Thousands of employees are left without paychecks after MyPayrollHR, a cloud-based New York company, abruptly shut down this past week. The company allegedly vanished with almost $35 million in payroll funds from customers, effecting employees who received direct deposits. It is reported that not only payroll funds disappeared, but so did money belonging to employees. One MyPayrollHR client claims it is owed approximately $26 million.
MyPayrollHR sent an email to its 4000 clients stating it would be closing its doors and instructed to secure another payroll firm. Legal action is inevitable and clients are left scrambling to make sure that their employees have been made whole.
In the wake of this shocking news, how secure do you feel with your payroll company?
Rothrock Payroll has been in business for over 20 years. We pride ourselves on maintaining the highest ethical standards, trustworthiness and confidentiality.
Reliability - Rothrock's highly-trained and experienced staff uses state-of-the-art technology and systems that ensure your payroll is processed accurately and confidentially. The result is that your payroll is processed on-time every time.
Peace of Mind - Payroll-related audits are an expected part of business. While our competitors routinely refer you to your accountant, Rothrock actually represents you during any inquiries from federal, state or local governments. We have extensive experience in audit representation and tax negotiation, and have on-site CPAs to help defend you.
Cost Savings - Rothrock doesn't charge separately for deletions, reporting or W-2s. Your cost is based on the number of people getting paid plus any out-of-pocket expenses. Rothrock actively works to reduce your payroll expenses. We identify and recommend tax-advantaged methods of compensation, review unemployment rates, and actively assist our clients in controlling worker's compensation costs
Don’t leave your company or your employees open to risk. Contact us today for a review.
Rothrock Payroll Services is ready to help and guarantees a quick and easy transition.