Broker sentenced for tax evasion

Author:
Updated:
Original:

Washington-based yacht broker Ronald J. Sperry was sentenced to four years in jail for failing to pay state sales taxes collected at his dealership.

According to the Puget Sound Business Journal, Sperry operated Everett Yacht Sales and Hanan Yachts and, according to the government, he owed nearly $1 million in state business and occupation taxes. The government also claimed Sperry underreported his commissions on yacht sales in order to lower taxes.

Click here for the full story.

Related

Public Company News

Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”

Crisis Management

There are several resources that can help businesses during the pandemic, from avoiding scammers to applying for the Paycheck Protection Program to reducing stress with Keep America Fishing.

Quick Hits: April 1, 2020

Fairline scales back operations due to COVID-19 pandemic. NMMA Webinar: How the Stimulus Package Helps Boating Industry Businesses. Dates for 50th annual Newport International Boat Show announced. 2020 USCG Regulations for Recreational Boats Book now available.