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The Seasonality of Construction Payroll: How to Handle Booms and Busts
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...
Overcoming the Challenges of Year-End Construction Payroll
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...
Avoiding Construction Payroll Errors
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...
Beyond Job Titles: The Critical Role of Trade Designations in Construction
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...
How to Ensure Your Construction Payroll Follows Government Guidelines
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...
Why Should Your Construction Company Embrace Automatic Timecards?
Construction payroll processing is one of the most time-consuming elements of a construction business, and it’s also one of the most important operational tasks a company has to manage. Inaccurate payroll processing can lead to a drop in employee retention...
Construction Union Payroll Changes
For many construction businesses, hiring unionized workers is an effective way to build a well-trained workforce. However, because of the diverse nature of unions and collective bargaining agreements, payroll-related rates and benefits are subject to frequent changes and can be...
How to Calculate Labor Burden and Its Impact on Construction Payroll
Labor burden significantly impacts construction payroll, with employment costs adding 24-70% on top of base wages. Calculating labor burden gives contractors visibility into the full cost of their workforce. Failing to factor in labor burden can lead to inaccurate estimates...
