Certified payroll is a requirement…
South Dakota seeks to enact state prevailing wage law in Senate Bill 110
Twenty four states do not have prevailing wage laws in place, but that number might be changing. As more prevailing wage laws and regulations are enacted across the nation, South Dakota is eyeing its own legislation. Senate Bill 110 of the 2023 South Dakota...
Ultimate Certified Payroll & Prevailing Wage FAQ
This comprehensive certified payroll FAQ guide will help you understand the complexities of certified payroll and prevailing wage. We cover both basics and more advanced questions, and provide handy resources to help you stay on top of Davis-Bacon compliance for your...
First round of funding for tax credits under IRA
$10 billion in green technology tax credits have been allocated under the Inflation Reduction Act. These fall under Section 48C, which was expanded to include prevailing wage and apprenticeship requirements for those wishing to claim the credits. The IRS and the...
Understanding Work Classifications Under Davis Bacon
The Davis Bacon Act requires contractors and subcontractors performing work on federally funded or assisted construction projects to pay workers prevailing wages and fringe benefits. These wages are based on what the local wages are for workers performing similar work...
Contractor in trouble for underpaying prevailing wages
A financially struggling contractor has the unenviable position of being involved in one of Minnesota’s first wage theft cases since the law was passed in 2019. While the work was performed on an apartment complex, it fell under state prevailing wage law because the...
Form 1099-R FAQ
We’re approaching tax time and that means most of us will be spending some quality time crunching numbers and filling out forms. If you received distributions in 2022, you will probably be receiving Form 1099-R. This form has received a facelift since the last time...
Benefits of using Construction payroll software in 2023
Companies looking to grow in 2023 face fierce competition and a questionable economic landscape. Adding fuel to the fire is the trend toward increased compliance enforcement which is happening at the federal and state level. These challenges don’t have to become a...
Inflation Reduction Act : New guidance on prevailing wage and apprenticeship rules
The Inflation Reduction Act (IRA) was signed into law this August, with new guidance issued on November 30th regarding the prevailing wage and apprenticeship requirements within the legislation. The IRA is set to have a significant impact on the construction industry...
