One of the questions I've received from a number of people regarding the absolute mess our payroll company closing has created is: What about Sarbanes-Oxley?
Unfortunately, thanks to folks like our Representative Scott Garrett misrepresenting the scope of SOX, people believe it covers all businesses. The truth of the matter is that it only applies to the publicly traded ones. That's why when Garrett says he's fighting for small business, the vote against 10 years of tax cuts for small business has more of an impact on people's real lives than SOX ever would.
At this point, the apparent greed of two individuals has significantly disrupted the lives of over well over 20,000 people, as well as put other longstanding companies at significant risk. My hope, for the sake of the nation, is that there won't be any more stories like this.
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