article thumbnail

What is Hire-to-Retire (HTR)?

HR Lineup

Regular Feedback: Engaging in regular check-ins, performance reviews, and constructive feedback discussions. Key Features: Automated payroll processing: Technology ensures timely and accurate payments by automating payroll tasks such as salary calculations, tax deductions, and overtime.

article thumbnail

Construction equipment insurance: Is your coverage adequate?

Higginbotham

As a construction business manager or contractor, you invest a substantial amount of money into your equipment, and you depend on functioning equipment in order to fulfill contractual obligations and earn money. Construction equipment insurance provides important coverage when events like these occur. Fire damage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Best Contractor Payroll Software 2024

HR Lineup

With capabilities for project tracking, job costing, and certified payroll reporting, Sage Contractor is a go-to choice for businesses in construction, consulting, and other project-centric industries. Compliance and Security: Compliance with tax regulations and labor laws is non-negotiable.

article thumbnail

What are employees supposed to do with their excess pretax deductions?

Business Management Daily

The cafeteria plan rules are pretty strict and operate on the principle of constructive receipt—if you can exercise control over the receipt funds, they are taxable to you, regardless of whether you actually ever get the cash in hand. Roughly speaking, constructive receipt is why employees can’t get cash refunds of their pretax contributions.

article thumbnail

Delays, Higher Insurance Costs Burden Owners, Contractors

InterWest Insurance Services

Increasing construction project delays are combining with a hardening market for builder’s risk and liability insurance to create headaches for project owners and contractors. Some insurers have responded by reducing their appetites for insuring construction projects, while others have pulled out of the construction market entirely.

article thumbnail

Should Employees Receive an Auto Allowance – Ask #HR Bartender

HR Bartender

I live in Florida and am a construction superintendent. Section 62(a) defines adjusted gross income as the income of Section 61, minus certain deductions. The employee receives a lower taxable income, which reduces his or her adjusted gross income, affecting the 2 percent deduction floor. I use my personal vehicle to do this.

article thumbnail

What’s the deal with on-demand pay?

Business Management Daily

Z: The vendor contracts with employees; employees can’t access more than their earned pay; employees pay only a nominal fee for the service; employers make payroll deductions and remit the amount to the vendor; the vendor can’t sue employees who default; and the vendor doesn’t run credit checks on employees.

Payroll 97