Watch Out for Multi-State Payroll Tax Issues Let’s say your company is based in State A but you win a job in State B. You send your crew over, and they send back their timecards. Which state do you need withholdings for, and how much of each state’s payroll tax do you have to pay? The short answer is — …
Know Your Fringe Benefit Rules Union and prevailing wage payrolls give you a lot to keep track of — between rates for multiple trades and multiple rates for benefit types — but make sure too that those rates aren’t all calculating the same. Some fringes are subject to overtime while some are calculated by percentage; some are pre-tax and some …
Code Your Certified Payroll by Job Your employees are assigned to one or more jobs every day. Shouldn’t you assign their payroll expenses to a job too? “But it’s all coming out of the same G/L accounts,” you might say. That will certainly show how much field labor is costing your company as a whole when glancing at your financial …
Payroll Solutions that help contractors manage tax deposits and filings Taxes can be confusing–especially if you’re a contractor working multiple jobs in multiple states and localities–all with varying pay and tax rates. And with tax laws changing all the time, it’s getting harder and harder to abide by those rules and to avoid penalties. There is a solution, though! Payroll …
Payroll Outsourcing question Hey Fred, I have a question about payroll outsourcing- We’re a mid-size contractor working on a variety of different jobs (including prevailing wage work) and the truth is that our payroll is getting to be too much to handle. We’re looking to do some payroll outsourcing, but I have no idea where to start. Is there a …
Construction Payroll: make fringes easier to track Processing construction payroll is complicated to begin with. Non-union contractors working on prevailing wage jobs have an added complexity to deal with: fringes. Fringes are meant to level the playing field for non-union contractors bidding on prevailing wage jobs. Unions offer benefit packages including health and welfare, vacation, pension, and more. Fringes are …
When it comes to the construction payroll, reporting is essential. Whether it’s job labor costing; working prevailing wage jobs and submitting required certified payroll reports; handling complex union reporting; tracking workers’ compensation; or any other number of reporting needs, reporting remains a critical aspect to running a successful construction business. Many contractors handle their construction payroll and reporting in-house, as …
Processing construction payroll is different from that of any other industry. Many contractors feel overwhelmed by all of the payroll compliance required for today’s construction companies. From working in multiple states and localities, on multiple jobs with multiple pay rates, to preparing and submitting reports, the compliance can be frustrating and overwhelming. As a construction company grows, it is important …
Most companies, whether they’re construction or not, are familiar with big name payroll services. These are great companies that can provide payroll services to many different types of industries, but they don’t necessarily offer construction payroll services. Processing payroll for construction is different from that of any other industry. Most of the big name payroll service providers aren’t able to …