As another year draws to a close, your RKL team has compiled payroll and other tax-related information to help you manage your 2016 reporting requirements and plan for 2017. To improve convenience and ease of use, we’ve formatted this information into a handy reference guide for payroll information.
Here are a few things to keep in mind this year:
- W-2 New Filing Due Date: The new due date for filing W-2s and W-3s with SSA is now January 31, 2017.
- 1099-MISC New Filing Due Date for Nonemployee Compensation: The new due date for reporting non-employee compensation (Independent Contractor) on 1099-MISC, box 7 with IRS is now January 31, 2017 when you file using paper forms and electronically. All other types of 1099s are due February 28, 2017 if filed using paper or March 31, 2017 if filed electronically.
- Pennsylvania Electronic UI Tax Payments: Effective January 1, 2017, for any quarter when a Pennsylvania employer accumulates a total liability of at least $5,000 the employer must pay those amounts electronically. After an employer is required to pay these amounts electronically the employer must pay unemployment tax electronically for all subsequent quarters regardless of the total unemployment related liabilities.
If you would like RKL to help you prepare your 1099s, please complete this worksheet to start the process.