Certified Payroll Reports -- Mistakes to Avoid
Submitting weekly certified payroll reports can be a time-consuming task; making mistakes on these reports will lead not only to frustration and more time spent fixing them, but also put your company's good standing in jeopardy.
If you are required to file certified payroll reports, you will become quite familiar with U.S. Department of Labor's Forms WH-347 and WH-348. According to their own estimates, these forms will take about an hour to complete for a hypothetical job with eight employees. Avoiding the following mistakes and submitting the reports properly the first time will benefit you all around.
It is in your best interest to avoid these mistakes; not only will you avoid extra paperwork and ensure timely payments, but if you continue to violate these requirements you may be disbarred: you will not be allowed to bid on or perform work on prevailing wage projects for up to three years. In addition, it may be a real detriment to have a checkered past with regard to these reports; when bidding on new work you may be passed over in favor of another company without any issues in this area.
More information on Certified Payroll Reports
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