Associated Press (02/20/12)
An analysis of about 800 audits completed by U.S. Immigration and Customs Enforcement since October 2010 by the Houston Chronicle found that the agency imposed $1.8 million in fines. Around 50% of the 117 companies were penalized for errors in employment verification paperwork, not for hiring illegal immigrants. These paperwork errors account for about 33% of fines.
Small businesses complain that the audits are a “money grab,” but ICE says the bookkeeping fines are part of a strategy to ensure compliance with the law and deter companies from hiring illegal workers. According to ICE, many businesses do not complete I-9 Forms or retain copies of Social Security cards and other documents, making it hard to prove whether illegal immigrants were hired.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.