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Performing a Busy-Season Reassessment
With summer’s busy project season in full swing, this midpoint provides an opportunity to reassess your processes and make this season a success. Chances are, a lot of the finer details that were uncertain at the start of the year...
Will Multi-State Taxes Get Simpler for Contractors?
In 2019, a bill is advancing to the U.S. Senate Committee on Finance that could significantly change how construction employers who work in multiple states handle their payroll taxes. The proposed S. 604, currently known as the Mobile Workforce State...A Construction Pay Stub Explained
If you do construction payroll, you know that it’s not always simple. Whether you’re dealing with Davis-Bacon requirements, prevailing wage rates, union benefits, taxes for multiple states and localities, or even just overtime pay, there’s a lot that goes into...DOL Proposes to Clarify Eligible Pay for Overtime
Though a different proposed overtime rule made headlines this spring, the U.S. Department of Labor (DOL) recently published a more modest proposal for the Fair Labor Standards Act (FLSA) on March 28, 2019. According to Notice of Proposed Rulemaking: Regular...Sample Certified Payroll Report: Interact With an Example WH-347
What Is Certified Payroll? Certified payroll refers to weekly construction labor reporting that a contractor submits for each government contract they’ve worked. This, along with a signed statement of compliance, “certifies” to federal, state, or local agencies that laborers on...Three States Extend 2019 W-2 Deadlines
As of the first week of February, three U.S. states and one U.S. territory have extended the electronic filing deadline for Forms W-2 Wage and Tax Statement. Iowa and Puerto Rico cite technical reasons for their extensions. Both Wisconsin and...Delivery From the IRS May Be Delayed. But Deadlines Aren’t
If you ordered paper Forms W-2, W-3 and 1099 from the IRS in late December, you may not receive them until after the January 31 filing deadline. As of the time of publication, the IRS is not extending this deadline...
Four Tips to Help Take the Pain Out of Union Payroll Reporting
Processing payroll is complicated, and adding union requirements to the mix can make the task feel insurmountable. Contractors who work with union employees not only have to worry about tracking benefits packages, health care, vacation time, and 401(k), but they...