In 1931, the US Congress passed the Davis-Bacon Act to protect workers. Back then, contractors bidding on government jobs would try to win by offering low bids. These bids were made possible because the contractor planned to pay their employees minimum hourly wages. The act established “the prevailing wage”. The prevailing wage is the average wage paid to a type of …
The Inflation Reduction Act, signed into law in 2022, focuses on growing the economy and curbing inflation — benefiting the working class by reducing the deficit by $305 billion through 20311. The Act also improves climate control efforts, being the largest investment in green jobs the U.S. has ever seen. The act looks to provide more than 9 million jobs …
STRONGSVILLE, Ohio – November 2, 2022 — Payroll4Construction, the #1 construction payroll service for contractors, has been selected as a 2022 Weatherhead 100 winner. Companies making the list are recognized for their percent of revenue growth over the last five years. Established in 1988, The Weatherhead 100 Awards are the premier celebration of Northeast Ohio’s fastest-growing companies. The awards celebrate companies …
E-Filing Threshold Has Been Lowered Starting in 2024, the IRS has altered which employers are allowed to file certain tax information returns in paper format. In previous years, employers filing less than 250 forms, including but not combining 1095 Forms, W-2 Forms, and 1099 Forms, with the IRS were allowed to complete their filings in paper format. In 2024, this …
Federally funded construction projects are attractive — offering appealing benefits like long-term employment, flexible work, good income, timely payments, and stable contracts. Not to mention lots of opportunities for profit — in 2020 alone the United States government invested over $665 billion in contractual construction services and supplies.1 But not every contractor is rushing to bid on government work. Why? …
To have employees is to have payroll, and running any type of payroll — especially in the construction industry — comes with pain points. Operating construction payroll internally can be complicated, time-consuming, and costly. Then, there are the necessary compliance requirements to manage and all of the legal ramifications that come with any incorrect tax reports. Outsourcing construction payroll has …
Simplify EPRLive Reporting with a Payroll Integration There’s no way around it; payroll and remittance processing — especially for union contractors — can be complicated. From benefits offered to hours spent on the job, there are a lot of moving parts that contractors need to account for when submitting compliance reports. It’s an intricate process that takes time and careful …
Payroll — with all the reports to run, and tax regulations to stay on top of and prevailing wages to calculate (just to name a few!) — can get messy. That’s why we’ve put together a Definitive Payroll Glossary to help you better understand what’s involved as you work your way through the complexities of your next pay run! Affordable …
The commercial construction industry is a finicky beast when it comes to time off. At one single job site, there may be seasonal workers, union workers, full-time workers, part-time workers, and trade workers from everywhere under the sun. Different classifications, all accumulating paid time off at different rates, levels, and times. See? Finicky. Traditionally, the construction industry erred towards dividing …
On November 15, President Biden signed into law the $1.2 trillion Infrastructure Investment and Jobs Act. In this historic deal, policymakers have a goal over the next 10 years of strengthening and modernizing everything from supply chains and the electric grid to repairing deteriorating bridges and highways. This deal brings significant job opportunities to the construction industry. And while it …