Beginning January 18, 2009, Prime/General contractors and subcontractors who perform federally funded construction projects no longer need to display the employee's home address and society on their certified payroll report form WH-347. The security number; instead, you now need to display the full name of the employee and the last 4 digits of his/her social security number, as follows XXX-XX-1234. This revision is intended to better protect the privacy and identity misappropriation of staff.
In view of the new reporting requirements, the primary/general contractor requires the subcontractor to provide the employee address and social security number for the primary/general contractor's own records, which does not violate 29 CFR 5.5[a][3][i], not every This information is included in the content submitted by the week.
The US Department of Labor - Salary and Hour Department and the Office of Management and Budget [OMB] jointly launched a new federal WH-347, which will be used from January 18, 2009 to December 31, 2011.
All projects funded by President Obama's stimulus package are required to pay sustained wages and submit certified payroll reports; even federally funded weathering projects have historically been unaffected by expected wage laws and certified wage reports. .
The Davis-Bacon Act of 1931 provides for the payment of "current wages"; the federal or federal government-assisted construction project exceeds $2,000.00 for the specific wages for each trade/work category established by the Department of Labor and Hours. Rate and fringe benefits. Buildings include alterations and/or renovations of public buildings or public works [including roads and bridges], including paint, decoration, plumbing, electrical, etc.
The Copeland Act [Anti-Kickback Act] stipulates that any employer who requires any employee engaged in a federal or federal assistance program to "rebate" any part of his wages commits an offence. It also requires each major/general and subcontractor to submit a weekly certified payroll report, starting with the first week of the contractor's work on the project and then submitting it weekly until the work is completed. If you temporarily interrupt your work, you must submit a "no job" payment.
The weekly WH-347-certified payroll form, consisting of two parts, is not a complex form and does not require you to be used as a business owner to pay any wages, taxes, and related items. You need to know:
- Information about your business [your company name and address, whether you are a primary/general contractor or a subcontractor].
- Project name, location and any identification item number [item location].
- The last 4 digits of each employee's name and social security number [who works for you].
- Each employee's trade or job classification [what they do].
- The number of hours each employee works each week [the time each employee works in a week and the number of hours they work].
- The rate at which employees expect a transaction/work classification [how much you pay for the work they perform].
- The total income of each employee [the amount each employee pays per job per week and all the work they do].
- How much tax is deducted from their salary, etc.
- The net amount paid to each employee [what is the actual wage they bring home].
Company officials must then sign a second page or compliance statement. This signature is "certified" because the person signing the report guarantees that the information reported is accurate.
The most common certified payroll statement used is the US Department of Labor Form WH-347 and Form WH-348 Compliance Statement, which is used and followed by 25 of the 50 states. In 14 of the other 25 countries, there will be one national agency responsible for overseeing the country's current wage laws, and 11 states with multiple national agencies overseeing the agency's current current wage laws and requiring electronic submission of certified wages. report.
Most contractor's questions ' experience, especially for contractors using popular accounting software [such as QuickBooks], although QuickBooks is able to track most of the information needed; it cannot track all the necessary information and generate forms in a specific format . This is often an obstacle to some contractors bidding on these types of projects.
Some QuickBooks users and accounting professionals believe that Intuit should include the ability to generate certified payroll reports and compliance statements in the Premier Contractor Edition, and is very dissatisfied with this capability not yet built. It would be a good idea and a legitimate request if only one certified payroll format is used in all states and managed by an existing payroll, whether the project is funded by the federal or state government, and whether the Premier Contractor Edition needs to be purchased. Each contractor submits these forms. However, this is not the case and may be the reason why Intuit does not include such features.
However, QuickBooks users and accounting professionals who use QuickBooks support customers should know that the QuickBooks integration application can leverage existing QuickBooks data to generate not only certified salary reports and compliance statements, but also other reports; all of which are ready." Signature" and submit.
There are four QuickBooks integration applications that generate certified payroll reports, compliance statements, "no work" execution invoices, EEOC/labor/personnel reports, and alliance/real plan additional benefits reports, two of which have been approved Strictly tested by a third party employed by Intuit, can be found by visiting the Intuit Marketplace at http://marketplace.intuit.com/v2/i-construction-contractors/f-payroll/software-solutions.aspx.
Each of these programs uses different QuickBooks data; some require you to enter the same data in both programs, which is not good; others simply enter information that QuickBooks cannot track, directly from QuickBooks. The rest of the information is read in the file so that you do not need to copy or enter the same data multiple times. Each program has a different pricing structure [remembering that it's cheaper and not always better] and will offer different features, such as the ability to generate electronic requirements, generate custom alliances/real plans for additional benefit reports, and Generate capabilities for federal, state, and local EEOC/labor/personnel reporting.
Make sure you thoroughly investigate each program, take advantage of the free trial [if available], and make sure you understand how to get updates when a form revision or report request changes, whether there is an implied fee, whether you need to purchase an additional license for each Whether the user needs to pay an annual fee to keep your software up-to-date, whether the system can handle multiple transaction/work classifications for each employee, and whether the system can handle multiple payment rates [direct time, overtime, double time, Triple time]] For each job category, can the program generate a state form and automate the electronic application, in addition to the federal form? Be sure to make sure before you buy.
Payroll is often complex and critical to the success of your business. The additional requirements for generating a certified payroll report make accurate record keeping essential. If you use QuickBooks, purchasing the QuickBooks integration app will save you time, improve accuracy, eliminate duplicate data entry, eliminate transposition errors, and may prevent you from having to hire someone whose job is to manually generate these reports. All of this will affect your cash flow and the overall success of your company.
Orignal From: US Department of Labor Revises Certification Payroll Report Requirements for Form WH-347
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