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See what's new with Absolute payroll Inc. this month!.
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Visit us in our new office in Germantown

Absolute Payroll recently opened up their new office located at:
W177 N9856 Rivercrest Drive
Suite 242
Germantown, WI 53022

Stop in and see us.

 
Health Care Reform Updates

IRS Releases Final 2016 1094-B and 1095-B Forms and Instructions

Form 1095-B Due to Individuals on January 31, 2017
The Internal Revenue Service (IRS) has released the final forms and instructions for Forms 1094-B and 1095-B for calendar year 2016 reporting. Employers are required to report in early 2017 for calendar year 2016.

Who is Required to Report ....   
To Read More, Click Here

Quarterly Report Filing

Third quarter payroll forms will be filed during the month of October.  You can view the status of your Quarterly Reports in the Compliance/Tax Forms section of Payroll Relief.  We will begin e-filing forms after the 15th of the month. 

For clients that do not prefund their taxes, it is important to remember that amounts due with a form will be scheduled for payment when the form is e-filed.  This can occur anytime after the 15th of the month.  Please make sure you have sufficient funds available in your checking account to avoid any NSF charges.

New Hire Reporting

Why do we need new hire reporting?
New hire reporting speeds up the child support income withholding order process, expedites collection of child support from parents who change jobs frequently, and quickly locates alleged non-custodial parents to help in establishing paternity and child support orders. New hire reporting helps children receive the support they deserve. New hire reporting also saves taxpayers by preventing fraud in welfare, workers compensation, and unemployment insurance. Employers are a key partner in ensuring financial stability for many children and families and should take pride in their role.

What information must be reported?
Required Employer Information:

  • Employer's Federal Employer Identification Number (FEIN).
    Employer's Name
  • Employer's Payroll Processing Address
Required Employee Information:
  • Employee's Name (First, Middle, Last)
  • Employee's Mailing Address
  • Employee's Social Security Number (SSN)
  • Employee's Date of Hire
  • Employee's Date of Birth

Penalty for Failure to Report
Employers who fail to report newly hired or recalled workers may be fined up to $25 for each violation and up to $500 if the failure is the result of a conspiracy between the employer and the employee not to supply the required report or to supply a false or incomplete report.  

As part of our payroll service to you, we file all New Hire Reports.  To properly file the reports, it is important that we include all the information the State is requesting.  The two pieces of information we most often find missing is the employee date of hire and date of birth.  Please help us file your reports on time and accurately by making sure you supply this information when setting up new hires.

The payroll forms needed to provide to your new hires can be found on our website at our website here

Copyright © 2016 Absolute Payroll Inc., All rights reserved.

Our mailing address is:
Absolute Payroll Inc.
W177 N9856 Rivercrest Drive
Suite 242
Germantown, WI 53022

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Absolute Payroll Inc. · W177 N9856 Rivercrest Drive · Suite 220 · Germantown, WI 53022 · USA

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