Languages

You are here

Payroll Fraud: Contractors Can Make a Difference

Description

Honest contractors are being fleeced by cheating contractors who commit payroll fraud. Cheating contractors save up to 30% in labor costs by using illegal labor practices, and that creates an unfair advantage, allowing them to submit lower bids and steal jobs from you.

Cheating contractors also cheat…
…the government by not paying taxes. That’s billions in tax revenue lost every year, leading to less work and higher taxes for you.
…the customer. Reputations can be destroyed if illegal or corrupt contractors are linked to their project.
…the worker. Off-the-books workers are denied basic safety net protections, earn less than what they’re worth and are often forced to work in unsafe conditions.
…the community. These cheaters still use healthcare, schooling, roads, and government aid services, courtesy of taxpayers and law-abiding employers. And that leads to high insurance rates and healthcare costs.
…the industry. The integrity of the industry has become so poor that it is more difficult to recruit and retain skilled craftspeople.

Corrupt contractors commit payroll fraud by intentionally and falsely misclassifying employees as independent subcontractors, or, more often, by paying workers off-the-books. Doing so enables cheaters to not pay what federal and state laws require, such as Social Security and Medicare taxes, state and federal unemployment contributions, overtime, or workers’ compensation premiums. Frequently, those corrupt contractors use law-breaking labor brokers to try to shield themselves from accountability.

Learn more at payrollfraud.net

Additional Information

Career
IKORCC
Tax Fraud
UBC

Related Projects

2016 Open House and Apprenticeship Competition

The IKORCC had it's 2016 Open House's throughout our three-state region.

Watch Video

Apprenticeship and Training

Across America, the UBC spends over $200 million on training - with more than 200 training facilities and over 2500 full-time, dedicated instructor

Watch Video

UBC Productivity And Competitiveness

Our success depends on UBC members who are productive and contractors who are competitive. And we’re leading the way

Watch Video

Training and Education Within the IKORCC

Mike Kwiatkowski and Eric Yuhasz from the Indiana/Kentucky/Ohio Regional C

Watch Video

2015 Open House and Apprenticeship Competition

Every year we welcome students, elected officials, contractors and many more to tour our expansive facilities.

Watch Video

Career Connections

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed viverra diam ac orci aliquam suscipit.

Watch Video