Children going to sleep with visions of sugarplums in their heads. Good. Employees going to sleep with visions of year-end bonuses in their heads. Also good. Payroll managers going to sleep without visions of W-2s in their heads. Great. Here’s the scoop on what you need to know to ensure a smooth W-2 process.
What’s the difference between AccuWage and SSNVS? … W-2 employee, 1099 contractor or both?
Want to go to the company’s holiday party guilt-free? You can, provided you accomplish some key tasks beforehand. This is what you should do now.
You have three primary concerns with year-end reporting: getting the right returns into the right hands, ensuring those returns are correct and, if your returns are incorrect, timely correcting and refiling them. Each step is loaded with pitfalls.
Payroll no longer needs to worry about programming inflation adjustments to the withholding allowance/adjustment amounts, since the IRS very helpfully froze those figures at multiples of $4,300, beginning last year. But the IRS still adjusts a lot of other key payroll figures.

SSNVS: Year-end lifesaver

November 17, 2022

Filing W-2s with mismatched employee names and Social Security numbers is a critical error for which the IRS will penalize you heavily. There is a way out—use the Social Security Administration’s free Social Security Number Verification Service to validate employees’ names and SSNs.
Here’s your monthly guide to critical payroll due dates.
Normally you must amend your 401(k) plan before plan amendments become operative. The IRS is extending the time for 401(k) plans to make remedial amendments related to the 2019 Setting Every Community Up for Retirement Enhancement Act from plan years ending in 2022, to Dec. 31, 2025, regardless of the plan year.
In which state is severance pay taxable? … Report travel reimbursements on an employee’s W-2?
Internet retailers and fintech companies are pressing HR to offer employees the opportunity to pay for goods and loans in installments via paycheck withholding, selling it as a way for employees to build up good credit. Payroll should be leery of this new benefit.