Your October & November Year-End Snapshot

Each year, thousands of payroll and HR managers trust APS as their source for year-end payroll, tax, and ACA processing. During this time of year, it’s important to have reliable and user-friendly resources to help better manage your payroll, HR, and ACA tasks.

Each month, we’ll bring you a snapshot of monthly tasks you should be focusing on to keep you on track for year-end processing. Here is your October & November Year-End Snapshot:

Payroll Tasks

• Update Employee Contact Information to Avoid Penalties
• Prepare for ACA Annual Reporting
• Prepare for Veteran’s Day Processing
• Process All Year-End W-2 Adjustments
• Check for Excess Retirement Contributions
• Process All Manual and Voided Checks
• Check to See if You’re in a FUTA Credit Reduction State
• Prepare for Thanksgiving Payroll Processing
• Review Third Party Sick Pay
• Report Fringe Benefits

For more information about these tasks and additional year-end resources, download the Year-End Payroll Guide.

HR Tasks

• Update Employee Contact Information
• Prepare for Benefits Renewal and Open Enrollment
• Review Employee Classifications
• Review Medicare Part D Reporting
• Conduct Budget Planning for Next Year

For more information about these tasks and additional year-end resources, download the Year-End HR Guide.

Resources

Here are some additional resources you can use during year-end processing:

• Payroll Taxes: Rates and Changes
• FUTA Credit Reduction
• SUTA Wage Base Changes
• Minimum Wage Rates

The information we have outlined are tasks APS helps our customers with each year, as well as strategic processes to consider. If your current provider is not offering solutions and services to streamline your year-end processes, it may be time to reevaluate your human capital management strategy.