2024’s Leap Year Payroll and Expanding Your W-2 Knowledge

With 2024 on the horizon, it’s crucial to identify key dates for your business early. This month’s newsletter has resources to help you stay on top of payroll and compliance in the new year.

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2024 HR and Payroll Calendar

Kick off 2024 right with our tool to manage the year’s crucial IRS deadlines and more. This digital calendar is compatible with iCal, Outlook and Google Calendar. Plus, it helps you easily manage your company’s pay periods.

This calendar also features holidays and information about events relevant to your operations, like National Payroll Week and Employee Appreciation Day. These entries also include supplementary resources to help you brush up on your compliance knowledge and enhance engagement strategies.

Download our 2024 HR and Payroll Calendar today to start planning for what lies ahead.

How to Prepare for Leap Year Payroll in 2024

A leap year can add an extra layer of complexity to payroll and annual reporting. And 2024 is one of those years.

Luckily, 2024 doesn’t have to be the year of the payroll problem. With the right preparation and understanding of your pay cycles, you can account for an extra payday without missing a beat.

Whether you operate on a weekly, biweekly, monthly or semimonthly schedule, that extra day in February could impact your operations and Fair Labor Standards Act compliance. Read how to address leap year payroll and build a strategy for 2024 and beyond.

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W-2 Form Distribution: Deadlines, Requirements, & Extensions

You know what the Form W-2 is, but do you know how to easily explain it to your employees? Given businesses must mail copies to their people by Jan. 31, it’s likely you’ll receive more than a few questions.

Plus, failing to provide a W-2 timely can result in escalating penalties for your company. Even worse, it compromises how quickly employees can file for a tax return.

From Form W-3s to substitution statements and more, read how to avoid common W-2 pitfalls and help protect your organization’s compliance.

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How does your business prepare for the new year? Let us know in the comments! And subscribe to be notified about more content like this.

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