Given today’s regulatory requirements to conform with specific reporting guidelines, it is comforting that you can rely on D2Xchange to ensure your payroll information is held and distributed with adherence to the standards outlined in the Affordable Care Act (ACA) and with an in-process validation that a Tax Identification Number (TIN) matches an address to mitigate needed data corrections or penalties.
D2Xchange has hosted solutions that also streamlines the weekly reporting required by the Davis-Bacon and Related Acts. This Federal regulation applies to “contractors and subcontractors performing work on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or repair (including painting and decorating) of public buildings or public works.” The Davis-Bacon Act directs the Department of Labor to determine locally prevailing wage rates, and reporting must occur between employers and the government. The D2Xchange reporting system has the required features and functions, including:
· Federal WH-347 Reporting
· Compliance with applicable State and Municipal Statutes
· Outputting of a Compliance Statement or a “No Work Report.”
All of these include direct integration with your in-house or outsourced payroll system!