Quick Guide: Breaking Down the Statement of Compliance

Ever wonder why contractors need to sign and submit a Statement of Compliance (SOC) with every certified payroll report? Download this quick guide to get a breakdown of the sections of the SOC and better understand the significance of “certifying” a payroll. Find answers to questions like:

• Who should be filling out a certified payroll report and the SOC?
• What is the significance for an individual signing the SOC?
• Where and how do I enter deductions for my employees?
• What if some fringes are paid to a plan while others are paid directly in cash to employees?