Sub Specialty Contractor

  • 1.  Davis Bacon Deductions

    Posted 06-06-2022 22:14
    We don't do a lot of Davis Bacon projects.  Interested in talking to someone regarding what things can be deducted from fringe benefits paid to employees.  Any advice would be appreciated.

    Brett Taft
    brett.taft@jtelectric.com 


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    Brett Taft BS,MBA
    JT Electric
    Murray UT
    (385) 249-5555
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  • 2.  RE: Davis Bacon Deductions

    Posted 06-07-2022 08:24
    We don't do a lot either, here is what I have seen as approved deductions. 
    Health Insurance (employer paid portion - must not include any that employee is contributing)
    PTO (or vacation/ sick, however you figure)
    Holiday (if paid)
    Training (must have backup records as proof if audited)
    401k (match portion, if paid)
    Bonus/Profit sharing (if can verify through pay records)

    Here are benefits that a company may provide, but I have been told is NOT allowable fringe deduction.
    Vehicle
    Travel expenses
    Cell phone

    Maybe someone with more experience can chime in.


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    Nicole Daniels
    Kasten Insulation Services, Inc.
    Portage MI
    (269) 327-0502
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  • 3.  RE: Davis Bacon Deductions

    Posted 06-08-2022 09:10
    I have used holiday pay, vacation pay, employer portion of health, dental & vision.  We were not allowed to use our IRA match, as that must be paid at least quarterly and we did our match at the end of the year calendar year.

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    Jackie Peterson
    Accountant
    Sun Electric
    Fargo ND
    (701) 281-9140
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    Original Message


  • 4.  RE: Davis Bacon Deductions

    Posted 06-07-2022 11:10
      |   view attached

    Here is some information that we have received...  We do deal with fringe as cash.

     

    Carrie Stone, Vice-President of Finance

     

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    Attachment(s)

    pdf
    Copeland Act Permissible Deductions.pdf   176 KB 1 version


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