Certified Payroll

Certified Payroll Compliance

Any company that works as a contractor or subcontractor on a construction project funded by the federal government (a public works project) must submit weekly certified payroll records and abide by prevailing wage laws. These measures ensure that companies are fairly compensating their employees and meeting local, state, and federal laws, including the seminal Davis-Bacon Act of 1931. 

Our Services

Managing certified payroll processing, compliance and reporting is a complex and time-consuming process. That’s why we offer comprehensive certified payroll services to support all of the following:

• Accurate and Timely Payroll Processing – Specialized requirements for certified payroll make managing calculations, withholdings, filing and recordkeeping especially complicated. Exact Payroll offers an intuitive and automated payroll solution that ensures ongoing compliance, reduced administrative burdens, and timely & accurate pay for your employees.

• Detailed Certified Payroll Reporting – Keeping job classifications, wage rates, and employee data organized is a challenge with an in-house or disjointed digital process. We ensure your certified payroll reports are submitted on time, accurately, free of missing information, and in compliance with all local, state, or federal laws that apply to your business.

• Electronic Submission to Government Agencies – Electronic submission of certified payroll reports and other key data expedites and simplifies the review and filing process for you and the collaborating federal contracting agency. We ensure your reports are generated digitally and arrive on time with all of the information required for legal compliance and efficient processing. 

• Fringe Benefits Management and Prevailing Wage Calculations – It’s common for manually managed certified payroll reports to contain withholding and benefits-related errors. We ensure your prevailing wage rates are accurate and consistently calculate for fringe benefits like health insurance, retirement contributions, and more.

• Ongoing Support and Compliance Updates – Exact Payroll builds compliance measures into your payroll platform, providing internal compliance audits, compliance law updates, and even support with compliance training for employees so your business stays informed and in alignment with fluctuating labor regulations.