Your go-to source for essential updates in the world of construction business management brought to you by eBacon.com!
In this edition, we focus on New Year’s Concerns for Construction Companies. Explore comprehensive guides on payroll updates, demystifying tax forms, Davis-Bacon compliance, and effective employee communication strategies.
3 Pro Tips: Navigating Payroll, Tax, and HR
Tip 1: Best New Year’s Tip for Payroll Managers:
Conduct regular audits – it’s the best way to ensure accuracy for 2024! Experts suggest a once-per-year payroll audit in January to ensure accuracy and compliance. A good audit can help you avoid errors, penalties, and fraud in your payroll process.
Tip 2: Kickbacks are Prohibited in Federally Funded Construction Projects:
Stay compliant with The Copeland "Anti-Kickback" Act with federally funded works. Regularly review and understand its regulatory information, ensuring payroll practices align with the Act's requirements to avoid legal issues – Learn More
Tip 3: What is a Workplace Doom Loop?
Employees and managers within a construction business may experience an emotional doom loop—a negative cycle where one bad action triggers another, causing employee disengagement and work-related discontent. Kick off your New Year’s Human Resources initiatives by learning how to recognize and prevent a doom loop – Read More
Bacon Bits & Bytes:
Construction Industry and Workforce Management Links
Link 1 – Prevailing Wage in Construction: What You Need to Know to Make it Work Link 2 – Discover this EASY Tip Manual for W2 Tax Form Delivery and Filing Link 3 – Tax Forms Made Easy: A Step-by-Step Guide for Construction Business Payroll Managers
Partner Showcase
Precision Concrete Cutting, established in 1992 in Provo, Utah, emerged as a construction industry trailblazer in sidewalk maintenance.
Frustrated with conventional grinding, the founder pioneered innovative techniques, earning six patents from the U.S. Patent and Trademark Office. Now a nationwide network of Sidewalk Asset Management Specialists, the company has surveyed and repaired millions of miles of sidewalks across North America. Committed to providing clients with data and expertise, the team at Precision Concrete Cutting aligns seamlessly with eBacon.com's payroll management solutions.
