Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately.
Tag: Payroll Reports
2023 IRS Form 941 Deposit Rules and Schedule
There are two deposit schedules (monthly or semiweekly) for determining when you deposit Social Security and Medicare taxes and withheld Federal income tax. These schedules tell you when a deposit is due after a tax liability arises (for example, when you have a payday). Before the beginning of each calendar year, you must determine which of the two deposit schedules you must use.
2022 IRS Form 941 Deposit Rules and Schedule
There are two deposit schedules (monthly or semiweekly) for determining when you deposit Social Security and Medicare taxes and withheld Federal income tax. These schedules tell you when a deposit is due after a tax liability arises (for example, when you have a payday). Before the beginning of each calendar year, you must determine which of the two deposit schedules you must use. The deposit schedule you use is based on the total tax liability you reported during a look-back period. Your deposi…
5 Things You Need To Know About Forms, Legislation and Compliance Requirements
Important News Regarding New Forms, New Legislation, And New Compliance Requirements - IRS Rules Lower W2 Electronic Filing Threshold - General Instructions for 2022 W-4 For Employees - Employee Retention Credit Ends Early - New Employee Withholding Certificate for 2022 For Colorado - Illinois Labor Department Issues Press Release on Pay Data Reporting
2021 Year-End Payroll Reporting Deadline Dates
Aatrix W-2/1099 Year-End eFile Deadlines Year-end is here and to guarantee timely filing and avoid fines and penalties associated with late filings, it is critical to know the deadline for each year-end report you are required to file. The following deadlines are the dates your files must be received by Aatrix to guarantee on-time filing to each State or Federal agency involved.
Do You Have Multiple EINs? Batch eFiling Is Available For Large Volume EIN Filers.
Our Batch eFile option ($99.00/annually) is incredibly helpful if you are responsible for eFiling multiple Federal EINs and especially if those EINs contain small numbers of employees.
Year-End Payroll Reporting Checklist
Year-end is approaching at light speed and will be here before you know it. There are a few critical steps that need to be completed to make year-end payroll reporting go smoothly and accurately. Here is a quick checklist that can get you organized and eliminate some of the pain associated with W-2, 1099, and ACA 1095 filing.
Aatrix Anticipates A Record Number Of Changes To Payroll Reporting In 2021
State and Federal agencies frequently make changes to the reports businesses are required to complete, and 2021 is poised to be a record-setting year. From brand new reports like the California Pay Data Report, changes to the most commonly filed reports like the 941, to the myriad of State form updates, Aatrix’s Forms Division is continually releasing new and updated forms.
What You Should Know About The New California Payroll Data Report
California’s Pay Data Reporting requires all private-sector employers with 100 or more employees, with at least one employee in California, to report pay and hours worked by employees by race, ethnicity, and sex in ten different job categories to the Department of Fair Employment and Housing (“DFEH”). The Legislature noted that hidden bias exists and is encouraging self-assessment of pay disparities along gendered, racial, and ethnic lines to encourage voluntary compliance with equal pay and …
Why New Hire Reporting is Important
New Hire Reporting is the process by employers to report this information on newly hired employees to a designated state agency shortly after the date of hire. Businesses are required to report taxes and wages to varying federal and state agencies and employers have a legal obligation to report new hires to the appropriate state agency within 20 days of hire.
