CFO View of I9 Solutions
In recent years, US Immigration and Customs Enforcement and the Department of Homeland Security have made I-9 compliance a top priority. As an executive, you need to be aware of how this can effect your bottom line. An I-9 solution that that satisfies agency requirements is crucial.
Many employers aren’t even aware they may be out of compliance. An audit can come at any time with big consequences. For example, in 2018 ICE delivered more than 5,000 notices of audit to businesses in the US. Over $7 million in civil fines were levied in 2017 alone. If errors are found during an audit, the fines can be devastating. Depending on the infraction, a business could face millions in penalties. These fines are often made public, and could result in negative attention and potential legal fees. If key internal resources are reallocated for an audit, business operations can be negatively impacted.
Shrewd CFOs are looking for a complete compliance solution. A DoxTek solution provides peace of mind to our clients by helping reduce overall costs and providing a quick return on your investment.
Need more information? Spend some time with this free webinar to discover the basics of how we can help you manage your I9 challenges.