Is An Employee Paid in Cash Worth Going to Jail For?

Michael-GrimmHere is a recent story of a US Congressman who lost his seat and is going to jail for his employees. Here are the details that stand out:

The indictment accused him of underreporting more than $1 million in wages and receipts to evade payroll, income and sales taxes, partly by paying immigrant workers, some of them in the country illegally, in cash.

Sentencing was scheduled for June 8. Prosecutors said a range of 24 to 30 months in prison would be appropriate, while the defense estimated the appropriate sentence as between 12 and 18 months.”

Here is the rest of the story.

In my upcoming book focused on Small Business and Accounting, I explain how to avoid this.

 

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