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Staten Islanders Who Owned Flooring Company Accused of Tax Fraud

Between 2005 and 2008, a Brooklyn flooring company owned by two Staten Islanders paid more than $91,000 in federal Social Security and Medicare taxes.

But that figure was hardly enough, federal prosecutors allege. Richard D'Onofrio and Mark Taliercio should have forked over another $600,000, contend prosecutors.

The pair was recently indicted on federal charges of fraud conspiracy, and multiple counts of making false tax-return statements and failure to pay Federal Insurance Contributions Act (FICA) taxes, court records show. Read the full story at www.silive.com.
 

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Flooring News

Catalina Research's Stuart Hirschhorn Looks at the 1st Quarter - Part 2

Catalina Research's Stuart Hirschhorn Looks at the 1st Quarter - Part 2
Stuart Hirschhorn, research director, Catalina Research, looks back at the first quarter in the overall economy and the floor covering industry discussing the reasons for the sub-par growth. Hirschhorn discusses the U.S. consumer and the changes brought about by the millennials entering the marketplace and boomers retiring.

Posted: April 21, 2015

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