Union Funds Are Reconciling: Are You Prepared?

"Hi, this is the benefit fund. We're showing a discrepancy in your Q4 contributions."

Your stomach drops. You know this call could lead to serious issues.

You quickly call your payroll company. They assure you they'll "look into it."

Three weeks later, what started as a small issue has ballooned into a costly problem. Suddenly, $ becomes $$$$ with penalties.

This is happening to contractors right now.

Common Reasons for Discrepancies

Why does this happen?

There are several reasons for discrepancies in your contributions:

• Wrong Classifications: Misclassifying employees can lead to incorrect contributions.

• Missed Contributions: Sometimes, contributions are overlooked entirely.

• Errors Found Late: Many errors go unnoticed until December, causing headaches.

  
  

One mistake can lead to months of corrections and hefty penalties.

How We Can Help

We solve it:

• ✓ Real-time validation

• ✓ Reconciled to the penny

• ✓ Zero union fund penalties

  
  

Funds don't call us. We ensure accuracy.

The Importance of Accurate Payroll Management

Managing payroll accurately is crucial for any contractor. Errors can not only lead to financial penalties but also damage your reputation. You want to maintain a good standing with your union and ensure your employees are properly compensated.

Benefits of Real-Time Validation

Real-time validation helps catch errors before they escalate. This proactive approach saves you time and money. You can focus on your projects instead of worrying about payroll discrepancies.

The Impact of Penalties

Penalties can add up quickly. A small mistake can turn into a significant financial burden. By ensuring your payroll is accurate from the start, you can avoid these pitfalls.

Take Action Today

Switch this week:

→ $10K credit per $1M payroll per Qualified Contractor

→ One-time credit paid in the first week of the payroll run after onboarding.

Start here with a quick call: https://bit.ly/3IJKYNS

Conclusion

Don't let payroll discrepancies ruin your peace of mind. By taking proactive steps, you can ensure your contributions are accurate and avoid costly penalties.

Remember, accurate payroll management is key to your success. Let us help you navigate the complexities of payroll and HR solutions tailored for your needs.

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