Albuquerque contractors, payroll mistakes are costly—$500-$2,000 in fines for late W-2s or misfiled taxes can kill your margins. I’m [Your Name], a QuickBooks ProAdvisor and E&O-insured bookkeeper with a Master’s in Accountancy, and I’ve streamlined payroll for a 200-employee contractor, saving $10k+ in errors. Here’s how I help landscaping and construction firms like yours stay compliant in 2025: Automated Payroll: QuickBooks Online files taxes and W-2s on time, avoiding $5
Hey, Albuquerque contractors—if you're running a landscaping crew or construction fleet, mark your calendar for January 1, 2025. New Mexico's fuel excise taxes are getting a bump, and it's gonna sting if you're not prepped. We're talking an extra 2¢ per gallon on gasoline and diesel, pushing the state gasoline tax to $0.19/gallon and special fuels (like your diesel rigs) to $0.25/gallon. That's per the NM Taxation & Revenue Department—vendors pay it, but guess who feels it? Y
Albuquerque builders, if you're submitting AIA G702/G703 pay apps, one tiny slip-up on the G703 Continuation Sheet could delay payments by 30 days—and cost you $5k in cash flow per job. From my days as Director of Finance at Green Summit Landscape (200 employees, $18M ops), I saw it tank crews: 90% of contractors botch Line 7 on G703. That's the "% Complete" column where you detail work done per line item. Overestimate? Architect rejects the app. Under? You leave money on the
Construction crews in Albuquerque—holidays are here, but so is the overtime (OT) trap. New Mexico follows FLSA: 1.5x pay for hours over 40/week, no daily limit. But with NM's minimum wage at $12/hour (2025), a 10-hour holiday Saturday push? That's $180 OT for one worker—x10 crew = $1,800 hit if miscalculated. Worse: Recent FLSA tweaks blocked the salary exemption hike (stuck at $844/week for execs), so more of your foremen qualify for OT. Miss it? Fines up to $2k per violatio
