The
Payroll Factory Newsletter
November 2020 edition
Welcome to the November 2020
edition of The Payroll Factory Newsletter.
Year end is rapidly approaching and for businesses and organizations
this is a great month to utilize the W-2 verification form which their payroll
processor should be providing them.
The verification of
information on the form should include the following:
1.
Making sure all addresses are correct for both
active and terminated employees and in particular those who have their W-2
mailed to them who work in satellite offices or are working remotely.
2.
Verifying all
social security numbers of the employees active and terminated.
3.
Any name changes
that occurred during the calendar year.
4.
Verifying the
deductions that would show up on a W-2 such as 401K or pre-tax health insurance
to name a few.
5.
Verify spelling
of employee name and address. Some
individuals utilize a middle initial as part of their name which shows on their
W-2 and tax return.
Lastly, have your clients
look at their pay schedules as we head into year end. January 1st is on a Friday this
year. Clients whether weekly or
bi-weekly pay on a Friday. Will your
client have a 27th or 53rd pay of the year on Thursday
December 31st which could include bonus payments.
As always “whatever it
takes,” I look forward to working with you, your associates and above all your
clients. Thank you very much and have a
great day.
Steve Sabel
Senior Account Relationship
Manager
The Payroll Factory
18 East Lancaster Avenue
Malvern, Pennsylvania 19355
267-907-4179 cell
steve@prfusa.com
www.thepayrollfactory.com
