West Chester’s PrimePay is urging owners of small businesses to ensure that they have compiled all relevant employee information ahead of the new Social Security Administration deadline of January 31.
The SSA deadline to transmit W-2 data was previously on March 31, but for next year and beyond, it has been moved to the end of January.
According to the company, employers should start reviewing key information – such as employees’ names, addresses, and social security numbers – to ensure they are being paid in the correct state and local jurisdiction. It is also critical to check that all bonuses and fringe benefits have been accounted for and paid in the appropriate time period.
“While we are seeking to partner with our clients to ensure accurate employer and employee records, the truth of the matter is key information may be missed,” said Jeff Sorrell, PrimePay’s Vice President of Payroll and Benefit Services. “That’s why we are engaging our clients now, before the new deadline gets critically close. If caught early, we can ensure both the employees and the SSA get correct information the first time.”
