The phone call came on a Tuesday afternoon: a contractor friend learned he owed $47,000 in back wages, overtime, and penalties. His crime? Treating workers as 1099 independent contractors when they should have been W-2 employees. The Department of Labor had been watching, and his documentation couldn’t withstand scrutiny. This scenario remains disturbingly common across the construction industry. With mandatory W-2 overtime reporting now required under the new Box 12 Code TT

When it comes to the construction industry, managing finances and bookkeeping can often appear as an uphill battle. However, with...

Construction businesses differ from other businesses in that they must deal with liquidity issues that other businesses do not face. It...