1st Quarter Close is Coming!
03/01/18
Author: ADP Admin/Friday, February 23, 2018/Categories: Bulletin News
The quarter will be closing on March 30, 2018. Now is the time to review the following reminders and provide updates to your payroll services representative by no later than March 27th. Any items reported after this date that directly impact the amount of taxes owed by you or your employees could result in costly amendments. Click here to view penalties and interest that may be applicable if information is not provided in a timely manner.
- Provide copies of company issued manual checks written during this quarter to your payroll representative.
- Have you issued any checks during this quarter that should be voided?
- Make sure all outstanding terminations have been keyed.
- Check that your Paid Time Off policy is calculating accurately.
- Report any employer contribution amounts made directly to an employee’s Health Savings bank account in a payroll batch using ‘Memo code T’.
- Report any taxable fringe benefits amounts in a payroll batch using ‘Deduction Code Y’.
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