Prepare with Precision Payroll of America’s Year End Guide
And no, we don’t mean Christmas. When it comes to payroll processing, the end of the calendar year is an important time. Please note that we are not sending out year end packets this year; instead, we invite you to download this comprehensive year end guide that provides step-by-step instructions.
To get you started, here are the first three (3) items to get in order:
Verifying W-2 information
Verify W-2 information for all of your employees by December 12.
Internet clients may follow the steps noted on the website; you may make your own updates online before the final payroll of 2014. Non-Internet clients are asked to contact their payroll specialist for a verification report.
Provide us with any year-end adjustments required for each of your employees—including fringe benefits, manual checks, voids, 3rd party sick payments and bonus distributions.
Internet clients: send this information to email@example.com
Non-internet clients: Fax any changes to (630) 887-0735, or email your payroll specialist.
Watch the mail for your 2015 state unemployment rate and your state deposit frequency notices to arrive over the next two months. When you receive them, fax them to our Tax Department at (800) 878-5648 so we can ensure the accuracy of your tax liability calculation and timely deposits of the associated taxes.