Running a construction company doesn’t come without its pain points, especially when it comes to paying your employees. The larger your company is, and the more locations you operate in, the more potential there is for these issues to arise. Running payroll can already be a headache, but when you add in additional variables like compliance requirements, it can be tough to handle on your own. These are the most common construction payroll issues, and how you can avoid them by utilizing our payroll service.
The Top 3 Construction Payroll Issues
Inaccurate Worker Time Collection
Accurate time collection and an easy-to-use time clock are key to completing payroll correctly and on time. For those running construction companies, time collection is made much more difficult by the additional variables that come with construction work. If time collection issues are causing problems when running payroll, then it’s time to look at our many integrations with many popular time clocks including mJobTime, ExakTime, and more.
The Construction Payroll TimeClock includes a time-punch system that collects time in the field, an option for field supervisor-level review prior to submission or a web-based timecard entry application that works on nearly every device, GPS coordinate capture, and many more functionalities that will make time tracking a breeze.
Calculating Taxes Accurately
Taxes are easily one of the most complicated parts of running payroll for construction companies. Payroll taxes must be properly and accurately filed, which means they must also be calculated by location at the state, federal, and local levels for each employee, and failing to precisely calculate and pay these taxes leads to expensive tax penalties. The best way to ensure your workers are paid accurately and that your business is protected from tax risk is to utilize payroll software built specifically for the needs of construction companies, one that can handle all of these considerations and more.
ConstructionPayroll.com’s comprehensive online payroll software, taxes are calculated automatically for each employee, and withholdings and payments are completed from within our platform. It also includes precise tax calculations based on GPS-enabled job site location capture, tax deposits and return filings, history of tax filings and payments, and more.
Compliance Issues
For construction companies, staying in compliance at all times is vital. Of course, this is easier said than done! It’s important to account for (and accurately calculate) common pitfalls like prevailing wage laws, union wages, and fringe benefits – and that’s just scratching the surface. It’s also key that you appropriately classify workers, verify fringe benefits and other deductions, and maintain and submit accurate certified payroll records. As you can see, it’s easy to get overwhelmed and slight mistakes can lead to costly tax penalties.
The good news is that you don’t have to manage all of this yourself. ConstructionPayroll.com helps your business boost compliance by ensuring that all calculations are made accurately, all classifications are made precisely, and all records are submitted exactly when they’re supposed to be. If you’re ready to learn more about how ConstructionPayroll.com keeps you in compliance throughout the entirety of the payroll process, click here!
Are you ready to Save Time and Minimize Risk?
Are you ready to make taking care of payroll for construction workers as simple and straightforward as possible? We offer simple pricing based on the unique size and specific needs of your construction company. Take our brief assessment to see if your current payroll system is setting you up for success or contact us for a free quote we’ll show you exactly how our software works.