Patriot PAY, the online payroll software for American small businesses, is now available in the state of Mississippi.

Patriot PAY payroll software is designed to be easy, with guaranteed accuracy of all payroll tax calculations. Mississippi customers can run payroll quickly and efficiently with built-in help and access to support. Patriot PAY starts at just $10 for month-to-month software access.

Patriot PAY customers can also opt for TaxBeGone, a payroll tax filing and depositing service. The optional TaxBeGone service takes the worry out of payroll taxes, collecting, depositing, and filing all payroll taxes set up in Patriot PAY.

To find out more about Patriot PAY and TaxBeGone: View our video demos, and find out how easy it is to run payroll with Patriot PAY. You can also sign up for a guided demo to walk through our payroll software. We will set up and run a sample payroll with you and answer all your questions.

Source:http://www.tmcnet.com/usubmit/2011/11/04/5907068.htm

Six people from Colorado Springs were found guilty today of hiring 42 staffing companies from across Colorado to test software for law enforcement, then sticking the companies, collectively, for more than $5.1 million in unpaid bills.

David A. Banks, Demetrius K. Harper, Gary L. Walker, Clinton A. Stewart, David A. Zirpolo and Kendrick Barnes were ordered into custody pending their February sentencing.

They each face up to 20 years in federal prison, plus financial penalties, according to the U.S. Attorney’s Office in Denver.

They were convicted of various fraud and conspiracy charges after a three-week trial. All six represented themselves in the trial.

Using companies known as Leading Team Inc., IRP Solutions Corp. and DKH LLC, they hired one company after another to test the law-enforcement software, failed to pay each company, then moved on to another, prosecutors said.

They had no business revenue to pay the charges they racked up between 2002 and 2005, prosecutors said. The group was indicted by a federal grand jury in Denver in 2009.

“In many cases, one or more of the defendants themselves reported time to and were paid by a staffing company, while one or more of the other defendants approved the reported time,” prosecutors stated in a media release.

They also were accused of falsifying timecards to get paid for work that wasn’t done, prosecutors said.

“Today’s verdicts are a significant step toward bringing these six individuals to justice after they defrauded dozens of companies and individuals out of millions of dollars,” stated FBI-Denver Special Agent in Charge James Yacone.

Source:http://www.denverpost.com/breakingnews/ci_19158129

IBISWorld estimates that revenue from the HR and Payroll Software industry will grow 2.2 percent annually to $3.2 billion in the five years to 2011. The industry has recently benefited from increased private investment in software and the need for businesses to cut costs as a result of the recession. More companies are now performing back-office duties in-house, including outsourced HR and payroll services. While more businesses are expected to use HR and payroll outsourcing in 2011 as corporate profit rises, the small business market will help ensure continued growth during the year. IBISWorld anticipates that industry revenue will increase 1.1 percent in 2011.
The HR and Payroll Software industry generates revenue through the sale of new software, software license updates and subscription fees for online applications. Businesses use the software to automate administrative processes, while reducing the risk of litigation and other compliance issues. Companies also use the software to control labor costs, minimize risk and manage personnel.

Despite overall growth, the industry has consolidated, which is a common trend across the entire software publishing sector. With average profit margins of 20 percent, large software companies like Intuit inc., Microsoft Corporation and Oracle, who dominate the market, will rely on acquisitions to fine-tune their product portfolios. Software companies have increasingly acquired smaller, niche firms to fill in gaps in their product portfolio. IBISWorld estimates that the number of industry establishments has fallen by 2.9 percent annually to 106 in the five years to 2011.

In the five years to 2016, revenue for the HR and Payroll Software industry is forecast to increase 5.0 percent annually to $4.0 billion, according to IBISWorld. The industry will benefit from increasing private investment in computers and software and the further adoption of the software as a service (SaaS) business model. In this model, providers license their applications to customers for use as a service on demand. Some companies will return to outsourced HR and payroll providers as corporate profit increases. Nevertheless, a rise in the volume of administrative work, necessitated by improvements in the labor market, will increase industry demand over the next five years.

Source:http://www.prweb.com/releases/2011/9/prweb8831042.htm