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 Income Tax Simplification Act of 2019, seeks to “limit the authority of States to tax certain income of employees for …
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! …
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 — …
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 …