Have you heard of fringe trusts and wondered what they were, how they work and if they are a good way to manage fringe benefits? Are fringe trusts even compliant with prevailing wage laws? In short, yes, a fringe trust is a completely legal, and affordable way to...
Most companies offer fringe benefits in some form, from healthcare and vacation time to retirement plans. For prevailing wage construction companies, fringe benefits take on a new meaning because they fall under requirements set up by Davis-Bacon and Related...
Finding new employees is difficult, especially in some industries like technology, education, construction, skilled trades and engineering. Overall, though, many sectors are facing a talent crunch, and that makes hiring harder than ever. It also places a renewed...
There are many payroll and prevailing wage mistakes that can leave a construction company in trouble with the Department of Labor. The mistake doesn’t have to be big to cause big problems, either. In fact, any violation of Davis-Bacon and Related Act (DBRA) and the...
Tracking hours has advanced a lot since the days of old-fashioned timecards and punch clocks. Surprisingly though, many companies are still using dated methods of tracking time, including manually logging hours and using spread sheets! Even if you have a digital...
Every business has to handle a long list of administrative functions on top of the work they do for clients and customers. This means that no matter the industry, every organization has to juggle internal administrative work with client work. For many companies, it’s...
Is your recording keeping compliant with the law? How confident are you in how your company handles your personal information? There are many rules and regulations in place regarding running a business. Staying in front of everything can be difficult and the...
Recording keeping might not be the most exciting topic, especially in the world of construction. For business owners and administration, however, it is an important function. Not only are there legal requirements to consider, failing to keep adequate records can lead...
Construction companies that work on federal contracts that fall under prevailing wage laws like Davis-Bacon and related acts must submit certified payroll reports. These are weekly reports that outline important payroll details to prove that all applicable laws are...
Certified payroll is a type of payroll for construction companies that do prevailing wage work. The term “certified payroll” is generally used to refer collectively to the payroll and reporting requirements placed on government contractors. At the federal level,...
