A Florida roofing company last month offered yet another example of unsavory business practices. The owners pleaded guilty to fraud and tax evasion amounting to over 1 million dollars after a pattern of cashing homeowner checks by the millions at check-cashing companies. Then underreporting their earnings to avoid paying taxes.
This case underscores the importance of researching your roofing contractor and selecting a business with integrity. The criminal roofing company in this case had a historical pattern of bogus lawsuits against property insurance providers and numerous consumer complaints from customers to organizations like the Better Business Bureau (BBB).
The U.S. Department stated in a U.S. press release statement that the defendants “caused a tax loss to the IRS of $1.4 million.” The two owners could possibly face as many as five years in prison in addition to financial consequences of required restitution payments and penalty fines.
Unfortunately, this isn’t the only instance of fraud and tax evasion in the construction industry. There are good and bad actors in any field. That’s why it’s so important to do business with a trusted roofing contractor. Whether you need a brand new roof or your existing roof repaired, Nakoma Roofing and Construction has the professional licenses and experience (over 15 years) you need to guarantee a great outcome.