When a contractor makes the move from residential/commercial construction projects to government-funded construction projects, which have certified payroll reporting requirements, it can be overwhelming for the contractor, their office staff, and the accounting professionals who support them. This often complex requirement can lead to major problems, including denial of payment, non-approval of payment requisitions-including change orders and claims, and contract termination.
This fast-paced 90-minute high-level overview focuses on the Federal WH-347 reporting requirements, which then can be translated to State specific prevailing wage mandates. Certified payroll expert Nancy Smyth will explain the important details you need to know to comply with certified payroll requirements on your government-funded construction project. Don’t get caught in a prevailing wage nightmare; learn the ins-and-outs of certified payroll requirements and get your questions answered!
- Discover how to comply with Labor Standards & Payroll Reporting requirements
- Understand the difference between Federal Davis-Bacon vs. state prevailing wage forms and which form applies
- Identify “electronic or online” certified payroll filing requirements
- Learn how to complete a Federal WH-347 Certified Payroll Report & Statement of Compliance and apply this knowledge to state specific requirements
- Learn various ways contractors pay the prevailing wage fringe benefit portion and how to report them on the final reports
- Methods for tracking employee time and work classifications
- Requesting additional “trade/work classifications” and wage rates
- Identify typical errors that require correction & what happens when things go wrong
- Learn common methods for creating Certified Payroll Reports, Statements of Compliance, EEOC, ARRA and Fringe Benefit Reports
- Automating these time-consuming, error-prone tasks
- Don’t forget to include your subcontractors!
- And much, much more!
Nancy Smyth, Sunburst Software Solutions, Inc.
Nancy Smyth has been working with commercial/government construction contractors for more than 20 years, with her primary focus being contractors using QuickBooks Financial Software who must adhere to ever-changing prevailing wage laws. As President of Sunburst Software Solutions, Inc., she is a key player in the development of several QuickBooks Add-Ons for the construction industry. She is also the author of the QuickBooks for Contractors blog.
Who Will Benefit
Contractors who are currently (or are interested in) contracting with the federal government, and who want to better understand and improve their certified payroll processes. Certified payroll is everyone’s business; gather your whole team, including: owners, estimators, controllers, CFO’s, payroll processors, office managers, accounting & consulting professionals as well as union and non-union contractors. Get ahead of the curve – register your team today!
This Course is Eligible for Continuing Professional Education Credit (CPE)
CPE Credit: 1.5 hours
Advance Preparation: None
Course level: Basic
L2 Federal Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
Continuing Legal Education (CLE) Credits
CLE requirements vary by state. If you would like to receive CLE credits for this webinar please contact customer service at (202) 238-9597.
Policy on Refunds and Cancellations
Your satisfaction with this training program is guaranteed. If you encounter difficulties prior to or during a course, please contact customer service at (202) 238-9596. If you are dissatisfied with a course for any reason, you may receive credit toward a future course or a full refund. In the event that this course is cancelled, participants are notified immediately via email and offered a full refund. If the course is rescheduled, participants have a choice of a full refund or having their registration transferred to the new date.