Skip to content
CH IMG

CH IMG

General Blog

Primary Menu
  • Finance
  • Health
  • Travel
  • Auto
  • Business
  • Law
  • Food
Watch
  • Home
  • Business
  • Quick Guide: What You Need To Know About Certified Payroll Reports
  • Business

Quick Guide: What You Need To Know About Certified Payroll Reports

Dom Danny October 15, 2019
New Post

Construction company owners who have just won a bid for their first government project are most likely confused with certified payroll reports. Since it is ill-advised to even bid on a federal-sponsored project without knowing about the Davis Bacon Act, it might be time for a crash course. Here are the basics of a certified payroll all businesses should know about before bidding for a government project:

What Is A Certified Payroll Report?

Another name for this type of report is federal form WH-347. This certified report should be sent to the overseeing government agency once a week and it must include all updates and changes. The report must include the list of all employees, their wages, all the benefits they are entitled to receive while employed, the work they have done, as well as the hours they have completed for the week.

The document must also show all the withholdings, the gross wage amount, and most importantly, the report must have a signed statement of compliance from the contractor.

How The Report Becomes Certified

The only requirement for the report to be deemed certified is the statement of compliance. This piece of paper indicates that all forms are complete and correct. It certifies that all employees receive their prevailing wage based on local laws.

The compliance documents should be signed by the head of the payroll or by the owner of the company because it signifies that they understand and acknowledge the possible consequences for willful falsification.

Common Certification Mistakes To Avoid

The Davis Bacon compliance software ensures that all documents sent to the overseeing agency are correct and up to date. However, if your company wants to double check for errors, here are the most common and costly ones:

Mistake #1: Thinking All Payroll Formats Are The Same In All States

A company that does out of state contracts with the government should pay attention to local form formats and requirements. The Davis Bacon Compliance Software does short work of this by scanning updated databases for all local documentation requirements. Take note that some state will require several forms that may or may not include electronic files.

Mistake #2: Certified Payroll Professionals Are A Must

Although the work of a CPP is very helpful, they are not a requirement. Some updated software are able to create an accurate report without the help of a CPP.

Mistake #3: Failing To Update Forms

Laws are constantly changing which means the Davis Bacon Act can also change and the amount for prevailing wage in an area is bound to increase over time. Relying on old forms can cost your construction company a lot of money so it is in your best interest to continuously update the forms you use for business.

Don’t make these simple, yet costly mistakes ever again. Use software that is specifically programmed to scan all databases to ensure your business complies with the current and local DBA. This way, you are guaranteed to always be on the right side of labor laws, no matter where your project is located. Suggested: Learn how to file a DBA anywhere in the U.S.

Continue Reading

Previous: 11 Secrets To Unpacking Like A Pro After Moving To A Corporate Apartment
Next: How Counseling Can Help You Deal With Blended Family And Step Parenting Issues

Related Stories

amazon agenc
  • Business

Elevating your brand with a full-service amazon agency

Teresa sobo October 23, 2024
  • Business

Preparers of Reserve Study: Professional Engineer Vs. Reserve Specialist

admin October 16, 2024
HealthInsuranceAgent
  • Business

The Benefits of Financial Coaching from a CPA

Dom Danny June 4, 2024

Categories

  • Art
  • Auto
  • Beauty
  • Business
  • Casino
  • Dating
  • Education
  • Entertainment
  • Fashion
  • Featured
  • Finance
  • Food
  • Gifts
  • Health
  • Home
  • Industrial
  • Insurance
  • Internet Marketing
  • Law
  • Lifestyle
  • Music
  • Pet
  • SEO
  • Shopping
  • Sports
  • Storage
  • Tech
  • Travel
  • Treatment
  • Wedding

Trending News

How Analysts Evaluate Upcoming IPOs Upcoming IPOs 1

How Analysts Evaluate Upcoming IPOs

May 30, 2025
From Strips to Modules: Inside the Backbone of Modern LED Lighting Supply Chains led strip lights 2

From Strips to Modules: Inside the Backbone of Modern LED Lighting Supply Chains

May 27, 2025
Tips for Designing an Ideal Koi Pond pond filter 3

Tips for Designing an Ideal Koi Pond

May 23, 2025
Breaking Boundaries: How Sex Games Can Help You Explore New Fantasies 4

Breaking Boundaries: How Sex Games Can Help You Explore New Fantasies

May 6, 2025
Everything You Should Know Before Trying VELO Nicotine Pouches VELO Nicotine Pouches 5

Everything You Should Know Before Trying VELO Nicotine Pouches

May 3, 2025

You may have missed

Upcoming IPOs
  • Finance

How Analysts Evaluate Upcoming IPOs

Paul Petersen May 30, 2025
led strip lights
  • Home

From Strips to Modules: Inside the Backbone of Modern LED Lighting Supply Chains

Sheri Gill May 27, 2025
pond filter
  • Home

Tips for Designing an Ideal Koi Pond

Sheri Gill May 23, 2025
  • Dating

Breaking Boundaries: How Sex Games Can Help You Explore New Fantasies

Sheri Gill May 6, 2025
  • Get in Touch
  • About
© 2024 Copyright by ch-img.com. All rights reserved. | MoreNews by AF themes.