by Shawna Coronado | Mar 12, 2024 | Accounting, Payroll, Tax credits
Stay compliant, stay competitive: Mastering construction business taxes is crucial, but navigating unemployment taxes can feel like a whole new ballgame. But fear not! This guide simplifies Federal Unemployment Tax Act (FUTA) and State Unemployment Tax Act (SUTA)...
by Shawna Coronado | Mar 6, 2024 | AB 2143 Solar, Clean Energy, Prevailing Wage Info, Solar Power
California Leads the Charge in Renewable Energy with this Assembly Bill California is a national leader in solar energy, and Assembly Bill 2143 known as AB 2143 reinforces this commitment. This recent legislative update, effective January 1, 2024, requires prevailing...
by Shawna Coronado | Mar 5, 2024 | Davis Bacon, Davis Bacon compliance, Payroll, Prevailing Wage Info, Software, Timekeeping
When you think of a busy to-do list for construction reporting, you might immediately envision year-end. But March is no slouch either. There are several reporting demands that contractors and other businesses must comply with that can keep you on your toes. They...
by Shawna Coronado | Mar 1, 2024 | Davis Bacon compliance, Prevailing Wage Info
Many contractors find themselves intimidated by the complexities of prevailing wage projects. If you’ve never performed one of these projects that are subject to Davis-Bacon and Related Acts (DBRA) requirements, it can seem scary when you have absolutely no idea where...
by Shawna Coronado | Feb 27, 2024 | Construction, Employee Benefits, Financial, laws
What is the SECURE Act 2.0? Retirement planning is a concern and it’s no secret that many Americans put off saving for retirement for too long and the SECURE Act 2.0 can help. Maybe certain Americans aren’t eligible due to their job category or industry, the financial...
by Shawna Coronado | Feb 20, 2024 | Construction, laws, Payroll
OSHA in Construction Payroll: Understanding the Basics If you’ve worked any time at all in the construction world, you’ve probably heard the dreaded acronym OSHA (Occupational Safety Health Administration). Despite what you’ve heard, it’s not as scary as it sounds....
by Shawna Coronado | Feb 13, 2024 | Construction, General contractors, Government Contracting, Regulation Updates
The Era of Change: Executive Order 14063 Unveils Project Labor Agreements for Federal Construction Projects Buckle up, because the game has changed for non-union contractors eyeing those coveted federal construction projects! On December 22, 2023, the curtain rose on...
by Shawna Coronado | Feb 6, 2024 | Construction, Fringe Benefits, Payroll, wage determinations
When delving into the intricacies of apprentice-to-journeyman ratios, understanding the nuances of wage determination is vital before crews embark on federally funded construction projects. Before your crews start a federally-funded project, you’ve likely heard...
by Shawna Coronado | Jan 31, 2024 | Davis Bacon compliance, Payroll, Prevailing Wage Info, Tax credits
W-4 Form. It may sound like a boring piece of paperwork, but it can have a big impact on your finances. A W-4 form tells your employer how much federal income tax to take out of your paycheck. If you fill it out incorrectly, you could end up owing money to the IRS or...
by Shawna Coronado | Jan 30, 2024 | Construction, Payroll
In the contemporary financial landscape, understanding the intricacies of your pay stub is essential. Surprisingly, many of us have no clue how to read pay stubs or know the meaning of various codes listed. It can be extra confusing if you work at a construction...