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Corporate Tax Fraud Causes Billions in Fines for Business Owners

Recent Court Documents accuse Automatic Data Processing (ADP) of forging Department of Revenue tax documents, social security numbers and Pension Fraud. The accusations and claims come from one of their top Sales Reps.Schwartz who broke numerous National Records at ADP, alleges ADP Reps are taught by their direct leaders how to fill out and sign Department of Revenue State Unemployment Applications on behalf of their clients.  ADP has over 600,000 small business clients and pays 1 in 6 Americans.

State Re-Employment Tax Fraud

Currently I work in the Financial and Real Estate Industry.  Recently I met a lady who had a very interesting thing happen to her.  Which sheds light on how people are affected by ADP’s Forging of Social Security Numbers. Gabriella who is my partners client divulged a very interesting story.

She has lived in Miami her whole life. She is a single mother of three children and also is on disability. She receives child support and benefits for both her and her children. One of her children is ill so she receives extra disability assistance.

ADP violations

Who and what is ADP?ADP (company) Automatic Data Processing, Inc., commonly known as ADP, is an American provider of human resources management software and services. As of 2010, ADP was one of four American companies to have a AAA credit rating from Standard & Poor’s (S&P) and Moody’s.

How does ADP make their money?

We pay roughly 1-6 working Americans. That’s over 26,000,000.

ADP makes money by holding the employer and employee taxes.

ADP Rewrites Payroll, Everything!

Thanks to my friendship with ADP’s first female vice president, Zena Brand, I have followed the company’s fortunes for 27 years. Longer than anyone who has worked there, I thought. So I was actually disappointed recently to learn that Ed Flynn, now president of global enterprise solutions, has an actual tenure that’s two years longer.

ADP W-2 Breach a Perfect Example of ‘FlowJacking’

HR giant ADP, which provides payroll, tax and benefits administration for more than 640,000 companies, was hit hard by identity thieves this week. The perps made off with tax and salary data, according to a report from Brian Krebs—although the actual number of people affected has yet to be revealed.

How to Communicate the Value of Security Management to the Board

Before the threat of a cyberattack became a top concern for business leaders and board members alike, finance played a limited role in security management. Today, finance leaders increasingly find themselves part of the team responsible for developing and implementing their employers cybersecurity strategy. So why the change? Why do finance leaders now play such an important role in protecting organizations from the never-ending, and increasingly damaging stream of cyberattacks?

W-2 Phishing Scams Increasingly Target Payroll Personnel

The W-2 phishing scam often targets payroll and HR professionals. Learn how to prevent it and what to do if your data is compromised.Often appearing to be from a corporate executive, it begins with a friendly “Are you working today?” email. But the W-2 phishing scam quickly escalates to a request for W-2 information.

Ready for Cybersecurity Awareness Month? Get Ahead With Our Top Five Tips

October is cybersecurity awareness month — and while organizations can never drop the ball on securing corporate networks, the end of summer is a great time to pause, take a deep breath and take a hard look at security processes currently in place. Is your business doing enough? Where can finance leaders improve? How can your organization stay ahead of threats?

Do You Have a Sexual Harassment Complaint Procedure in Place?

No business is invulnerable where sexual harassment in the workplace is concerned. Does your small business need a sexual harassment complaint procedure?No business is invulnerable where sexual harassment in the workplace is concerned. Federal, as well as state and local laws prohibit workplace harassment. However, some laws apply to employers who meet certain employee thresholds.