Certified Payroll and Certified Payroll Reporting Explained by Payroll4Construction

Navigating the complexities of certified payroll and certified payroll reporting can feel overwhelming for a construction business owner, like traversing a complex construction site. 

However, Payroll4Construction is here to guide you through this intricate process, ensuring compliance and avoiding costly pitfalls.

What is Certified Payroll?

Certified payroll is a federal payroll report that contractors and subcontractors working on federally-funded construction projects must submit weekly using Form WH-347. This report lists every employee, their wages, benefits, work classification, hours worked, withholdings, and gross wages. 

Even if work is temporarily halted, you must file this certified payroll report with the U.S. Department of Labor each week.

Certified Payroll Reporting: A Requirement of the Davis-Bacon Act

The requirement for certified payroll reporting stems from the Davis-Bacon and Related Acts, which ensure fair compensation for workers on public works projects.

If your business holds a federal contract exceeding $2,000 for the construction, repair, or alteration of public buildings or structures, you must comply with certified payroll reporting.

Prevailing Wage Laws and Certified Payroll

Certified payroll reports confirm that you are paying your employees the local prevailing wage rates, as mandated by the Davis-Bacon Act. 

Payroll4Construction can help you understand and comply with these prevailing wage laws, ensuring that your employees receive at least the established wage rates and fringe benefits for their respective work classifications in your geographic area.

Mastering Form WH-347: Certified Payroll Report Requirements

At the heart of certified payroll reporting is Form WH-347, which can be complex and confusing. Payroll4Construction can guide you through the intricacies of this form, ensuring accurate and compliant reporting. Key sections include:

- Company and project information

- Payroll number, date, and weekly calendar

- Detailed employee payroll data (name, work classification, rate of pay, hours worked, gross wages, deductions, and net pay)

- Statement of compliance, certifying the accuracy and completeness of the report

Streamlining Certified Payroll Reporting with Payroll4Construction

While anyone can complete a certified payroll report, the process can be time-consuming, error-prone, and overwhelming, especially for businesses with multiple employees and projects. Payroll4Construction offers expert guidance and solutions to streamline your certified payroll reporting process:

- Best practices for organization and record-keeping

- Leveraging technology and automation to reduce errors and save time

- Ensuring compliance with state and federal prevailing wage laws

- Avoiding costly mistakes and penalties for non-compliance

Don't risk contract termination, back wages, or legal consequences due to improper certified payroll reporting. Trust Payroll4Construction to handle your certified payroll and certified payroll reporting needs with expertise and precision, allowing you to focus on your core business operations.