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Learn everything you need to know about employee fringe benefits, including what they are, how they’re paid and how they impact your business.
Avoiding prevailing wage violations is critical to contractors who rely on government-funded projects. Learn how Certified Payroll Reporting can help.
Wondering “what should I look for in a certified payroll software?” We’ve assembled a checklist that will help ensure you get the solution you require.
Employers are responsible for withholding money from their employees' paychecks for payroll taxes, but how much? Explore this guide from Points North.
Did you know that if a project receives more than $2,000 in government funding you could face a compliance obligation? You must follow Davis-Bacon Act regulations. The act applies to contractors and subcontractors on government backed projects. It applies when they perform a job that involves the alteration of public buildings. The same applies if they work on infrastructure projects. Contractors and subcontractors must pay laborers and mechanics fairly. Salaries must equal no less than locally prevailing wages. Keep reading to learn what you need to know to avoid Davis-Bacon Act violations.
Certified payroll reporting compliance can be tricky. Follow these guidelines and use proven software that’s powered by Points North to maintain compliance.
Did you know there are 700,00 0 construction companies in the US? That makes construction a highly competitive industry. But do you know how to grow and manage the best company you can? Solid management builds a reputation, and that leads to more customers. Read on as we give our must-know construction company management tips.
Finding talented employees for your construction business is difficult. The Association of General Contractors recently reported that finding quality craftspeople is the biggest challenge facing the industry. Construction is a critical industry, and the success of the construction business depends on the quality of craftspeople. Having enough skilled craftsmen to meet your demand is essential, but it is also important to retain them. To stay competitive, you should implement appropriate tools and techniques for attracting talented employees; otherwise, your employees may not have company loyalty. It is important to have the right tools and techniques in place to stay competitive in the construction industry. There are a number of ways to attract and retain skilled craftsmen and stay competitive:
View our contractor’s guide to prevailing wage requirements, powered by Points North, to help you understand what goes into certified payroll reporting.
Prevailing wage compliance can be a challenging task. You can ask the contractors that had to repay millions of dollars in back wages since Davis-Bacon and its Related Acts came into effect. Better yet, ask the prime contractors who had to pay for the mistakes of their subcontractors. What is Prevailing Wage? Prevailing wage is the rate for wages and fringe benefits set by th e Department of Labor. Foreign workers or employers with government contracts must pay the prevailing wage to their employees. Prevailing wage rates vary by location. They are based on the average wages employees with similar positions get in the area. Employers with federal contracts must pay the prevailing wage rate. Several states have laws that require employers with state contracts to pay the prevailing wage rate.