I’ve always wondered this! Thank you guys for finally giving me an answer to this.
@manuelrobinson9463Ай бұрын
i am a sole proprietor and family-owned business we do a 1099 every year why am i being asked to fill out form wh-347 Help Please!!
@CSI-Accounting-and-PayrollАй бұрын
Great question! Form WH-347 is a certified payroll report used by the U.S. Department of Labor for government-funded projects. If you're being asked to complete it, it likely means your business is working as a contractor or subcontractor on a federal or state-funded project under the Davis-Bacon Act, which ensures workers are paid prevailing wages. Even if you’re a sole proprietor, anyone working on that project must report payroll information for compliance purposes. The form breaks down hours worked, pay rates, and withholdings to make sure workers are being compensated fairly. If you don't have employees, just list yourself or any family members involved with the correct hours and rates for the job. It's a bit of a hassle, but it's necessary to comply with the rules for government projects. If the project manager has specific instructions for your case, it's a good idea to check with them too! Hope this helps!