BY Mike Ode
There is no denying that processing payroll in the construction industry can be difficult. With such complexities as multiple states and localities, prevailing wage work, and construction reporting, outsourcing payroll can seem like a nightmare.
While all payroll services can handle basic payroll processing tasks like checks/direct deposit, tax filing, and W2s, most big name payroll services don’t fit the bill when it comes to processing complex construction payroll. But contractors now have a choice when it comes to outsourcing payroll, because payroll services just for construction really do exist!
In addition to basic payroll processing tasks, construction-specific payroll services also address the following construction complexities:
Deciding to use a construction-specific payroll service has a multitude of advantages. In addition to handling construction complexities, sophisticated reporting capabilities, and integration with accounting software, a construction-specific payroll service will also increase efficiency and create work opportunities. The biggest advantage, however, is being able to use a service that understands your industry and is built for construction.
Mike Ode is the President of Foundation Software. Foundation Software is the developer of FOUNDATION for Windows and Payroll4Construction.com. Mike can be reached by phone at 800.246.0800, by email at email@example.com
Published in CEA Quarterly Newsletter- October 2010