Items Tagged with 'taxes'

An update on a story initially reported last fall: the owner of a Florida roofing company and his office manager have been sentenced to prison for a $2.5 million tax fraud scheme that involved making off-the-books payments to employees to evade employment taxes.

In this latest "Best of Success" podcast, Legal Insights columnist Trent Cotney analyzes the effects of the new Trump-era tariffs on Canadian, Mexican, and Chinese imports, warning roofing contractors about rising material costs. He also discusses the labor shortage caused by stricter immigration policies.

President Trump made good on his promise to enact 25% tariff on imports from Canada and Mexico, and a 10% additional tariff on Chinese goods effective March 5, shaking markets and raising costs for industries. Some roofing contractors and distributors are already adjusting prices.

President Trump’s executive orders on tariffs, regulation, funding, labor and taxes could reshape the construction industry. Uncertainty surrounds the near term, with supply chain and workforce challenges at the forefront, but new opportunities may lie ahead.

A Boston contractor was sentenced to 18 months for evading $2.8M in taxes by misclassifying workers, orchestrating a payroll fraud scheme, and lying to investigators.

Nastar Roofing owner William Skaggs and payroll administrator Billie Adkison admitted to a $2.5 million employment tax fraud scheme, paying employees in cash but failing to withhold taxes or report that income to the IRS. 

Last week, the National Roofing Contractors Association convened its annual "Roofing Day" in Washington, D.C., uniting industry stakeholders for advocacy. With record-breaking attendance and meetings, the focus was on pressing policies impacting the $50.6 billion domestic roofing market.