Payroll and Subcontractor Payments: A Bookkeeping Guide for Construction Companies

If you run a construction business, you know how complicated payroll and subcontractor payments can get. Unlike a regular office job, your workers might clock in at three different job sites in one week. Pay rates can vary by skill level or project, and some states have specific requirements for overtime, taxes, and workers’ comp […]

CO FAMLI Payroll Tax for Contractors: What You Need to Know

The Colorado Family and Medical Leave Insurance (FAMLI) program is a state-mandated insurance program designed to provide paid leave for employees facing life events such as the birth of a child, a serious health condition, or caring for a loved one. While the program primarily impacts traditional employers and employees, many independent contractors and small […]

How To Pay Yourself as a New Business Owner?

When you started your business, you knew the first few months would be hard. You might even have planned to end your first year with a loss (hopefully not!). But when your business starts to grow and the money stays in the bank, it might be time to start paying yourself. Wohoo! But how is […]