With additional funding added to the Paycheck Protection Program, contractors and business owners in need should take steps to learn more about what these loans are and how they can be used to help their businesses. What is the Payroll Protection Program? The Paycheck Protection Program, or PPP, is a loan program that’s part of the Coronavirus Aid, Relief and …
2020 Federal Tax Deadline Extended to July 15, 2020 In response to the COVID-19 pandemic, the IRS has postponed the April 15 federal tax filing and payment deadline to July 15, 2020. This extension is automatic and applies to all individuals and corporations. It’s important to note that the extension only applies to federal tax deadlines, not state. Check with …
Get Ready for Back to School With the summer winding down, it means one thing — it’s back-to-school season! While you might not be signed up to take any classes this fall, it’s possible that a portion of your part-time and seasonal workers are. To help keep in touch with your seasonal workers during the off-season now is the perfect …
. . . With Finding the Right Payroll Processor For Maranatha Sheet Metal Company, Inc., getting the work done on time for one of their jobs was never an issue — but finishing their complex union payroll and certified payroll reports quickly was a different story. After losing too many weekends trying to keep up, Maranatha eventually decided that enough …
Ahead of other states, Minnesota enacted a new law substantially amending current labor statutes, including wage and hour requirements, protections, and sanctions, as of July 1, 2019. Provisions amending criminal wage theft and sanctions take effect August 1, 2019. While the legislation has made headlines in the North Star State for being the first to elevate the criminal status of …
“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 …
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 — like how many bids you might win and the number of additional workers you need to hire — should …
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 …
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 calculating the amount your employee receives. This can lead to questions from employees who wonder what all the seemingly cryptic …
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 Rate, DOL hopes to clarify and update the decades-old regulations that help employers calculate the appropriate overtime pay for its …
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