Monday, June 24, 2024
HomePayrollWe're In for 12 months-Finish | Dominion Payroll

We’re In for 12 months-Finish | Dominion Payroll


We’re turning the web page on one other nice yr right here at Dominion Payroll! We’re projecting to problem 1,759,906 particular person checks this yr, a rise of 19% from final yr. That equates to 48,924 payrolls run up to now, $723,596,148 paid in taxes, and a whopping $1,661,407,649 electronically deposited proper into staff’ financial institution accounts, which might be sufficient greenback payments to go across the planet somewhat over 6 occasions.

That’s…so much. With that a lot cash to account for, we may use your assist to ensure all of the t’s are crossed, all of the i’s are dotted, and there’s nothing stopping us from one other nice yr collectively!

Vital Deadlines

We’re extra versatile than another payroll processors that, within the spirit of the vacations, we received’t title, however we do ask that you just circle just a few dates in your calendar. We’ll be closing on Christmas Day, and our final common payroll of the yr might be processed on December 27th, which falls on a Wednesday. (We’ll nonetheless be right here to deal with your bonus payroll runs, although!) To make sure sufficient time to file year-end changes to that final payroll, please notify Dominion Payroll by Friday, December 15th of any changes you may need, reminiscent of:

  • Void and/or handbook checks
  • Third celebration sick funds
  • Fringe advantages
  • 12 months-end distributions
  • Bonuses and different presents
  • Vendor 1099 cost recording

Keep in mind to assessment all W2 exceptions (ask us easy methods to run an exception report!) and enter all mailing handle modifications earlier than that final payroll technique of the yr as nicely. Failure to do this may delay your W2 processing.

W2 Availability

We’ll start delivery paper W2’s on Monday, January 8th, which ought to arrive at your places of work no later than January 26th. The varieties will arrive in a separate bundle clearly labeled “W2.” In case your staff opted for paperless W2’s (see particulars), then these might be out there on-line in Worker Self-Service (ESS) on Friday, January 12th. The IRS requires that you just distribute W2s to your staff (by mail or in particular person) no later than January 31st. Keep in mind, once more, to test via the Consumer Reviews in iSolved to confirm that every thing will run easily along with your W2’s.

ACA Compliance

In case your agency employed a mean of fifty full-time staff over the course of the yr, you’ll most likely must adjust to the reporting requirements of the Inexpensive Care Act (ACA). For brand new purchasers, you must have already knowledgeable us when you’re going to wish ACA Reporting; in case you have not, please contact us instantly at [email protected]. Your 1094 and 1095 varieties should be electronically permitted in iSolved by January 5th, 2018. Earlier than then, you’ll be able to audit your knowledge in iSolved (together with employment classes, medical protection begin and cease dates, and rent/termination dates) to ensure your ACA compliance goes easily.

Be Affected person

Only a pleasant reminder that UPS supply occasions could also be affected by quantity at the moment of yr. Please course of your payroll two enterprise days previous to your pay date to be able to guarantee your payroll bundle, together with any reside checks, are delivered on time. If you’re fascinated with going to paperless supply (and why wouldn’t you be?), please contact us at [email protected].

Extra Info

Check out our year-end guides and webinar right here. And, as all the time, contact us at [email protected] with any questions you may need in your year-end processing. We sit up for celebrating many extra years with you!




Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments