fringe benefit
ASA Seminar Payroll & Tax Strategies for Public Works Contractors
Cash is "KING"! Public Works Construction and Prevailing Wage projects require advanced financial planning methods and tools along with an understanding of the ever-changing compliance requirements -- so that you get paid on time!
I'm thrilled to be joining Steve Kuzmack, President of Fringe Benefit Experts for a comprehensive 2 hour - easy to understand seminar for the American Subcontractors Association - San Diego branch, on strategies for lowering labor costs and complying with certified payroll reporting requirements on Federal and/or State funded construction projects - including the impact of the new Compliance Monitoring Unit {CMU} and the required filing of electronic certified payroll reports.
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Prevailing Wage-Paying More Than the Wage Decision Requires
The Wage Decision provides you with the minimum amounts (base rate and fringe rate) that you must pay your employees when they work on a Prevailing Wage job - but confusion often happens when you actually pay your employees more than what the Wage Decision requires Continue reading
Payroll Tip: Union Benefits Calculated Against Hours NOT Wages
Union fringe benefits can be calculated in a number of ways; some are based on a percentage of gross wages while others are a fixed dollar amount per hours worked. Either way you look at it, it can become pretty complex. Continue reading
Payroll Tip – Handling 1 Employee with 2 Union Benefit Packages
A payroll tip for handling one employee with two different wage rates and union benefit packages on a single paycheck in QuickBooks. Continue reading
Prevailing Wage Jobs – Fringe Benefits Question
Q. My boyfriend is being told that the company he works for will be taking half his pay each week to put in a 401k HALF!!! Is this legal? A. More and more companies that work on prevailing wage jobs are opting to use the fringe portion of the prevailing wage to legally purchase bona fide fringe benefits. Continue reading
The Benefits of Paying Prevailing Wage Fringes to a Bona-fide Plan
The benefits of paying the Prevailing Wage Fringe Benefit portion to bona-fide plan is often misunderstood by employers and employees alike.
Prevailing wage jobs, those jobs that are subject to the Davis-Bacon Act and/or State Prevailing Wage Laws, require that… Continue reading
Prevailing Wage Fringes-Taking Credit for Company 401k Contributions
The fact that you are a non-union shop, and your employees are probably also work on non-prevailing wage jobs adds another layer of complexity to this. Continue reading
Are Your QuickBooks Certified Payroll Reports Accurate? How to Check
The built-in QuickBooks certified payroll report is a frequent topic on the Intuit Community forums . Learn how to check the report for accuracy BEFORE submission. Continue reading
QuickBooks Payroll Tip – Tracking Union Fringe Benefits
Setting up and tracking Union Fringe Benefits in QuickBooks can be a fairly straightforward task, Union Fringes are just a specified hourly dollar amount that the company pays to the Union on behalf of the employee. Continue reading
Prevailing Wage Fringes-Taking a Credit for Health Insurance
Taking a Health Insurance credit against the full prevailing wage fringe benefit and reporting it correctly on the Federal WH-347 Certified Payroll Report can be very confusing. Continue reading
#QuickBooks for Contractors Freebie Friday Prevailing Wage Fringes
This week's eBook provides information on paying and tracking prevailing wage fringe benefits, when you work on a government funded construction project that requires the submission of certified payroll reports. Continue reading
Calculating & Displaying Fringe Benefits on a Certified Payroll Report
In recent months, I have repeatedly seen posts from QuickBooks users on the Intuit Community Forums asking how the fringe benefit rate is calculated and then displayed on the Certified Payroll Report in Excel, which is now a standard function of QuickBooks Premier and Enterprise when used in conjunction with Enhanced Payroll, and I really haven’t seen any good responses. Continue reading
QuickBooks Question – Tracking Prevailing Wage Fringe Benefits
We were just awarded a contract with the Department of Defense and have to pay our employees "prevailing wage" and submit certified payroll reports. I called Intuit Support to ask them about prevailing wage, certified payroll, and how to track the fringe benefits; they weren't very helpful - they just told me that QuickBooks can produce the certified payroll report.......can you help me understand all this? Continue reading
QuickBooks Tips – Contractor Needs Part 2
Sam Subcontractor already uses QuickBooks, he has more complex job costing needs due to certified payroll reporting requirements, payments of prevailing wage fringe benefits and AIA billing. High overhead costs, specialized equipment, materials, labor charges are other things… Continue reading
QuickBooks Tip – Working With Contractors – Part 4
QuickBooks will not automatically provide some of the solutions to the needs of contractors, for example: tracking Retainage, equipment costs, union or bona-fide plan fringe benefits - but properly setup QuickBooks "can be made" to do so; and of course, there are always third-party applications that will help with the "tough stuff". Continue reading
About Your Host:
Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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