fringe
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
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
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