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An Uncomfortable Question, But I Have to Ask it.....Techs are Paid, "Off the Books?"

Joe Marconi

By Joe Marconi
in Human Resources, Employees

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  • Joe Marconi changed the title to An Uncomfortable Question, But I Have to Ask it.....Techs are Paid, "Off the Books?"
weighit Enthusiast

weighit

Posted
Posted

All that can so is come back and bite you hard. If that guy was to ever need to collect workmans comp for an injury, guess who he tosses under the bus trying to get his full money.  I gave cash bonus money for Christmas but all paychecks and hours worked was by the book, and checks. issued.

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weighit Enthusiast

weighit

Posted
Posted

One of my guys when I owned a body shop did side work for cash doing roofing for a friend of his. I get a call on a Saturday from him in the hospital, he fell off the roof. Wanted to have me tell the workmans comp and insurance that he was working for me in the shop and tripped and fell. He broke bones in his neck, and was going to be out of work for a while. Are you kidding? No way, working for cash has drawbacks and this is just one of them. Some folks can get away with under the table, but when it crashes, it can hurt in more ways than one. 

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Hands On Community Regular

Hands On

Posted
Posted (edited)

I never felt it was worth it. I did not want to lose all I have built over some tax cheating. There was a fellow one town over from me that started at the exact same time I did. The last I heard he was shut down and kicked out and owed the IRS over 60k in 941 taxes. I am still going strong.

Edited by Hands On
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TheTrustedMechanic Community Regular

TheTrustedMechanic

Posted
Posted
On 9/21/2023 at 9:57 AM, Transmission Repair said:

Also, don't forget about Social Security.  People who get paid "under the table" are unknowingly clipping themselves out of a lot of S.S. pay later in life.  Earlier in my career, I worked for a family who would pay us by check but insisted we cash the paychecks with them.  They had a safe in their back office full of cash.

They also had a construction company in Chicago that I now suspect took in a lot of cash, but who knows?  Now that I'm collecting S.S., I've come to realize they weren't reporting my income on the 941.  Thanks to those clowns, I'm now collecting much less S.S. than I should be because they weren't reporting my income.

I came to learn that not reporting all income comes back to haunt a person much later in their life.

Not to mention if they want to get a bank loan or a credit card or anything that might depend on their "income." Sure, it might feel nice to have that "extra cash," but anyone who wants to or is willing to work "under the table, " or "off the books" is really cheating themselves, including shop owners who skim the cash payments and only report what has a paper trial, ie checks and credit card receipts. I mean, cash payments aren't that big of a piece of the pie, are they? So, what's the big deal if I take the cash from quick jobs, it's not hurting anyone is it? (For the record, all italics are meant SARCASTICALLY and I am in no way advocating it.)

 

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