With the next CalSavers deadline approaching in June, many California companies are working to become compliant. For some this means defaulting into the system, which may be easy but does require employer-side setup and maintenance. Others are weighing options and...
CalSavers is a mandatory retirement program in the state of California. Passed into law in 2016, the legislation was intended to reduce the looming retirement crisis by helping workers from all industries have access to retirement planning tools. Companies in...
Contractors and subcontractors that do prevailing wage work must follow strict rules that govern how laborers and mechanics are paid on qualifying jobs. These regulations are found in various prevailing wage laws, including Davis-Bacon and Related Acts(DBRA) and the...
Supplemental unemployment benefits (SUB) have received increased attention recently due to the economic uncertainty created by COVID-19. As a tool for providing income after a job loss, SUB plans can be beneficial. They can also provide some tax advantages for...
Managing fringe benefits is an ongoing challenge for construction companies that do prevailing wage work. Because of the misconceptions surrounding fringe benefits, including compliance concerns, many companies handle the challenge by simply paying fringes in cash....
Government contracts can be a great source of income for construction companies, but they are often more complicated than private projects. The rules and regulations involved in accepting government money for public work projects can be time consuming, confusing and...
