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It’s W-2 Season: Time to Watch Out for Fraud!

It’s W-2 Season: Time to Watch Out for Fraud!

Did you know ADP processed nearly 61 million W-2 forms in the United States last year? Delivering accurate, timely W-2s is a core promise we make to clients. That’s why it’s critical to prevent W-2 fraud. What Is W-2 Fraud? The fraud occurs when personal information, such as Social Security number or birthdate, is stolen and used to file a fraudulent W-2. When victims try to file their taxes, they are denied and notified that their return has already been filed. What You Can Do Here are some things you can do to help prevent tax fraud according to Roland Cloutier, ADP’s Chief Security Officer: First of all, thoroughly investigate all requests for W-2s or personal information. Your best defense is to file your taxes early to prevent a fraudster from doing it before you. Be aware of―and don’t fall for―scams like phone calls or phishing emails about your refund, a problem with your filing, or requests for more information. This IRS video does a good job of summing...

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Someone Filed Your Taxes for You. But That’s Not a Good Thing…

Someone Filed Your Taxes for You. But That’s Not a Good Thing…

According to the U.S. Internal Revenue Service’s (IRS) statistics, tax fraud is on a steep upward trend―and right now is the prime time for it. Here’s how it works… Wait! I Didn’t Get My Tax Return? Fraudsters steal personal information using different methods, and then file fraudulent tax returns as early as they can―before the victim files. ­­­­ Victims file their real tax return and receive a letter in the mail from the IRS saying that they’ve already filed a return. Meanwhile the fraudster has had the cash from their fraudulent tax return in hand for months, and then things in the victim’s life get complicated… They have to prove they didn’t file already, investigate how else their identity might have been used for fraud, and on top of that, they still have to file their taxes! And what comes after this can be even worse… The Aftermath I’ve witnessed firsthand the impact these types of criminal acts have on people from my years in law enforcement. As part...

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Under Pressure and Trying to Deliver: ADP SmartCompliance® Just Got Sleeker and Easier to Use for Helping Manage HCM Compliance

Under Pressure and Trying to Deliver: ADP SmartCompliance® Just Got Sleeker and Easier to Use for Helping Manage HCM Compliance

How often have you been under pressure to compile vital information for your human resources (HR) or finance leader so your company can comply with a myriad of Human Capital Management (HCM) laws? Maybe your company tries to fill the “HCM compliance gap” with people and manual, highly administrative processes. But this approach may lead to mistakes that create unnecessary cost and risk for your company, as well as frustration for your employees. Instead of throwing people, cumbersome processes and valuable time at the problem, businesses need consistent, scalable processes and expertise to help handle today’s long list of HCM-related compliance tasks. They also need a smart, sleek, easy user experience. That’s why ADP is further refining the user experience of ADP SmartCompliance® by more fully integrating its systems and providing users with better ways to organize their work, assign and track vital tasks, and collaborate with co-workers. These enhancements are just one example of ADP’s continuing commitment to provide our clients engaging, consumer-grade experiences. Innovation is in our...

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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® is conducting two hour-long webcasts that will offer 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 will 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...

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2016 Tax Credits and Incentives Following Year-End Legislation

2016 Tax Credits and Incentives Following Year-End Legislation

U.S.-based businesses could have a major opportunity to benefit from tax credits following year-end legislation. The Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015), signed into law at the end of 2015, include the extension of more than 50 tax credits and incentive programs that expired on Dec. 31, 2014. This includes an array of federal tax credits that offer incentives to employers who implement various hiring, training and investing practices. Work Opportunity Tax Credit (WOTC) – Extended for five years through 2019, WOTC is designed to encourage employers to hire and retain individuals from various target groups, including veterans of war, welfare recipients and the newly added “long-term unemployed” category, among others. Through this program, businesses can qualify for a tax credit of up to $9,600 per eligible employee for the first year of employment. Federal Empowerment Zone Employment Credit – Businesses that hire employees who live and work in an empowerment zone, which are designated distressed urban and...

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