We want to remind our clients of important information to be thinking of as the year comes to a close. Often forgotten are these filing requirements with the Internal Revenue Service (IRS). Items to be completed by mid-December include the following so that they may be added to year-end payroll.
1. S-Corp Health Insurance paid on behalf of the more than 2% shareholder-employee and family members – Click here for additional information on S-Corp Health.
2. Auto Fringe Benefits for the company owned vehicles used by employee and owners – Click here for additional information on Auto Fringes.
1099s should be completed in early January but gathering of the information should start as soon as possible – Click here for additional information on 1099 Requirements.