Each year, employers have two responsibilties when it comes to the Form W2: 1. provide each of your employees with their copy, and 2. provide a copy to the Social Security Administration (SSA).
But there's one big difference this year: The deadline for filing W2s with the SSA has been moved up - the deadline is now January 31, 2017. Previously, the deadline was March 31.
This means that you have less time to complete your review of wage, tax, and other applicable employee data and get relevant information to your payroll service provider.
We've instituted a hard deadline of Friday, December 30 for our clients to send that relevant information to us.
"We want our clients' tax information to be right the first time. That's why we created this checklist to help you ensure all relevant information gets to us here at CheckWriters by Friday, December 30," says Jill Grasso, Tax Manager at CheckWriters Payroll.
Read more …