Category: Construction
Employers Face New Jan. 31 W-2 Filing Deadline
The Internal Revenue Service today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15. A new federal law, aimed at making it easier for the IRS to detect and prevent refund fraud,...
Pros and Cons of Renting Equipment
Careful management of equipment needs is critical if contractors are to remain profitable and competitive. Part of that process involves deciding whether to buy or rent construction equipment. Before making a decision, you may wish to consider the following factors....
New Overtime Rules
Contractors with office staff will likely be affected by a recently issued rule from the U.S. Department of Labor that increases the salary threshold under which most salaried workers are eligible for overtime pay when they work more than 40 hours a week. The new rule...
Watch for a Delay to Federal Overtime Rules
On September 28, Congress, with bipartisan support, passed a bill that would delay the implementation of the new overtime regulations. The Regulatory Relief for Small Businesses, Schools, and Nonprofits Act, which now goes to the Senate sets June 1, 2017 as the new...