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Be. a lot of the companies that we ber viewed said they ended up going with l.a. payroll because they wanted special attention and l.a. payroll was a small business, they get more taens than with a large payroll service that works with big customers. is that a bad decision where you re giving up so much information and so much money? hard to say, if you deal with a largenty, for example, you re more likely to have check ks and balances and controls in place, but i get it. as a small business, you want to work with somebody who is more personal. you want to have that face-to-face time. it just means that if you re going to do that, you need to be more cautious. you need to ask more questions. in the case, for example, of l.a. payroll, they changed ownership a couple years back. did they notify did everybody that was using their services were they notified. if not, if i were a small business and dealing with that company because i wanted the personal attention and their ownership c ....
Everything was not okay. it was actually christmas eve. and i got a call from my agent at l.a. payroll. at first i didn t understand what she was saying. i received this letter, is this a typo? is this a mistake. ? are you saying that all my deposits from july to present have disappeared? she said yes. my first thought was this can t be. this is not a mistake. this is bigger than a mistake. we think something bad has been in process. today the l.a. payroll offices are vacant. the owner is missing. and former employees did not return our phone calls and e-mails. by the time the irs notified us, we almost lost half a year s worth of payroll tax. according to these and other former clients we contacted for this story, there were about 150 small businesses in the los angeles area who together have a total of about 3 to $4 million missing from their payroll accounts, stolen, they believe, by the owner of the company who ....
We interviewed said that they ended up going with l.a. payroll because they wanted special attention, right? and l.a. payroll was a small business. they d get more attention than they would with a large payroll service that works with big customers. is that a bad decision in cases like this? where you re giving up so much sensitive information? and so much money? it s really hard to say. obviously if you deal with a larger entity, a larger third party payroll processing for example you re more likely to have checks and balances and controls in place. but i get it. as a small business you want to work with somebody that s more personal. you want to have that face-to-face time. it just means that if you re going to do that, you need to be more cautious. you need to ask more questions. in the case for example of l.a. payroll, they changed ownership a couple years back. did they notify, did everybody who was using their services, were they notified? and if not, and i was a small business ....
it was actually christmas eve, and i got a call from my agent at l.a. payroll, and at first i didn t understand what she was saying. i received this letter. is this a typo, is this a mistake? are you saying that all my deposits from july to present have disappeared? and she said, yes. and my first thought was, this can t be. but this is not a mistake, this is bigger than a mistake. and we think something bad has been in process. today the l.a. payroll offices are vacant. the owner is missing. and former employees did not return our phone calls and e-mails. by the time the irs notified us, we had almost lost a half a year s worth of payroll tax. according to these, and other former clients we contacted for this story, there were about 150 small businesses in the los angeles area who to the had a total of about $3 million to $4 million missing from their payroll accounts. stolen, they believe, by the owner of the company who is ....
From the only example of its kind. according to a 2012 congressional report, over a period of five years, at least 24 payroll service providers nationwide have collected and not paid more than $300 million in employment taxes, using similar schemes. last year, that was enough to get the attention of maryland senator barbara mikulski. that s when she held hearings to find out how to protect small business owners who ve been victimized by companies like l.a. payroll. they disappeared, and the money that these businesses, like the brewery and others, paid in, thinking that they had paid their taxes, also disappeared. until congress figures things out, what can you do to protect yourself? well, if you re using a payroll company, definitely find out if they re bonded. you may also want to find out if the company you re working with is shoorned. ....