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Federal Contractors Updates

Final Quarter Close of 2018 is Coming!

12/01/18

Author: ADP Admin/Monday, December 17, 2018/Categories: Bulletin News

The final quarter of 2018 will be closing on December 31, 2018. It’s that time again where you should review the following reminders and provide updates impacting your employees’ Form W-2 to your Payroll Service Representative by December 26 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 PSR.
  • 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’.
  • Remind your S-Corp shareholders that their quarterly taxable fringe for health benefits will be processing soon.
  • If you offered benefits to your employees prior to joining the TotalSource benefits plan, you may need to report information on your employee Forms W-2.
  • You may need to report employer contributions towards employee HSA accounts if not administered directly by ADP TotalSource in a payroll batch using ‘Memo code T’.

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