\n\n\n\n\n\n
Categories Menu

Connect@ADP

Partnering with a more human resource

Don't Fear! Tips to Survive Year-End Reporting

Don’t Fear! Tips to Survive Year-End Reporting

For many employers, the last three months of the calendar year can be quite overwhelming as you prepare for routine year-end workforce activities such as distributing Forms W-2, potential changes in employer taxes, and the ongoing effects of legislative and regulatory changes.

Keeping pace with all of these tasks — while remaining compliant — can be daunting. To help with these efforts, ADP® conducted an hour-long webcast that offered insights on the latest changes and trends pertaining to year-end reporting, including aspects of the Affordable Care Act (ACA), unemployment insurance tax, Forms W-2 reporting and payroll.

Topics of discussion include:

Affordable Care Act (ACA)

o New IRS® ACA E-File Systems and Error Notices

o IRS ACA Penalty Assessments

Unemployment Insurance (UI) Tax

o Federal Unemployment Tax (FUTA) Changes

– Possible FUTA credit reduction and Benefit Cost Rate Assessment

– Affected states and potential outcomes

o State Unemployment Tax Changes

– Proposed expansions to quarterly wage reporting

o Update on the projected solvency of state UI trust funds

Changes to Year-End Reporting

o Federal

– New IRS fraud detection initiatives affecting employers

– IRS Form W-2 verification code initiative

– Return Integrity and Compliance Services (RICS) – IRS Early Filing Program

– Electronic Federal Tax Payment System® (EFTPS) inquiry PINS

o State

– Accelerated W-2 due dates

– Electronic filing trends

Post a Response

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s