Ask Me Anything – 10 Common Questions about Certified Payroll

Ask Me Anything – 10 Common Questions about Certified Payroll

Certified Payroll/Prevailing Wage
Below are the 10 most common questions I’m asked just about every week about certified payroll and their answers. While these question commonly come from QuickBooks users the answers provided will apply to anyone who has to deal with the complexities of prevailing wage reporting. 1. I have to submit the Federal WH-347 form, how do I report the fringes that my company pays to the union hall? The Federal form only requires that you report payments of cash in lieu of fringe benefits (or fringe dollars that you pay to the employee as part of gross wages for the week) – NOT fringes you pay to the Union Hall on behalf of the employee. For fringes paid to the Union Hall, check box 4(a) Where Fringe Benefits are paid…
Read More
Are Your QuickBooks Payroll & Certified Payroll Processes Efficient?

Are Your QuickBooks Payroll & Certified Payroll Processes Efficient?

Certified Payroll/Prevailing Wage, Payroll Tips, QuickBooks Add-Ons, Webinars & Training
QuickBooks Payroll and Certified Payroll processes really need to be efficient in order for a business to be successful.  When one of your businesses largest job expenses is payroll, you need to: pay your employees correctly and on time to keep them happy, make sure that those payroll costs are part of your accounting system so those costs are included in job costing reports, and you need to submit your certified payroll reports accurately and in a timely fashion in order to be paid. Yes, it's a vicious cycle! Ask any business owner how efficient he thinks his payroll and certified payroll processes are and I'm betting he'll either say "oh they are very efficient" or "they could be better".  Ask his payroll clerk who is dealing with a lot…
Read More
Weekly Wrap-Up: News You Can Use 7/20/2012 – 7/26/2012

Weekly Wrap-Up: News You Can Use 7/20/2012 – 7/26/2012

News You Can Use
Weekly wrap-up of news and information from around the web – there’s so much information out there that it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. I’ll try to be consistent and organize the information into the same categories each week It's been an insanely busy week here and I didn't get to spend as much time on the internet surfing and reading as I normally do. Accounting & Taxes Why was my voice not Heard by The AICPA? https://t.co/I5J9NqCw -> Doom Awaits the Student Loan Defaulters https://t.co/Ce3JEqGu via @bruce_taxguy -> An IRS Audit..and They Require…
Read More
Weekly Wrap-Up: News You Can Use 7/13-7/19/2012

Weekly Wrap-Up: News You Can Use 7/13-7/19/2012

News You Can Use
  Weekly wrap-up of news and information from around the web – there’s so much information out there that it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. I’ll try to be consistent and organize the information into the same categories each week.   (Technorati claim token 3JSYVT43VAMQ). Accounting & Taxes Oregon Tax Scam Could Have Been Much Bigger| AccountingWeb | https://t.co/ZcFla7kn -> Do you need to file a tax return https://t.co/K0JwKyt3 via @bruce_taxguy -> Senate Republicans Vote Down Small-Business Tax Breaks : The World :: American Express OPEN Forum https://t.co/muNkjKLj via @OpenForum -> Should You Get an…
Read More
Weekly Wrap-Up: News You Can Use 6/8-6/14/2012

Weekly Wrap-Up: News You Can Use 6/8-6/14/2012

News You Can Use
Weekly wrap-up of news and information from around the web – there’s so much information out there that it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. I’ll try to be consistent and organize the information into the same categories each week. Accounting & Taxes ARTICLE: What to Look for in a Construction CPA https://t.co/UXOu0CU5 -> Planning Your Accounts Receivable Collections https://t.co/HtxlaiHg -> How the IRS Feels About Employer Provided Cell Phones https://t.co/NQ7wvv2q -> eBooks, Webinars & Videos eBook: Learn About AIA Billing & How To Fill Out an AIA G-702/G-703 https://t.co/Hc3jyNIn -> eBook: Payroll Mistakes. It's…
Read More
Weekly Wrap-Up: News You Can Use 5/25 – 5/31/2012

Weekly Wrap-Up: News You Can Use 5/25 – 5/31/2012

News You Can Use
  Weekly wrap-up of news and information from around the web – there’s so much information out there that it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything.   Look for the Weekly Wrap-Up: News You Can Use every Friday.  I'll try to be consistent and organize the information into the same categories each week. Accounting & Taxes In an effort to help Kansas City Siamese Rescue, L & R Tax Preparation is going to be offering tax p https://t.co/VWxCSEB7 -> IRS issues guidance on $2,500 health FSA contribution limit https://t.co/268MCUzQ -> Self-Proclaimed Alabama Governor Sentenced for Tax Fraud https://t.co/EOiWNZW5 -> ARTICLE: What to Look for in a Construction…
Read More
Weekly Wrap-Up: News You Can Use 5/18 – 5/24/2012

Weekly Wrap-Up: News You Can Use 5/18 – 5/24/2012

News You Can Use
  Weekly wrap-up of news and information from around the web – there's so much information out there that it’s difficult (at best) to keep up! I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything. Look for the Weekly Wrap-Up: News You Can Use every Friday. Accounting & Taxes There's a New Kind Of Tax Preparer In Town - https://t.co/9JKFLV41 Even in a divorce, tax planning is important: Excluding Residence Sale Gain: https://t.co/wcm3LZO8 Did you know you can subscribe to the IRS tax calendar? https://t.co/qOipaCuT Is Your CPA REALLY the Right Person to be Completing Your Tax Return? https://t.co/PirWQFHx -> Few Small Businesses Claim the Health Care Tax Credit : The World :: American Express…
Read More
Weekly Wrap-Up: News You Can Use 5/11 – 5/17/2012

Weekly Wrap-Up: News You Can Use 5/11 – 5/17/2012

News You Can Use
  There is so much news and information floating around the web – it’s difficult (at best) to keep up!  I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything.  Look for the Weekly Wrap-Up: News You Can Use every Friday. Accounting & Taxes  Employee Benefits Uncle Sam Won’t Tax : Money :: American Express OPEN Forum https://t.co/I4vCf3Wi via @OpenForum -> House Approves Mobile Workforce Tax Relief Bill https://t.co/wGReBHco via @sharethis -> Obama Announces Tax Break for Small Businesses : The World :: American Express OPEN Forum https://t.co/ciXYC8P6 via @OpenForum -> Thou Shalt Not Sin? - Tax & Business Counsel Newsletter via @TaxReturnCoach https://t.co/1mN9F9FN -> Credit for Small Employer Health Insurance Premiums https://t.co/HRKVhZIs -> Accounting as…
Read More

Weekly Wrap-Up: News You Can Use 5/4 – 5/10/2012

News You Can Use
  There is so much news and information floating around the web – it’s difficult (at best) to keep up!  I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything.  Look for the Weekly Wrap-Up: News You Can Use every Friday. Accounting & Taxes Foreign-bribery crackdown focuses on more than 100 companies https://t.co/I1N5EaOp -> IRS and Social Security Urged to Curb Tax Fraud and Identity Theft https://t.co/d7WO1ubM via @sharethis -> Reasonable-compensation standard creates tax risk for S corporation owners https://t.co/O1GMYyT0 -> Bookkeeping Quiz - Employer provided loans https://t.co/tRTSM1ua -> IRS to demand new reconciliations https://t.co/mHlmPonP -> Construction – Tools & Tax Tips https://t.co/ddQmuS1K -> eBooks, Webinars & Videos eBook: Hiring a Bookkeeper for your construction biz-Test…
Read More

Weekly Wrap-Up: News You Can Use 4/27-5/3/2012

News You Can Use
  There is so much news and information floating around the web – it’s difficult (at best) to keep up!  I’ve added a WordPress plug-in that grabs information from my Twitter stream to help me (and hopefully you as well) keep up with everything.  Look for the Weekly Wrap-Up: News You Can Use every Friday Accounting & Taxes IRS to Step up Audits of Sole Proprietors https://t.co/yXwtWsHG -> Chimpanzees and Charity - Tax & Business Counsel Newsletter via @TaxReturnCoach https://t.co/CEpZ8ppw -> IRS releases 2013 inflation adjustments for HSAs https://t.co/i58Sjl2U -> eBooks, Webinars & Videos eBook: Learn About AIA Billing & How To Fill Out an AIA G-702/G-703 https://t.co/Hc3o6nJh -> WEBINAR: Certified Payroll Reports - Learn how to fill them out https://t.co/Dkflvo5Z -> eBook: Getting Equipment Costs into QuickBooks Job Costing…
Read More

ASA Seminar Payroll & Tax Strategies for Public Works Contractors

Certified Payroll/Prevailing Wage, Construction News, Webinars & Training
  ASA (American Subcontractors Association) San Diego Chapter Seminar on Payroll and Tax Strategies for Public Works Contractors, May 8, 2012 1:30 - 3:30 p.m. PST, $55.00 Members/$85.00 Non-members - register here. I'm very excited to be working with Steve Kuzmack, President of Fringe Benefit Experts as we present a 2-hour seminar for the ASA San Diego Chapter on Payroll and Tax Strategies for Public Works Contractors.  Steve will be live, while I will be logging in remotely.  Come join us to learn:  Why cash is "KING"! and why Public Works Construction and Prevailing Wage projects require advanced financial planning methods and tools along with an understanding of the ever-changing compliance requirements -- so that you get paid on time! What You Will Learn Learn How: To reduce payroll taxes…
Read More

Certified Payroll Training Guide

Certified Payroll/Prevailing Wage, Webinars & Training
  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. Our 76+ page self-paced Certified Payroll Training Guide is a great "good old simple English" reference tool and provides information about answer such questions as: 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…
Read More