:Unusual Overtime Patterns: Significant fluctuations in overtime hours or sudden spikes in overtime expenses can signal fraudulent activities, such as falsified time records or unauthorized work.Frequent Manual Adjustments: Excessive manual adjustments to employee records, especially without proper documentation or approval, may indicate attempts to manipulate payroll data for fraudulent purposes.High Employee Turnover Rates: Rapid turnover rates or a disproportionate number of terminated employees in a short period could suggest payroll fraud, such as fictitious employees being added or terminated to divert funds.Unexplained Payroll Discrepancies: Discrepancies between expected and actual payroll expenses, including discrepancies in tax withholdings or benefit contributions, should be investigated promptly to identify potential fraud or errors.Employee Complaints or Whistleblower Reports: Complaints from employees regarding payroll inaccuracies or suspicions of fraudulent activities should not be dismissed and should prompt further investigation to address underlying issues.Prevention Measures:Implement robust internal controls and segregation of duties within the payroll process to prevent unauthorized access and manipulation of payroll data.Conduct regular audits and reviews of payroll records to detect anomalies and ensure compliance with company policies and regulatory requirements.Provide training and awareness programs for employees to recognize and report potential payroll fraud or irregularities.Establish channels for anonymous reporting of suspected fraudulent activities, encouraging whistleblowers to come forward without fear of retaliation.Utilize technology solutions, such as payroll software with built-in fraud detection features, to automate processes and enhance accuracy while reducing the risk of human error and manipulation.https://www.businesswire.com/news/home/20240529393008/en/Payroll-Sector-Benefiting-from-Technology-Led-Progression-Reveals-Annual-CloudPay-Payroll-Efficient-Index-ReportREAD FROM Top half of article. Effective July 1, 2024 a final rule that expands overtime protections for millions of the nation’s lower-paid salaried workers by increasing the salary thresholds required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on Jan. 1, 2025.This means that millions of additional workers will be required to track time and attendance. Whether they are new to time tracking or looking to make a change, TimeTrakGO provides a simply better solution that can have you up and running in a matter of minutes. If you follow the link in our episode notes, you also get your first month free.Don't miss out! To take advantage of this special offer, use the link in the show notes to start your 14-day trial in the month of June to qualify for your first month free.Link: https://www.timetrakgo.com/signmeup?utm_source=SMB24&utm_medium=IAP&utm_id=SBM24https://constructioncitizen.com/blog/shell-company-operators-sentenced-multi-million-dollar-wire-and-payroll-fraud-scheme/2311091Chief United States District Court Judge Timothy J. Corrigan sentenced two Honduran nationals, Omar Wilkin Santos-Calix and Oscar Rene Santos-Santos, to 24 months in federal prison for wire and tax fraud conspiracies. Santos-Calix must pay $3,245,161 in IRS restitution and $897,870 in a money judgment, while Santos-Santos owes $1,773,429 in IRS restitution and $490,634 in a money judgment. **Key Points:**- Santos-Calix and Santos-Santos established a fake construction company to perpetrate their scheme.- They acquired minimal workers' compensation insurance and "rented" it to work crews.- The duo cashed payroll checks issued by contractors, deducting a 6% fee before distributing cash to the crews, totaling approximately $19 million.- Neither the shell companies nor contractors reported wages to authorities or paid payroll taxes, resulting in a $5,018,590 tax liability.- The scheme evaded higher insurance costs by purchasing policies for $21,000 instead of the required $2.5 million.- Investigation and prosecution were conducted by Homeland Security Investigations (HSI), IRS-CI, and the Florida Department of Financial Services.**Prevention Measures:**- Implement thorough background checks on individuals involved in establishing businesses and issuing workers' compensation insurance.- Conduct ...
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    44 mins
  • Lost Tapes: Tax Anxiety

    Lost Tapes: Tax Anxiety
    Jun 3 2024

    Overcoming Tax Anxiety: Tips & Strategies | Safe Talk Episode 12

    In Episode 12 of Safe Talk, hosts dive deep into the widespread issue of tax anxiety as tax season approaches. They discuss the fear and stress related to tax complexity, mistakes, financial impact, time consumption, and privacy concerns. The episode highlights real-life challenges faced by individuals, especially self-employed and those with multiple income sources. With advice on early planning, budgeting, utilizing technology, and seeking professional guidance, the hosts aim to help listeners combat their tax-related anxieties. Sponsored by TimeTrak GO, this episode provides a safe space to deliberate and find solutions for tax preparation stress.

    00:00 Introduction to Tax Anxiety
    00:40 Welcome to Safe Talk Episode 12
    00:59 Discussing Tax Brackets and Inflation
    02:24 Why We Get Anxious About Taxes
    02:31 Sponsor Message: TimeTrak GO
    03:35 Complexity and Fear of Mistakes
    04:09 Financial Impact and Self-Employment
    05:57 Privacy and Security Concerns
    08:19 Past Experiences with Tax Preparers
    11:57 Tips to Combat Tax Anxiety
    15:49 The Value of Professional Tax Help
    17:33 Embracing Technology for Tax Filing
    19:36 Budgeting for Tax Liabilities
    21:13 Maximizing Deductions and Credits
    22:10 Practicing Self-Care During Tax Season
    23:12 Communicating with Employers About Taxes
    25:39 Key Takeaways and Final Thoughts
    31:08 Upcoming Topics and Season Preview
    32:06 Closing Remarks and Community Engagement
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    33 mins
Economics
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