Recently we are seeing a significant increase in the number of audits of small businesses being conducted by the New Jersey Department of Labor (DOL). Facing a DOL audit can be daunting, but being prepared and knowing how to handle it can help you minimize the risk of fines and penalties. Here are five tips for dealing with a DOL audit.
1. Review Your Documentation
Make sure to review all your documentation, including employee files, payroll records, and other documents requested by the DOL. Having all necessary paperwork ready can demonstrate your commitment to compliance and create goodwill with the auditor.
2. Designate a Point of Contact
Designating a point of contact to act as a liaison between your business and the auditor can help ensure that the audit runs smoothly. The contact person should have a solid understanding of your company’s policies and procedures and be able to answer any questions the auditor may have.
3. Be Honest and Transparent
Honesty is important when it comes to a DOL audit. Be transparent with the auditor and provide accurate information. Address any issues or areas of concern upfront to build trust and potentially achieve a more favorable outcome.
4. Know Your Rights
As a business owner, you have certain rights during a DOL audit, such as the right to review and copy records and the right to appeal any findings. Knowing your rights, and exercising them, if necessary and appropriate, can help protect your business.
5. Seek Legal Help
Consider hiring an attorney who is familiar with employment laws and experienced with DOL audits to help guide you through the audit process. An attorney can provide legal advice, represent you if necessary, and help you navigate the complexities of employment laws.
Being prepared and knowing how to handle a DOL audit can help you minimize the risk of fines and penalties and demonstrate to the DOL your commitment to compliance. By following these tips, you can navigate the audit process with more ease and potentially achieve a more favorable outcome. Remember, seeking legal help is always an option that should be considered and can be beneficial in dealing with a DOL audit.
If your business is facing and needs help with DOL audit, please schedule a complimentary consultation with us through our online scheduling system.
Information contained in this blog is provided for informational purposes and does not constitute legal advice or opinion. You should consult with an attorney regarding the specifics of your matter or legal issue.