The year-end guide reference tool provides you with critical information for preparing for the end of the year and W-2s. Click here to download Insperity’s 2020 year-end guide.
The guide contains important information, including:
- Processing and year-end deadlines
- Holiday schedules
- Year-end maintenance and guidance for adjustments
- Tax resources and information about W-2s
- COVID-19-related tax information
- ACA compliance deadlines
Please note these critical deadlines:
- By Dec. 11, 2020:
- Submit all wage corrections and adjustments
- Identify and process any end-of-year payrolls, such as bonus and fringe benefits
- Enter any manual checks and/or voided checks that need to be recorded in 2020
- By Dec. 31, 2020:
- Process third-party sick pay information
- Audit all employee data related to SSN, name and mailing address, and make any necessary updates
- Ensure all FFCRA qualified sick and leave wages are entered correctly
Again, please review the guide closely and let your assigned payroll specialist know if you have any questions.
If you use Insperity’s Workforce Optimization™ services for the bulk of your employees, you will have additional information and year-end responsibilities specific to the co-employment relationship.