Yearly Archives

2020

Getting Organized? It’s a Good Time of Year to Focus on Recordkeeping and Retention

By Record-keeping, Recordkeeping

The beginning of a year always feels like a fresh start, and many of us put getting organized at the top of our resolutions list. Clearing out clutter is always a satisfying task but it’s important to know what you need to keep and what you can toss. The U.S. Equal Employment Opportunity Commission (EEOC) offers the following rules for what is expected of employers in terms of record retention, and other agencies have their…

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It’s W-2 Season! The Deadline is January 31

By Payroll, Withholding Taxes

Anyone who works at a job for a living is likely familiar with the W-2 that arrives in the mail and that must accompany their tax returns. We thought it would be useful to provide a quick review of this essential IRS form – its purpose and employer responsibilities for distributing it. The purpose of the W-2 The W-2 tax form is also known as a Wage and Tax Statement. It shows the amount of…

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