Constructing Compliance: Mastering the Intricacies of Construction Payroll
Mastering Construction Payroll Compliance: Key Concepts and Strategies Construction payroll presents unique challenges due to industry-specific regulations, frequently changing laws and the complexities of multi-state operations. Understanding these challenges is crucial for construction businesses to maintain compliance and avoid penalties. Key Agencies and Regulations in Construction Payroll Internal Revenue Service (IRS): Manages Federal Income Tax, Social Security, Medicare, and Federal Unemployment Tax Requires W-4 forms for new hires and W-2 forms annually for construction employees Department of Labor (DOL): Oversees Fair Labor Standards Act (FLSA) in construction Manages Davis-Bacon and Related Acts (DBRA) for federally funded construction projects State Agencies: Administer state-specific taxes and unemployment insurance for construction workers Need help with keeping your construction payroll compliant? Click on the link to see how we can help you:...