In January, the first month of the year, employers will be finishing the year preceding the information aspects. Employers will file with the IRS, last year’s 4th quarter Form 941 or 943. To determine whether the withholding of taxes (federal, Social Security and / or Medicare) rates have changed since the previous year. If rates have changed, you must have the necessary changes. For employers who use automated payroll software these tax rates will be adjusted for you. The deadline for issuing W2 forms to employees, they also come to the end of the month. Employers have an obligation to issue copies W2 B, C, and copy 2 of the State to its employees.

With the second month of the year are a little more homework. This is the time to submit a copy of W2 and W3 forms with the Social Security Administration. Take time for the 941 B and / or agree with the totals 943 and W3 form information. In February, the food service employers with more than 10 employees must submit a Form 8027 for employees who receive tips. Employees shall not enter a new W4 form, but to be arguing that exemptions will have to retain a tariff with no exemptions. Throughout the year the Social Security Administration W-2 forms may ask for corrections to the identity data.
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