Accounting firm's time and attendance calculations off, DOL finds

Accountants are crucial to businesses as a way to ensure the books are correct and in compliance with tax laws. They crunch numbers for companies and are particularly important come tax time, but one case involving a West Virginia accounting firm and the Department of Labor shows that they aren't necessarily flawless when it comes to time and attendance payments.

An investigation of Bluefield-based Raymond A. Froy Jr. CPA, PC revealed that the employee was not keeping the numbers in its own books straights, at least where payroll processing was concerned. The DOL's Wage and Hour Division found the firm was violating the Fair Labor Standards Act's (FLSA) minimum wage, recordkeeping and overtime provisions.

To make up for these violations, which allegedly caused six employees to lose out compensation they had rightfully earned, Raymond A. Froy Jr. CPA, PC has agreed to pay $11,003 in back wages in addition to $6,000 in liquidated damages. On top of the monetary settlement, the firm has also committed to bringing its payroll practices into compliance in the future to avoid violating the FLSA again.


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