Payroll News » W2

Quarterly W-2 Reporting in 2011?

Ted — Wed, 12 May 2010 15:32:36 +0000

The President’s 2011 Budget proposes to restructure the Federal wage reporting process by reverting to quarterly wage reporting. Currently, wages are reported to the Federal Government once a year. Increasing the timeliness of wage reporting would enhance tax administration, improve program integrity for a range of programs, and facilitate implementation of automatic workplace pensions. The Administration will work with the States so that the overall reporting burden on employers is not increased.

Note this is only a proposal but this sounds like the burden would be passed on to the payroll professional once again.

More guidance available regarding HIRE Act.

Ted — Fri, 02 Apr 2010 15:24:16 +0000

The IRS is issuing guidance as quickly possible on the many reporting issues created by the HIRE Act.

A final version of Form 941 for 2Q should be released by the IRS next week April 6th.

A new form W-11 will be released as well. This ‘Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit’ will be required for all employees eligible for this credit.

The Form W-2 will now include a new box 12 code of CC to report exempt wages and tips for qualified employees under the HIRE Act. The Form W-3 will also be altered to show the total of all the box 12 code CC entries.

For more information from the IRS, visit HIRE Act: Questions and Answers for Employers

Oregon : No more paper W2s

Ted — Mon, 06 Apr 2009 13:13:53 +0000

Starting with 2009 Forms W-2 filed in 2010, Oregon employers with 250 or more employees must electronically file Forms W-2 with the Oregon DOR. Effective with 2010 Forms W-2 filed in 2011, the threshold for employers not using a payroll service provider will decrease to 50 or more employees. Effective with 2011 Forms W-2 filed in 2012, all employers must electronically file Forms W-2.
[Or. Adm. R. §150-316.202(3)].

Look for more states to follow. Another part of the stimulus package involved the gov’t boosting up each state’s unemployment coffers but each state had to promise to ‘modernize’ their wage data collection infrastructure. PayMaster currently handles 38 state’s SUTA electronic formats and RS records for the year end MMREF format. Be sure to stay current to support these everchanging state specific formats.

W2 season is approaching!

Ted — Fri, 19 Sep 2008 13:42:30 +0000

The latest issue of the Blue Pages will be mailed out today and you should be receiving them soon.

They are also now available on our web site. Fall 2008 Blue Pages
Be sure to make save the order for for W2s and mail or fax it in today. 2008 W2 Order Form

All orders received before Oct 31 will receive a 10% discount.
All orders received before Nov 30 will receive a 5% discount.

Remember that all orders must be payed in full before we ship the forms.