“We’re all construction with multi-state and union, so it’s a complex payroll,” says Tammy Evans, CFO of industrial painter Certified Coatings Co. — a Fairfield, CA division of Germany-based The Muehlhan Group. Tammy explains just how complicated it can get on one of their jobs, “One of our local collective bargaining agreements was that guys working at 50 ft., 100 …
If you do construction payroll, you know that it’s not always simple. Whether you’re dealing with prevailing wage rates, union benefits, taxes for multiple states and localities, or even just overtime pay, there’s a lot that goes into calculating the amount your employee receives. This can lead to questions from employees who wonder what all the seemingly cryptic codes on …
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 the project have earned at least the required “prevailing” — or, standard — wages. Federal, state and local laws determine whether a …
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 on benefit packages, health care, vacation time and 401(k), but they also need to take into account additional deductions or fringes their home union might require — like political action …
Year-end’s Coming, Get Ready Now! *Article Updated: 11/18/2020 A lot goes into making every construction payroll run accurate, successful and compliant — especially at year-end. Between ACA information returns, W-2s, end-of-the-year close and holiday bonuses, you need to make sure you’re prepared. Here are a few points to keep on your radar. 1. Be Aware of Your Deadlines First, …
People say construction payroll is hard. Really, it’s all about control. What controls the way you process payroll? A single fixed wage in your accounting software? A behemoth processing firm? Since Bechter Plumbing, Inc. partnered with Payroll4Construction.com, they control their own payroll. “It’s so nice to be able to just get in and set stuff up on my end,” …
Most people (and companies) will probably encounter a version of this sentence at some point in their career: “It’s not personal, it’s business.” That was what Massachusetts-based Pine Ridge Technologies, Inc., found themselves saying as the business was growing and its office staff realized their big-name payroll service was no longer going to suffice. “It was great, and we …
Prepare With a Payroll Contingency Plan. They call it the unexpected for a reason — but you can pretty much expect it to happen. It’s not just the vacation Sue’s taking; it’s what happens if the bank isn’t authorized to talk with her backup. It’s not as much preparing your star staff member for every contingency; it’s what happens if …
How to Cross the Border: Taking on Multi-State Taxes Like a Pro by Fred Ode In a construction company, you have thousands of moving parts to keep track of at all times — literally and figuratively. Besides maintaining and tracking equipment, bidding, hiring, and managing jobsites, construction payroll alone can give you plenty to navigate. Just look at state taxes! …
Check Your Prevailing Wage Worker Classifications When is a laborer not a laborer? Potentially, when they’re an equipment operator — or working as anything else, for that matter. That’s because when agencies look for prevailing wage compliance, they aren’t necessarily looking at job titles. Instead, they want to know workers are being classified and paid for the work they’re doing. …