The Payroll Reporting Procedures Manual provides a quick and easy way for you to look up key words and topics and to find instructions for filling out or filing any of the numerous Payroll-required forms.
The Procedures Manual includes our e-Alert updates service, as well as copies of any applicable forms! It is fully-updated each and every year for all changes.
Top FAQs
Federal and state governments impose a variety or rules, regulations, and reporting requirements, so the hardest parts of payroll recordkeeping is knowing all of the rules, then complying - on a timely basis - with them!
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While many payroll-related regulations are federally-governed, there also are many state requirements, including those for handling garnishment, final paychecks, and unclaimed paychecks. Each state's requirements differ in the details, so be sure to check your state's requirements by clicking the applicable link(s) at the bottom of this page.
Completing forms accurately, knowing when and where to file, and doing so on a timely basis.
You report bonuses as wages and as social security and Medicare wages on Forms W-2 and 941
Form 941 is used to report income taxes, Social Security tax, and Medicare taxes withheld from employee's paychecks.
The Form W2 reports an employee's annual wages and the taxes withheld.
In addition to ensuring that employees are paid correctly and on time, "Payroll" has numerous time and reporting requirements. The primary payroll areas include paychecks, reporting, operations, and management.
You report Social Security info on W-2, W-3, and 941
Yes. In many cases, state laws conflict with federal laws, so be sure to check both!
Payroll is much more than just handing out paychecks, and includes a variety of responsibilities such as handling garnishments, travel pay, multi-state taxation, unclaimed paychecks, and much more in a timely and accurate fashion.
Payroll Administrators must be able to:
- Properly "classify" workers
- Apply the various exemptions
- Calculate gross pay and properly make deductions
- Correctly identify, pay, and withhold taxes for employees
- Administer deferred compensation, cafeteria plan, sick pay, and other compensation
- Handle stock options, expense reimbursements, relocation, and other "expenses"
- Follow the proper policies, procedures, and documentation requirements for garnishments and levies
- Properly complete and file all required reporting requirements
- Correctly complete year-end requirements and establish year-beginning requirements
- Implement and maintain fraud, audit, disaster recovery, and record retention processes and procedures
Yes.
You report Medicare taxes on Form W2