Turn Compliance into a Competitive Advantage
Government contractors operate in a complex and highly regulated environment.
Compliance reporting has several “moving” performance pieces, some of which may change over the life of the contract. Contractors that don’t stay on top of their compliance are putting themselves at serious risk.
Ensuring proper reporting by employee, by hours worked, by benefit elected is just the tip of the iceberg. You’ve also got to consider/watch:
- Place of Performance Changes
- Fringe Rate Adjustments
- Inaccurate Wage Determinations
- Paid Sick Leave
- Incorrect Job Classifications
2018-19 Health and Welfare Fringe Benefit Rate Adjustment
The Department of Labor announced new fringe rates for the 2018-19 contracting year, effective July 11th, 2018.
The #1 reason leading to a DOL audit…
is an unhappy employee who doesn’t know/understand their wages and benefits calling the DOL complaint hotline (866-487-9243).
Did you know… with as little as two days’ notice, a team of DOL investigators can be onsite to review your company records and interview up to 20% of the workforce?
DOL investigators can ask for data on all individuals employed during the past two years, including names, addresses, telephone numbers, pay rates, job titles, and exempt status
In recent years new government regulations have focused on tighter compliance. Government contractors can’t afford to not be on top of compliance because the cost of noncompliance can be detrimental.
- Fines and/or withholding of payments
- Contract termination
- Future contract consideration
- Debarment from all government contracts (3 years)
Guaranteed compliance with full DOL audit support and 24/7 access to fringe/benefit information for both employees and employers.
Reduce G&A and Overhead
Our fees for compliance and benefits administration can be deducted directly from the fringe dollars.
As a Service-Disabled Veteran-Owned Small Business (SDVOSB) AXIM can fulfill set-aside credit requirements.
Our Contractors Choice Plan offers better benefits that protect workers and their families- all paid for with fringe Dollars.
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See how we can transform the way you do compliance!