Employee Retention Tax Credit Revised Guidance and New Legislation Introduced: The IRS recently reversed its previous guidance and will now allow employers to treat qualified health expenses as qualified wages under the COVID Employee Retention Credit. You can view more on the IRS FAQs here. Also today, U.S. Representatives Stephanie Murphy (D-Fla.), John Katko (R-N.Y.), [...]
Helpful Tip of the Day – PPP Safe Harbor Date Extended to May 14th: The SBA released additional FAQs that extended the safe harbor date for companies to return PPP funds to May 14th AND stated that the administration intends to provide additional guidance on borrower certification and we are hoping this will help [...]
What's In: Prevailing Wage Expansion The most troubling piece of the budget includes an expansion of prevailing wage to private construction projects. At a time of great economic uncertainty, this budget fails all New Yorkers by increasing costs on employers and raising the price on new investment in our communities. The state budget included newly [...]
On Thursday, Cuomo declared a bill expanding a "prevailing wage" requirement that would apply to larger construction projects likely dead. The law would have expanded the definition of "public works" in New York to include projects receiving more than 30 percent of their funding from the government – making those projects eligible for the wage requirement. Powerful building trades unions, who are among Cuomo's most significant political supporters, had pushed the mandate this session.
Let’s not be fooled. Proponents of the expansion of prevailing wage are already doing great damage to taxpayers. They shouldn’t be allowed to ruin what little positive job growth we now have in New York.
The first class to complete the intensive 10-week, 40-hour construction training course offered by Jefferson Community College was celebrated at a recognition ceremony Friday at the Lewis County JCC Education Center.
For years, the city of Ogdensburg has struggled to gather funding for improvements to the wastewater treatment plant. Now, with the final financing pieces falling into place, the spendthrift City Council has voted to irresponsibly waste tens of thousands of taxpayer dollars to conduct a study to consider using a Project Labor Agreement: a discriminatory, pre-hire agreement with labor organizations requiring that the workforce comes from the local union hiring hall.
Construction contractors in New York continue to struggle to do business, according to 2018 state rankings released by Associated Builders and Contractors (ABC). “Building America: The Merit Shop Scorecard” reviews and ranks state-specific information significant to the success of the commercial and industrial construction industry.