Confirming employee information to lenders

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  • wynn
    Diamond Member

    • Oct 2006
    • 3338
    #16
    Is there still a huge fine or jail as punishment if you fail to submit a payment of a garnishee?
    I don't mean refusing to comply, but if for some reason you omit a payment or two?
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      • BusFact
        Gold Member

        • Jun 2010
        • 843
        #17
        Originally posted by Dave A
        How are you paying them?
        Weekly, bi-weekly, monthly salary?
        Cash or into a bank account?

        I only have one abject failure - ironically one of the highest paid members of staff
        Its funny you say that. Some of my worst cases of always asking for loans are my highest paid guys.

        I have a 50-50 split in staff in terms of monthly and weekly payments.
        Almost all the time its an EFT. I'm just not interested in handling cash.

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          • BusFact
            Gold Member

            • Jun 2010
            • 843
            #18
            Originally posted by wynn
            Is there still a huge fine or jail as punishment if you fail to submit a payment of a garnishee?
            I don't mean refusing to comply, but if for some reason you omit a payment or two?
            I haven't heard of anything like that before. My understanding is that the debt (the unpaid garnishee amounts) simply becomes that of the employer and so they then get lumped with the letters of demand, interest fees, penalty fees, legal fees .... etc.

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              • Justloadit
                Diamond Member

                • Nov 2010
                • 3518
                #19
                You are entitled to charge your employee service fees to service the garnishee, as this is a pain in the but, especially if you are a SME, but you do not want to burden the employee any further than what is necessary.
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                  • Dave A
                    Site Caretaker

                    • May 2006
                    • 22807
                    #20
                    Originally posted by wynn
                    Is that you or the wife?????
                    Neither
                    We're actually both pretty thrifty. Comes from our rather broke patch - neither of us want to go through that again

                    Originally posted by wynn
                    Is there still a huge fine or jail as punishment if you fail to submit a payment of a garnishee?
                    It'd be contempt of court, surely

                    And if you deducted from the employeee and failed to pay over, fraud
                    Participation is voluntary.

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