Business
GPB Capital Lawsuit Filed By Investment Fraud Attorneys To Recover Losses
The media outlets on June 21, 2019, reported that GPB Capital declared that the GPB Capital share prices plummeted by 73%. This news is distressing for several GPB Capital fund investors as it has been reported that 2 of the biggest GPB investment funds suffered a significant loss in their value.
In spite of several reports from various sources, the investment financial advisors and brokerage companies, who received more than $100 million in the form of commissions by promoting GPB Capital, continued to tell their clients that the funds are still at their original price value. They are also continued recommending people to ignore the news and keep holding on to their investments.
The lawyers of www.InvestmentFraudLawyers.com (Haselkorn & Thibaut, P.A.) have filled several GPB Capital lawsuits for investors and are investigating the actions of investments financial advisors and brokerage companies who kept on suggesting these funds to their customers as well as the issues associated with GPB Capital. There is a limited time for fund investors for recovering their money, so if they are interested in getting a free consultation for their case, then they should call 1-888-628-5590.
For several months, numerous GPB Capital fund investors ignored the negative news and continued sitting on the sidelines as they kept on receiving mail regarding their monthly account statements where the funds reflected the original price value of the investment. Nevertheless, investment financial advisors and brokerage companies were well aware that the said values were inaccurate, yet they ignored these facts and left their client to fend for themselves.
With a significant drop in the value of GPB Automotive Portfolio and GPB Holdings II which are the most significant investment funds of GPB, people are now left thinking regarding what they need to do for recovering their damages. There are other investments too that may be affected by this decline in the value and these investments are GPB NYC Development, GPB Cold Storage, GPB Waste Management Fund, and GPB Holdings I. many clients might get a shock when they will get their monthly statement next time as it might be indicative of this fall in prices.
It was claimed on June 21, 2019, that the values of 2018 year-end are indicating significant losses for fund investors, and remember GPB Capital has not yet exposed the current and accurate value of its funds for 2019. Bearing in mind the declaration and the continued bad reports in 2018 regarding GPB Capital, it is highly expected that there is no chance of improvement in the present values of the funds.
GPB Capital suspended redemption in 2018 to allegedly concentrate on financial as well as accounting reporting issues. Later, it was revealed that GPB auditors resigned and the explanation given for it was perplexing as it was due to supposed risks. Numerous media outlets also informed that authorities and regulators such as FINRA, SEC and FBI had begun their investigations on GPB Capital and an unexpected raid was conducted in its office in New York to collect evidence. Amongst all these disputes, a rumor became prevalent that claimed GPB Capital to be a Ponzi scheme.
Why and how do so many people own so much GPB? The reason behind this is the greed of the investment financial advisors who promoted GPB investment funds to gullible people for getting 8% commissions from these purchases. It is claimed that the brokerage firms, as well as investment financial advisors, earned more than $100 million by suggesting and selling these investments to their clients. As a result of their greed, GPB Capital gained approximately $1.8 billion via these investments.
With approximately 60 brokerage companies including popular names like Woodbury Financial, Advisor Group, FSC Securities, Dawson James, and Sagepoint Financial and numerous investment financial advisors promoting and selling GPB funds over the past several years, the end result could be a huge damage for investors countrywide.
Investors affected by GPB Capital should plan to get a private and free review of their case from experienced lawyers to get an idea of available options should call 1-888-628-5590 to review their case and recover losses.
Business
Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It
Byline: Shem Albert
Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.
Provincial Rules Add Complexity
Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.
Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.
Unified Records Improve Accuracy
Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.
Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.
Automation Keeps Provinces in Step
Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.
Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.
Reporting Strengthens Compliance
Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.
Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.
Scalable Payroll for Expanding Businesses
Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.
Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.
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