Best Practices for Managing Payroll for Subcontractors

In the construction world, subcontractors are one of the backbones of project success. But managing payroll for subcontractors can be a complex task, filled with difficulties from navigating a maze of classifications, payments and tax rules. With 71% of subcontractors reporting slow payments from general contractors according to the National Subcontractor Market Report conducted by Billd, efficient and accurate payroll …

The Benefits of Integrating HR and Construction Payroll

Construction companies have to deal with unique compliance challenges that arise from their workforce being spread out across multiple states and cities. Aside from managing schedules, contractors must consider differing labor laws, wage rates and collective bargaining agreements (CBAs). Some contractors attempt to manage these challenges manually or with two disjointed software aimed at human resources (HR) and construction payroll. …

A Processor’s High-Level Guide to Construction Tax Forms

In the construction industry, payroll processing isn’t as simple as issuing a paycheck. Contractors and construction businesses face a unique array of tax obligations due to their work structure, employee variety, and many projects’ multi-state nature. Understanding which tax forms are required at the federal, state, and local levels is one of the biggest challenges for businesses in the construction …

Exploring Construction Payroll Reports

Managing construction payroll is a complex but crucial task for any construction business. Construction payroll services provide various reports that help construction companies maintain compliance, track labor costs, and streamline administrative processes. Let’s explore the different types of reports offered and discuss the data each provides and its usefulness for contractors. Construction Payroll Reports Key Takeaways Compliance is Critical: Construction contractors …

Payroll4Construction’s Impact on Construction Payroll

Construction payroll presents a set of unique challenges due to evolving government and union regulations, fluctuating employee hours and the versatility of workers who perform tasks across multiple trades and locations. As you prepare for year-end, now’s the best time to think about the busy season — specifically the time-consuming nature of payroll in the construction industry. Key Takeaways Construction …

How Construction Payroll Services Streamline Workers’ Compensation Management

In the construction industry, the safety of your workforce is vital. Given the inherent risks associated with construction work, workers’ compensation insurance is not just a legal requirement — but a vital safety net for employees and employers. According to Business Insurance, the construction sector reported three times the number of workers’ compensation claims in 2023 compared to other industries. However, managing …

The Seasonality of Construction Payroll: How to Handle Booms and Busts

The construction industry has different periods of increased work, typically due to the seasonal changes in both the economy and the weather. For example… In the warmer months of spring and summer, construction will become busier; as the weather conditions level out, the industry sees increased job opportunities and employee availability, allowing contractors to get and complete more work. Other …

Overcoming the Challenges of Year-End Construction Payroll

Year-end construction payroll processing is a critical task that requires careful attention and timely completion. For construction companies, the complexities of construction payroll can make year-end processing particularly challenging if not handled correctly. A study conducted by QuickBooks® found that more than 34% of construction companies still complete payroll through manual spreadsheets instead of using payroll systems. This can lead …

Avoiding Construction Payroll Errors

In the fast-paced world of commercial construction, managing payroll accurately is crucial not only for maintaining productivity and a healthy cash flow but also for ensuring compliance with labor laws. Payroll errors can lead to significant issues that affect a contractor’s entire business. That is why 61% of companies outsource some or all of their payroll operations, according to B2B …

Beyond Job Titles: The Critical Role of Trade Designations in Construction

Contractors are responsible for properly designating the trades of their workers when performing payroll. Correctly designating trades for workers ensures they are paid an accurate wage and that employers remain compliant with the Department of Labor’s laws. With that in mind, it’s important to understand: What trade designations are Common trade designations Why trade designations are important How to simplify …