Certified payroll reporting is complex at best and I’ve just finished updating our Certified Payroll Training Guide to include the new requirements for the Federal WH-347 form.
Making the move from residential or commercial construction projects to government-funded construction projects – which have certified payroll reporting requirements – can be an overwhelming task for contractors, their office staff, and the accounting professionals who support them.
- What is Certified Payroll?
- Who makes the laws governing certified payroll reporting requirements?
- How do I or my client comply with Labor Standards & Payroll reporting requirements?
- What information has to be reported on the certified payroll reports?
- How do I know how much to pay my employees?
- What is the fringe benefit portion of prevailing wage?
- Which report must I complete and submit
The purpose of this eBook is to help everyone {contractors, QuickBooks users, Certified QuickBooks ProAdvisors, bookkeepers, CPA’s, and Enterprise Solutions Providers who support users of QuickBooks Financial Software} to understand the complexities that Contractors who perform work on Federal and/or State funded construction contracts face and the payroll reporting mandates that are involved with these projects.
Certified Payroll Reporting requirements are complex and involve Federal and State specific paper reports, electronic filing of certified payroll forms, submission of Union/bona-fide fringe benefit reports, EEOC/Work Utilization Reports, as well as ARRA Reports.
This eBook defines the reporting mandates of the US Department of Labor’s WH-347 Certified Payroll Report and WH-348 Statement of Compliance (which are effective January 31, 2012 through January 31, 2015). Please be aware that there are currently (as of March 1, 2012) 31 states that have their own specific requirements and/or electronic filing requirements which have all been derived from the original mandates published by the US Department of Labor, which are explained in this eBook.