Construction is a competitive industry! In today’s business world, contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. Salary, bonuses, incentives, and other fringe benefits options may get individuals in the door, but the problem remains: How to retain your talented employees as they move up the ranks?
Beginning with the 2016 tax year, the due date for filing Forms W-2 and W-3 with the Social Security Administration will be January 31, 2017, whether you are filing electronically or using paper forms.
Under current lease accounting standards, most leases are not reported on a lessee’s balance sheet and sometimes the amounts involved can be substantial. There are two types of leases—capital and operating. In a capital lease, the lessee recognizes an asset and liability on the balance sheet while under an operating lease, it does not.