The quarter will be closing on June 28, 2019. It’s that time again where you should review the following reminders and provide updates impacting your employees’ Forms W-2 to your Payroll Advisor by June 25th to help you avoid costly amendments. Click here to view the penalties and interest that may apply if this information is not provided in a timely manner.
· Provide copies of any company-issued manual checks that were written during this quarter to your Payroll Advisor.
· Let us know if you have issued any checks during this quarter that should be voided.
· Make sure all outstanding terminations have been keyed.
· Check that your Paid Time Off policy is calculating accurately.
· Report any taxable fringe benefits amounts in a payroll batch using ‘Deduction Code Y’.
· If you offered benefits to your employees prior to joining the TotalSource benefits plan, you may need to report information on your employees’ Forms W-2.
Be sure to review your Easy Quarterly & Year-end Guide to stay up to date with important announcements.