Siharath Panyanouvong, a Massachusetts-based manager of temp staffing agency Viscosity Inc., is facing federal tax charges for allegedly concealing over $3.5 million in business income from the IRS between 2017 and 2019. This case underscores the IRS's increasing focus on payroll tax fraud, particularly within industries like staffing agencies, where cash payroll schemes are prevalent and could potentially lead to large tax gaps.
A cash register rarely tells the whole story. In many small businesses, especially those that run on quick payments and tight margins, the real story sits behind the books. Sometimes it shows up as messy accounting. Sometimes it shows up as something much...
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