Welcome to The Payroll Company Connection. We hope that you find this content useful.
Please feel free to forward this newsletter to a friend
. E-mail Page

If you would like to be removed from future newsletter mailings, just send us an email with "Unsubscribe" in the subject line.

  • Important End of Year Information
  • Payroll Company Calendar
  • Seminar (Year End Events)
  • Time Saver of the Quarter!
  • Customer Support Corner
  • Employee Profile
  • News& Useful Links

If the IRS or your STATE REVENUE DEPT has notified you of a change in your DEPOSIT FREQUENCY, we need to know! Forward us any letters you receive regarding your 2007 tax deposit requirements.

Any 2006 payroll adjustments, including 3rd Party Sick Pay records must be submitted to TPC by December 26, 2006!

You must forward your 2007 UI Rate(s) Notices to The Payroll Company.

IMPORTANT! PLEASE FORWARD YOUR VOLUNTARY CONTRIBUTION NOTICE TOTHE PAYROLL COMPANY

Each year employers have the option of making an extra contribution, which is credited directly to their June 30 account balance and is used for the purpose of lowering their UI rate for the following year by one rate bracket on the rate schedule. This extra payment is called a "voluntary contribution".

A "voluntary contribution" is a payment over and above your required quarterly contributions and directly affects the account balance used to determine your next year’s rate. You may submit a voluntary contribution to obtain a lower rate for the upcoming year only in November of each year. These payments must be postmarked by November 30. It is not always advantageous to submit a voluntary payment, as this payment might be more than the savings you realize.

Send or Fax your Notice to The Payroll Company, Inc. and we will calculate (free of charge) whether it would be advantageous for you to make a voluntary contribution. Fax (888) 381-5521

MAIL YOU CAN FILE or THROW AWAY
Pre-printed Reports:
941
940
State Unemployment
State and Federal tax deposit coupon books
Pre-printed State tax forms
State UI Account Statement


Please be aware that some of these reports also include informational news from the regulatory agencies. You may want to peruse this info prior to discarding.

MAIL YOU NEED TO FORWARD
Forward the following:
Any notice of tax, penalty, or interest due
Unemployment Insurance Tax Rate Notice(s)
Notice of change in filing frequency
Notice of change in deposit frequency


Please forward via US mail or fax (888) 381-5521

 

Due Date Description Client TPC Other
Thursday, Nov 23, 2006 Thanksgiving Day- Federal Holiday TPC closed
Friday, Nov 24, 2006 Friday after Thanksgiving Day TPC closed
Friday, Dec 8, 2006 TPC Year End Seminar for Year End Issues
Monday, Dec 18, 2006 First day SSA allows submission of W-2 Information
Friday, Dec 22, 2006 TPC closed at 12:00pm
Monday, Dec 25, 2006 Christmas Day- Federal Holiday
Tuesday, Dec 26, 2006 Fringe Benefit Info and 3 rd Party Sick Pay Info Deadline
Friday, Dec 29, 2006 TPC closed at 12:00pm
Sunday, Dec 31, 2006 4 th Quarter End- Year End 2006
Monday, Jan 1, 2007 New Years Day- Federal Holiday TPC Closed
Saturday, Jan 6, 2007 W-2 Processing at The Payroll Company
Monday, Jan 15, 2007 Martin Luther King’s B-day- Federal Holiday
Wednesday, Jan 31, 2007 W-2’s and 1099’s are due to employees
Wednesday, Jan 31, 2007 All 4 th Quarter Tax Returns due
Wednesday, Jan 31, 2007 945 Annual Return of FWT due
Wednesday, Jan 31, 2007 940 & 943 Annual Return due
Monday, Feb 19, 2007 President’s Day- Federal holiday
Sunday, Mar 31, 2007 1 st Quarter End
Sunday, Mar 31, 2007 W-2, 1099 and W-3 Online Electronic Wage reporting due to SSA

When: December 8, 2006 8:30AM - 10:30AM

Presenters:
Eric Schroeder, CPA
President The Payroll Company

Wisconsin Department of Revenue

Topics: ( Complete Seminar Syllabus (click here) )

  • Taxable fringe benefits
  • Supplemental wages
  • Moving expenses
  • Personal use of company cars
  • Group-term life insurance
  • Employer-paid benefits
  • Year-end reporting issues
  • Verifying social security numbers
  • Employee year-end notices

Where:   The Madison Club
5 East Wilson
Madison, WI 53703 
 
Cost: Free (continental breakfast provided)

Registration:
Please RSVP by December 4th. Simply complete our online registration or call (608) 268 - 2930.

(click here)

Now you can seamlessly apply payroll information to your general ledger.  Online Employer’s General Ledger provides you—or your accountant—online access to payroll data with every payroll. You instantly save time, reduce errors, and increase flexibility with the General Ledger Reporting tools available though Online Employer.

Today, Online Employer’s General Ledger reporting is available for QuickBooks users. These tools will ultimately become available for other accounting packages as well.

Benefits of Online Employer General Ledger include:

  • Flexible solution to chart total net pay or each paycheck
  • Distribute payroll expenses to multiple accounts and/or departments
  • Improves accuracy – no double data entry
  • Direct online access by your accountant or auditor
  • New file received with every payroll
  • No third party involvement to apply payroll data to your general ledger

 



  • Check out http://www.payrollcompany.biz/fringe for Excel worksheets that enable you to calculate proper income inclusion amounts for Company Owned/Leased Vehicles and Group Term Life Insurance policies with a face value in excess of $50,000.00. This page also contains full IRS documentation regarding non-cash (fringe) payments.
  • Use support@payrollcompany.biz to communicate information via email. Confirmations of receipt are generated and delivered immediately, so if you don't receive a confirmation that your email was received, please re-send.
  • We intend to process your 2006 W2 forms in early January, with delivery by January 17, 2006. Your prompt replies to our SSN Verification and Fringe Benefit Information requests (coming in early December) will result in your W2's being processed and delivered more expeditiously than those who delay submitting this information.
  • The Payroll Company has recently implemented procedures to confirm receipt of all faxes sent to us at 608-268-2929. Confirmation emails are being sent when an email address is on file. Please make sure we have your current email address on file. Our fax reception center is staffed continuously between 8:30 and 4:30 CST, faxes received after hours will be confirmed the next business morning.

The Payroll Company is pleased to announce the hiring of Rick Rusch.

Rick joins The Payroll Company as Director of Partner Relationships. In this role Rick's focus will be on identifying and creating strategic partnerships for The Payroll Company. Rick's experience in business management and marketing combined with his robust network will be an asset for this role. Rick is an avid outdoorsman with fly-fishing and hunting at the top of his free time "To Do" list.

We're sure you will find Rick to be a great addition to our team.

Rick Rusch
Director of Partner Relationships
Payroll Company, Inc.
608-268-2930 In Madison
877-277-2926 Toll Free
888-381-5521 Fax
rickr@payrollcompany.biz

Payroll Company Help www.payrollcompany.biz/help

Fringe Benefit Year End Calculation Worksheets www.payrollcompany.biz/fringe

Payroll Company Peace of Mind through Communication2 (online support) www.payrollcompany.biz/pmc2

Refer a friend and receive one free payroll Click Here

Payroll Company Forms www.payrollcompany.biz/forms

State Online Forms Library www.payrollcompany.biz/stateforms

Federal Online Forms www.payrollcompany.biz/federalforms

IRS www.irs.gov

IRS: Around the Nation (IRS news specific to local areas) www.irs.gov/newsroom/article/0,,id=98936,00.html

IRS: Whats Hot (new programs, recent guidance, or timely reminders) www.irs.gov/newsroom/article/0,,id=97322,00.html

Small Business Administration www.sba.org

American Payroll Association www.payroll.org

Independent Payroll Providers of America Association www.ippa.net/about/