131: Certified Payroll – The Davis Bacon Act
Davis Bacon Act – Just another stupid federal law with major unintended consequences like pricing out smaller contractors and taxpayers overpaying for services. Today I wanted to discuss certified payroll and how it differs from your normal everyday payroll practices. First of all, what is meant by certified payroll? Generally speaking, certified payroll occurs whenever…
Local and/or state specific certified payroll requirements are more complicated than Federal requirements. For example, let’s take California. In California there are several paper forms that could be required, plus there are electronic reporting requirements as well.
While most payroll services “should” be able to produce the certified payroll reports – they do not, or if they do they are not cost effective and do not interface with any electronic reporting requirements.
Nancy,
Thanks for your input. We will take a look at your software since it’s good to know what solutions are out there. Oh, and thanks for listening 🙂
Kind regards,
Tom Lindsay, CPCU