Payroll Closeout 2010 and Preparing for 2011 --ComplianceOnline- HR Compliance Training (HR Compliance Traini)
|Event Date/Time: Dec 02, 2010||End Date/Time: Dec 02, 2010|
Year End closing can be an extremely daunting and tedious time for any payroll department. Tasks must be done correctly or none of the information needed for tax time is valid. This causes delays, additional budget expense and emotional stress, as well as decreased payroll team morale. And of course, the threat of penalties for non-compliance always looms large.
The effort, accuracy and time consumed in closing out the payroll year are directly affected by to two factors:
A well trained payroll department that knows what to do and when
The quality of the preparation for the year at hand
This presentation is a thorough recap of compliance issues and requirements for payrollâ€™s 2010 Year End closing and the latest information for preparing the payroll department for a successful 2011.
Best practices for closing out 2010
Handling duplicate Form W-2 requests correctly
When to use the Form W-2c
When to correct the Form W-2 itself