Here are some of the most common mistakes you should be mindful of and do your best to avoid. By following WH-347 instructions carefullyand avoiding common mistakes, contractors can maintain compliance, avoidpenalties, and streamline their reporting process. Using a samplecertified payroll report as a guide makes the process easier.
What is certified payroll?
If your company is the main contractor, you should submit the certified payroll report to the federal agency contracting the project. Besides filling out the WH-347 form, as a contractor or subcontractor, you must fill out and submit a statement of compliance that confirms the payroll report you’re filing is complete and free from errors. Short for ‘wage and hour form 347,’ it includes information such as the name of the workers hired for the project and their work classifications, hours worked and deductions. The report ensures your workers are paid the average rate Payroll Taxes for workers in their particular occupation. The reports ensure fair pay, support worker rights, and confirm Davis-Bacon compliance for federal projects. Each submission acts as a formal statement that workers received appropriate compensation according to prevailing wage determinations.
See How We Can Save You Time and Money Through Compliance
Watch the video to see how this time-saving solution can benefit you. Generate certified payroll reports — and send them where they need to go — directly from the Certified Payroll Reporting® system. In this article, we demystify the certified payroll reporting process and explain all the important details. By the end, you’ll clearly understand the certified payroll process and feel confident applying for a government contract with the U.S. As mentioned, certified payroll reports serve as a safeguard https://www.bookstime.com/ against worker exploitation, and act as proof that your business is adhering to the DBRA.
How to Fill Out Form WH-347 for Certified Payroll Reporting
- Each classification must match the federally approved wagedetermination for that project.
- This also includes fringe benefits the worker receives, such as benefit plans, funds or programs.
- Compliance involves both paying appropriate wages and documenting that payment through certified payroll reports.
- This guide explains the rules, challenges, and ways to streamline it.
- Want a complete guide with even more detail than the information below right?
- The certified payroll requirements apply to both contractors and subcontractors.
Successful completion of the course demonstrates advanced knowledge in payroll processing, tax regulations and compliance. If you need assistance administering certified payroll for your business, you can get professional help from a payroll software provider. If they offer certified payroll, they can help you fulfill certified payroll requirements. Effective certified payroll solutions work with contractors’ existing payroll processes rather than replacing them.
Any contractor provider can complete and submit a certified payroll report. Navigating certified payroll can feel like traversing a construction site with many hidden pitfalls. The payroll forms, reports, and filing processes can be time-consuming for contractors and subcontractors. When federal and state requirements apply to the same project, contractors must satisfy both sets of obligations.
- It requires a company representative’s name and title, as well as an explanation of any exceptions affecting the certified payroll, such as a tax-exempt employee.
- Have you been looking for a simple online solution to certified payroll reporting?
- This guide walks you through the revised WH-347 form, explaining the new fields and clarifications while ensuring you remain compliant.
- Certified payroll is processed similarly to regular payroll, just with a few extra steps and calculations.
- The WH-347form provides a standardized way to report wages, ensuring fair payfor workers on public projects.
- Understanding Davis-Bacon prevailing wage requirements is essential for compliance.
You might also consider working with a certified payroll specialist to ensure you’re meeting the government’s requirements. Doing so can improve your quality assurance and standardize your payroll process. The best way to ensure your business complies with certified payroll reports the law is to utilize technology designed to help you with payroll. A payroll software solution can efficiently process your payroll, and it can help ensure you keep accurate, organized payroll records for at least three years.
What is wage hour form 347 (WH- ?
To ensure business owners who work on federal construction projects compensate workers fairly, they must pay their workers a specific pay rate. Their gross pay must be no less than the local prevailing wage rates for corresponding work on similar projects in the area. You may need to submit weekly payroll reports if your business works on federally funded projects.