QuickBooks for Contractors blog » prevailing wages

Frequently Asked Questions – California Prevailing Wage

Nancy Smyth — Fri, 23 Jul 2010 11:00:08 +0000

California's prevailing wage laws and certified payroll reporting requirements can be mandated by any of the following agencies or organizations, each with their own unique set of reporting requirements. The California Department of Industrial Relations (DIR) and the filing of Form A-1-131, Department of Transportation (CALTRANS) and the filing of a modified WH-347 form, the U.S. Department of Labor and the filing of a standard WH-347 Form, Electronic filing requirements through the use of LCPtracker, TRS Consultants, and/or Elation Systems, Inc. D-BAS Labor Compliance Software, Additional "paper filing requirements" by Labor Compliance Organizations, such as, Golden State Labor Compliance, LLC or [Read the full article...]

Calculating & Displaying Fringe Benefits on a Certified Payroll Report

Nancy Smyth — Mon, 12 Jul 2010 11:00:51 +0000

In recent months, I have repeatedly seen posts from QuickBooks users on the Intuit Community Forums asking how the fringe benefit rate is calculated and then displayed on the Certified Payroll Report in Excel, which is now a standard function of QuickBooks Premier and Enterprise when used in conjunction with Enhanced Payroll, and I really haven’t seen any good [Read the full article...]

The History of Prevailing Wage

Nancy Smyth — Fri, 02 Jul 2010 11:00:57 +0000

Bacon, a former banker, explained the need for the law when he detailed for his legislative colleagues how an out-of-state construction firm paying extremely low wages transported thousands of unskilled workers hundreds of miles to toil on a public project in New York - “They were herded onto this job, they were housed in shacks, they were paid a very low wage, and [Read the full article...]

QuickBooks Question – Tracking Prevailing Wage Fringe Benefits

Nancy Smyth — Thu, 01 Jul 2010 11:00:31 +0000

We were just awarded a contract with the Department of Defense and have to pay our employees "prevailing wage" and submit certified payroll reports. I called Intuit Support to ask them about prevailing wage, certified payroll, and how to track the fringe benefits; they weren't very helpful - they just told me that QuickBooks can produce the certified payroll report.......can you help me understand all [Read the full article...]

QuickBooks Tips Payroll Mistakes – It’s NOT As Easy As 1-2-3! Part 4

Nancy Smyth — Thu, 27 May 2010 10:00:26 +0000

The consequences of some payroll mistakes are more serious than just incorrect paychecks. Below are 5 Common Payroll Mistakes that can occur all year [Read the full article...]

QuickBooks Tips – Contractor Needs – Part 3

Nancy Smyth — Thu, 20 May 2010 10:00:02 +0000

Gerry has overhead costs, employees, specialized equipment, company vehicles, materials, subcontractors, retainage, percentage of completion billing, and more that he needs to take into consideration when estimating. He works mostly on prevailing wage jobs, where he has to pay his employees a much higher rate of pay plus fringe benefits with a few private jobs - he isn't a union shop; so he is paying the prevailing wage fringe benefits in cash to his employees. Billing requirements for his jobs include Time & Materials and Percentage of Completion, where he needs to submit AIA billing forms and track retainage that he is owed and retainage he owes his [Read the full article...]

QuickBooks Tips – Contractor Needs Part 2

Nancy Smyth — Wed, 19 May 2010 12:00:49 +0000

Sam Subcontractor already uses QuickBooks, he has more complex job costing needs due to certified payroll reporting requirements, payments of prevailing wage fringe benefits and AIA billing. High overhead costs, specialized equipment, materials, labor charges are other things that must be taken into consideration.

QuickBooks Estimating, Job Costing, and payroll needs will vary depending on [Read the full article...]

U. S. Department of Labor Revises Certified Payroll Reporting Requirements for Form WH-347

Nancy Smyth — Tue, 28 Apr 2009 13:24:09 +0000

The Davis-Bacon Act of 1931 established into law the requirement for paying "prevailing wages"; a specific rate of pay plus fringe benefits for each trade/work classification that has been set by the Department of Labor - Wage and Hour Division, on federal or federally-assisted construction projects exceeding a value of $2,000.00. Construction includes the alteration and/or repair, including painting, decorating, plumbing, electrical, etc., of public buildings or public works - including roads and [Read the full article...]

Government stimulus projects include prevailing wage requirements

Nancy Smyth — Fri, 27 Mar 2009 18:10:58 +0000

The economic-stimulus package requires that workers on projects funded by the package receive "prevailing wages." Prevailing wages are similar to union wages and are typically higher than average wages in a county. The provision concerns some contractors who say it will drive up the cost of stimulus projects. However, labor groups support the prevailing wage provision and say higher wages will help the economy. Prevailing wage provisions require the submission of certified payroll [Read the full article...]