We have recently had clients requesting their certified payroll reports, not to be confused with our name Certified Payroll Advisors. Certified payroll refers to a type of payroll documentation that is commonly used in government contracts and public works projects. It is a document that provides detailed information about the wages, benefits, and other compensation paid to employees who have worked on a particular project.
Certified payroll is required by some state and federal laws and regulations, including the Davis-Bacon Act and the Service Contract Act. These laws require contractors and subcontractors to submit certified payroll records to the government agency overseeing the project.
Certified payroll records typically include information such as the employee’s name, job classification, hours worked, rate of pay, and any deductions or withholdings made. They may also include information about fringe benefits, such as healthcare or retirement benefits, that are provided to the employee.
The purpose of certified payroll is to ensure that workers on public works projects are paid fair wages and benefits as required by law, and to prevent fraud and abuse in the payment of wages.
Processing certified payroll involves several steps, including:
- Collecting employee data: You need to gather employee data such as names, job classifications, Social Security numbers, hourly rates, and fringe benefits.
- Tracking time worked: You must track the hours worked by each employee on the project, as well as any overtime, vacation or sick time taken.
- Calculating pay and benefits: Using the employee data and time worked, you can calculate the gross pay, deductions, and fringe benefits for each employee.
- Creating the certified payroll report: You need to create a report that includes all of the information required by the applicable laws and regulations. This may include the employee data, time worked, pay rates, deductions, and fringe benefits.
- Submitting the report: You must submit the certified payroll report to the appropriate government agency by the required deadline.
It’s important to note that the specific requirements for processing certified payroll can vary depending on the project, location, and applicable laws and regulations. It may be helpful to consult with a representative at Certified Payroll Advisors, we are able to to help you navigate the process of reporting. Just click here and Contact Us or call us directly at 772-208-9655