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Precision Payroll of America, LLC
630.887.3156
877.941.1040
December 9, 2015
PPA Press
by Precision Payroll of America, LLC


To Our Clients, Vendors, Partners and Friends:


As another holiday season is upon us, we extend our warmest wishes to you! The opportunity to serve you by supporting the behind-the-scenes operations of your business is not one that we take for granted.

Thank you for entrusting us with this privilege! Wishing you joy, peace and meaningful time spent with family and friends this holiday season -- and throughout the year! And, cheers to a new year filled with continued prosperity!

At your service,
Tom Sodeika, CEO & President
& Your Payroll Team
 

Year-End Reminders

Once again, we have posted our comprehensive Year-End Guide on our website, outlining everything you need to know about closing out the year. Here are a few highlights:

Rate Changes
On a federal level, there are no changes this year. On a state level, the list of states where the FUTA credit reduction is still effective continues to shrink and now includes just four states: California, Connecticut, Ohio and the Virgin Islands. 

Unemployment Rates
As always, Illinois unemployment rates may be adjusted annually, and are mailed out December 9. When you receive the document, please send the rates to your payroll specialist so that we can update your rates in our system. If you have given us Power of Attorney (POA), the rates were sent directly to us. If the change is greater than 2%, we will contact you in case you would like to protest the rate increase.

Payroll Adjustments 
Payroll adjustments for 2016 are due to your payroll processor by December 11. This includes W2 verification, year-end fringe benefits, third-party sick pay, and more. 

End-of-Year Special Payrolls
We recommend any special payrolls (bonus, year-end, etc.) be run separately from your regular ongoing payroll. Please provide this information to us by December 11 to avoid the additional fee of $75.

W2 Details
Employees must have W2s postmarked by January 31. Precision Payroll will send your W2s to you by January 25, giving you one week to get them to your employees (unless you have requested that we send them directly to your employees).

GET YOUR COMPREHENSIVE
YEAR-END GUIDE >>

 

Are Taxes Giving You a Headache?

Over 90% of our payroll clients also use our tax services. The advantages of this are numerous, but the ones we hear from clients the most are:
  • We will make your tax payments and file all returns on time to avoid penalties.
  • We’re on top of the latest rules so you don’t have to be.
  • We do any additional research needed to keep you compliant.
  • We file electronically, which reduces errors.
  • If penalties do occur, we will resolve them for you.
If you are considering having us handle your taxes, the beginning of the year is a great time to start. Please contact your payroll specialist to discuss this further.

   


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