Make sure you are properly and efficiently completing form W2 reporting requirements.
The main priority for the payroll department is getting the paychecks to associates accurately and timely to employees. But a critical function for the payroll department is to pull all the payroll information together and produce a Form W2 for all employees. This produces a great challenge to payroll departments to ensure that all elements of the W2 are complete and accurate along with complying with federal and state tax requirements. This topic will provide you the fundamentals to run an efficient W2 process.
Year-End Project Plan
Preparing to Have an Accurate W-2
Fundamentals of the Project Plan
Verifying Critical Components of the W-2
Basic W-2 Elements (Box by Box)
Verifying Earnings and Deductions
Tax Audits (FICA, State and Local)
W-2 Time Line
Fundamental Dates to Remember
Dayna J. Reum, CPP, FPC with Dayna J. Reum
AIPB ,CPP/FPC ,CPE ,HR Certification Institute ,SHRM ,Additional credit may be available upon request.