Payroll4Construction's Blogs

In the construction industry, payroll processing isn’t as simple as issuing a paycheck. Contractors and construction businesses face a unique array of tax obligations due to their work structure, employee variety, and many projects’ multi-state nature. Understanding which tax forms are required at the federal, state, and local levels is one of the biggest challenges for businesses in the construction …

Managing construction payroll is a complex but crucial task for any construction business. Construction payroll services provide various reports that help construction companies maintain compliance, track labor costs, and streamline administrative processes. Let’s explore the different types of reports offered and discuss the data each provides and its usefulness for contractors. Construction Payroll Reports Key Takeaways Compliance is Critical: Construction contractors …

Construction payroll presents a set of unique challenges due to evolving government and union regulations, fluctuating employee hours and the versatility of workers who perform tasks across multiple trades and locations. As you prepare for year-end, now’s the best time to think about the busy season — specifically the time-consuming nature of payroll in the construction industry. Key Takeaways Construction …

In the construction industry, the safety of your workforce is vital. Given the inherent risks associated with construction work, workers’ compensation insurance is not just a legal requirement — but a vital safety net for employees and employers. According to Business Insurance, the construction sector reported three times the number of workers’ compensation claims in 2023 compared to other industries. However, managing …

The construction industry has different periods of increased work, typically due to the seasonal changes in both the economy and the weather. For example… In the warmer months of spring and summer, construction will become busier; as the weather conditions level out, the industry sees increased job opportunities and employee availability, allowing contractors to get and complete more work. Other …

Year-end construction payroll processing is a critical task that requires careful attention and timely completion. For construction companies, the complexities of construction payroll can make year-end processing particularly challenging if not handled correctly. A study conducted by QuickBooks® found that more than 34% of construction companies still complete payroll through manual spreadsheets instead of using payroll systems. This can lead …

In the fast-paced world of commercial construction, managing payroll accurately is crucial not only for maintaining productivity and a healthy cash flow but also for ensuring compliance with labor laws. Payroll errors can lead to significant issues that affect a contractor’s entire business. That is why 61% of companies outsource some or all of their payroll operations, according to B2B …

Contractors are responsible for properly designating the trades of their workers when performing payroll. Correctly designating trades for workers ensures they are paid an accurate wage and that employers remain compliant with the Department of Labor’s laws. With that in mind, it’s important to understand: What trade designations are Common trade designations Why trade designations are important How to simplify …

Meeting government payroll compliance is a complicated, ever-changing process, subject to many regulations with strict penalties if not obeyed correctly. From adhering to the state minimum wage laws to more complex requirements, such as federal income tax calculations and record keeping, businesses are expected to follow specific steps to complete correct and timely payroll. However, in addition to tracking current …