New York based MyPayrollHR has been accused of diverting small business employee direct deposits into its own bank account, reports Fox News.

The FBI and the New York State Department of Labor confirmed this week they are investigating allegations that a widely-used payroll company diverted nearly $35 million in employee pay to its own bank account before abruptly closing up shop, leaving more than 250,000 employees across the country without paychecks.

Surf Accounts is a cloud-based bookkeeping solution built by CPAs and bookkeepers to automate 90 percent of their bookkeeping tasks. The subscription-based platform (as low as $5.95 a month) offers a wide range of features as standard including unlimited transactions, Bank Statement OCR, 1099s, Inventory, CRM & much more. Surf Accounts recently opened offices in both New York and Los Angeles and will be exhibiting at Accountex 2019 to officially launch into the U.S. market. The solution will help CPAs and bookkeepers experience the same benefits that has seen firms in Ireland and the UK thrive with the adoption of Surf Accounts.

A cyber attack can cripple a small business, which is why they need to take steps to protect themselves, reports Tech Republic. 

Cybersecurity attacks can cripple small businesses that aren't prepared.

According to CNN Business, the National Retail Federation is predicting that increased tariffs will directly impact small businesses.

The ongoing trade war between the United States and China has put many of America's small business owners on edge.

Some entrepreneurs say each new round of tariffs imposed in the growing feud makes it even more difficult to manage their businesses and their relationships with customers.