Before the end of each quarter, we ask clients to review standard payroll and tax information for accuracy and make any necessary corrections. All Q3 payroll and tax information must be accurate and complete in isolved by Monday, Sept. 30, 2024.
Below are the recommended items to review to help you meet all requirements successfully.
Review tax setup information
It is crucial to confirm that your tax setup is accurate and complete. We recommend that you go to Client Management > Client Summary to validate company information:
- Name (or DBA name) matches the legal company name registered with tax agencies
- FEIN matches the legal FEIN that is registered with tax agencies
- Address matches the legal company address registered with tax agencies
Next, go to Reporting > My Reports and run the Tax List report.
Review the following items:
- Federal and state tax ID numbers
- State filing frequencies and rates
Important notes:
Please remember that tax agencies do NOT send any rate or filing frequency notices to Insperity, but they do send this information to you, the employer of record. If you have received these notices or see discrepancies in your isolved setup, please forward all information to your payroll specialist.
You must have a registered ID number with all appropriate state and federal agencies in order to file. Agencies do not accept “Applied For” ID numbers for filing and payments. Submitting your filings with an “Applied For” ID could cause delays and agency penalties and fees.
Review employee identification information
Go to Employee Management > Employee Summary page and review employee names and social security numbers for accuracy.
Other important tax reminders
- Q2 tax filings will be available on the Return Archive page of the Reporting menu in isolved on Nov. 1, 2024.
- Pay items that have not been entered in isolved yet OR payroll adjustments that will be reflected on Q2 returns MUST be reported to your payroll specialist by Monday, Sept. 30. These items include:
- In-house checks
- Voided checks
- Tax adjustments
- Third-party sick/disability payments
- An additional charge will be applied for any Q2 changes submitted after the deadline of Monday, Sept. 30
Please contact your dedicated payroll specialist with any questions or concerns regarding the information above.