How do certified Payroll services work?
Projects that are publicly funded typically require the contractor to pay a prevailing wage (Davis-Bacon wage) rate for workers on the job. Then, for each payroll period, the contractor must create a certified payroll report that shows the wages paid to each worker. The reports must be printed and signed by an authorized official of the company to certify accuracy.
Vigil Payroll services remove the burden of running your payroll in-house. A service simplifies the process for you and calculates payroll, pays employees, files payroll taxes and keeps up with IRS changes.
QuickBooks data setup and entry
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud based version that accept business payments, manage and pay bills, and payroll functions.
QuickBooks Certified Payroll reporting is a substitute for the federal form WH-347. It lists information about the company and the project, the employee's name, last four digits of their Social Security number and job classification. It also shows hours worked by each employee, rate of pay, gross wages, deductions and net pay.
In-House vs. Vigil Payroll
You’ll need to calculate wages and adjust for any bonuses, overtime hours and missed work.
Pay and file your quarterly 941 tax return and your annual 940.
Keep up with changing payroll taxes at the federal, state and local level to avoid fines.
Send in withholdings for health insurance, 401(k), workers’ comp and others.
All wage deductions and withholdings are automatically done for you—simply enter your employees’ hours and pay rate.
Federal, state and local payroll taxes are calculated, paid and filed on your behalf
Why VIGIL Payroll
- Vigil payroll service simplifies the process for you and calculates payroll. Provides certified payroll report quarterly.
- It’s all, allowing us to pass the savings to you, saving you up to 50% over traditional services.
- All of your payroll taxes are paid and filed for you—with satisfaction guaranteed.