Spring 2012
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| Managing payroll taxes: Not easy, but important | |
 | This past February, Congress extended the reduction of the employee portion of the Social Security tax on earned income. The cut does apply to employees, not employers. But, for construction company owners, using the development as inspiration to review payroll tax management is still a good idea. This article examines which workers are taxable employees (vs. independent contractors) and what kinds of compensation are subject to payroll taxes. It also discusses creating or formalizing an “accountable” tool-reimbursement plan to help manage taxes. A sidebar lists the four major taxes that fall under the generic term “payroll tax.” Read More |
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| Boost productivity without breaking the bank | |
 | When looking to boost productivity, it’s natural to want to incentivize workers. But should a contractor offer incentives to project crews in today’s uncertain economy? Not without serious thought, of course. But if doing so will improve timeliness, the long-term results could pay off. This article looks at some issues to consider. It discusses setting goals and determining the kinds of incentives to be offered, and providing written explanation and regular monitoring. Read More |
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| 4 hot features of the latest construction accounting software | |
 | Running a construction company without accounting software may seem next to impossible these days. So, those who have a construction accounting package in place need to keep an eye on whether it’s becoming outdated. This article examines four hot features of the latest software that may provide incentive for an upgrade. Read More |
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| The Contractor’s Corner — How can we better control fuel costs? | |
 | This issue’s “Contractor’s Corner” offers suggestions for managing fuel costs. It discusses specific preventive measures but also looks at the advisability of striking a price protection agreement with a fuel vendor. Read More |
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This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and accordingly assume no liability whatsoever in connection with its use. ©2012 • ONSsp12 | |