| | Do I have to have my W-2s printed before I close December? |
| Description | Closing the year prevents any adjustments or edits to the 4th quarter employee checks. We recommend you print W-2s from a company where December is the current month for Payroll. |
| Resolution | Before you beginInstalling the early Tax Table Update (TTU) before printing W-2s requires changing the OASDI limit - Go to the PR, Taxes, Maintain Tax Tables.
- Click the Look-up button and select US.
- Click the Allowances, Limits and Rates button.
- Change the OASDI Limit.
- After printing W-2s, be sure to set it back to the current year's limit
▼You haven’t printed W-2s but need to run the current payroll- Create a copy of your company before the December close.
- In the copy company go to PR, Taxes, Print W-2 Forms.
- For Year, select the prior year date and click OK to continue with the W-2 process.
- Verify the W-2, 940 and W-3 totals.
- Edit totals as needed for any employees.
- Print the tax form.
 NOTE: In the future if you need to reprint your tax form be sure you reprint from this archive company. Don’t close Payroll for December in the copy company. This company will only be used for printing tax forms. No new postings will occur in this company.
[BCB:163:Chat BusinessWorks US:ECB]
|
|