APS December Compliance Updates

3

JANUARY, 2018

COMPLIANCE
PAYROLL
HR

Your January & February Year-End Snapshot

It’s officially 2018 and with a new year comes a clean slate. But one of the things that may still be lingering from 2017 is year-end processing. January and February are the time of year where you’re probably wrapping up those final tasks. To help you focus on accomplishing what’s left, here is your final Year-End Snapshot for January and February:

Payroll Tasks

Before Your First 2018 Payroll

  • Review and Update Employee Deductions
  • Review and Update Retirement Plan Catch-Up Contributions
  • Finish ACA Reporting
  • Review 2018 State Minimum Wage Changes
  • Review 2018 SUTA Wage Base Changes

Second Week of January

  • Prepare for Martin Luther King Jr. Day Payroll Processing

End of January 2018

  • Communicate with Employees About Their Forms W-2
  • File Your Forms W-2
  • File Your Forms 1099-MISC
  • Distribute W-2s and 1099s to Employees and Contractors
  • Distribute 1095-Cs to Employees ***DEADLINE EXTENDED***
  • Pay Your FUTA Invoice

End of February 2018

  • File Forms 1094-C and 1095-C

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

1095-C Employee Distribution Deadline Extended

The IRS has extended the deadline to distribute Forms 1095-C to your employees from January 31, 2018 to March 2, 2018.

HR Tasks

  • Conduct Strategic Planning
  • Review OSHA Form 300A for Annual Reporting
  • Post Updated Federal and State Compliance Posters
  • Conduct Forecasting for Future Hiring Needs

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:

The information we have outlined are tasks that APS helps our customers with every 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.

How APS Can Help

APS has been providing superior payroll and tax compliance services for over 20 years. Our solutions experts are here to help with your year-end processing, including W-2s, 1099s, payroll taxes, and ACA reporting. Contact us today to learn more about how we can help you experience seamless year-end processing.

About APS

APS brings innovation and scalability to modern human capital management. We believe that our clients, their employees, and our partners deserve the best, easy-to-use human capital management platform delivered with personalized service and support. We build our technologies from the ground up, focusing on usability, efficiency, and adoption. APS understands the challenges organizations of all sizes face, which is why we craft a full spectrum of cloud solutions that address all aspects of employee management. By maintaining a vision of unified systems that make human capital management nearly effortless, we support our clients in their growth and success.

APS is different because of our unique approach to technology and service. As a result, we continually maintain 98% customer retention and satisfaction rates. We have ranked as a High Performer the past four years and were named Best Software for HR and Administrative Teams for 2017. APS also consistently ranks Best Customer Support, Best Ease-of-Use, Best Functionality, and Best Product Quality.

For more information, please visit www.apspayroll.com or call 855-945-7921.

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