Certified Payroll in Construction

Federally-funded construction projects are attractive — offering appealing benefits like long-term employment, flexible work, good income, timely payments and stable contracts. Not to mention lots of opportunities for profit — in 2020 alone the United States government invested over $665 billion in contractual construction services and supplies.1 But not every contactor is rushing to bid on government work. Why? Federal …

Mitigating the Risks of Outsourcing Construction Payroll

To have employees is to have payroll and running any type of payroll — especially in the construction industry — comes with pain points. Operating construction payroll internally can be complicated, time-consuming and costly. Then there’s the necessary compliance requirements to manage and all of the legal ramifications that come with any incorrect tax reports. Outsourcing construction payroll has become …

Did You Know Payroll4Construction Integrates with EPRLive?

Simplify EPRLive Reporting with a Payroll Integration There’s no way around it, payroll and remittance processing — especially for union contractors — can be complicated. From benefits offered to hours spent on the job, there are a lot of moving parts that contractors need to account for when submitting compliance reports. It’s an intricate process that takes time and careful …

The Definitive Construction Payroll Glossary

Payroll — with all the reports to run, and tax regulations to stay on top of and prevailing wages to calculate (just to name a few!) — can get messy. That’s why we’ve put together a Definitive Payroll Glossary to help you better understand what’s involved as you work your way through the complexities of your next pay run! Affordable …

Different Methods of Tracking PTO Accrual

The commercial construction industry is a finicky beast when it comes to time off. At one single jobsite there may be seasonal workers, union workers, full-time workers, part-time workers, and trade workers from everywhere under the sun. Different classifications, all accumulating paid time off at different rate, levels, and times. See? Finicky. Traditionally, the industry erred towards dividing employee time …

IRS Releases 2020 Form 941 Draft

The IRS has released a draft of the 2020 Form 941. This draft is the version that’ll be used for second quarter returns and features substantial updates to account for COVID-19 employment tax credits. Some changes to note include: Parts 1 and 3 of Form 941 to account for paid sick leave and expanded family and medical leave, as well …

Prepping for a PPP Loan

With additional funding added to the Paycheck Protection Program, contractors and business owners in need should take steps to learn more about what these loans are and how they can be used to help their businesses. What is the Payroll Protection Program? The Paycheck Protection Program, or PPP, is a loan program that’s part of the Coronavirus Aid, Relief and …

2020 Federal Tax Deadline Extended to July 15, 2020

2020 Federal Tax Deadline Extended to July 15, 2020 In response to the COVID-19 pandemic, the IRS has postponed the April 15 federal tax filing and payment deadline to July 15, 2020. This extension is automatic and applies to all individuals and corporations. It’s important to note that the extension only applies to federal tax deadlines, not state. Check with …

Payroll Tip: Get Ready for Back to School

Get Ready for Back to School With the summer winding down, it means one thing — it’s back to school season! While you might not be signed up to take any classes this fall, it’s possible that a portion of your part-time and seasonal workers are. To help keep in touch with your seasonal workers during the off-season, now is …