Full-Service HR

Simplify Year-End Payroll and W-2 Processing

Chelsea Bikner
Payroll and W-2 Processing
Reading time 3 Mins
Published on Nov 26
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The end of the year is creeping up on us already. Are you feeling the stress of year-end payroll and W-2 processing creeping up on you? Ensuring that all of your employees receive their year-end pay statements and W-2s on time isn’t only nerve-racking for you and your human resources team, it’s also the law. Federal law requires that your business provides W-2s to all workers and 1099 to all independent contractors and vendors no later than January 31, 2019. If all the hassle of year-end payroll and W-2 processing is starting to wear on you, here are some ways that a PEO can help simplify the process for you.

Payroll and Payroll Tax

Payroll is one of the most important tasks that a small or mid-size business can outsource. Owners and manager spend an average of 6 to 10 hours per week on payroll processing. In addition to taking time away from other valuable tasks in your company, payroll processing and payroll tax can be costly in other ways. Frequent changes in the tax code can result in high penalties and stiff fines resulting from incorrect withholdings and reporting.

Sheakley’s Human Capital Management application comes complete with Payroll Processing Services, Time and Labor Management, Employee Onboarding tools, ACA Management and online Benefits Enrollment. This complete payroll administration solution offers everything from basic payroll processing to electronic tax filing, while helping you manage costs and stay compliant. Since a PEO acts as a co-employer, Sheakley’s team will ensure that each employee is paying the appropriate payroll taxes to the appropriate entities at the appropriate time.

Stay organized

A quality HCM platform will offer a streamlined and user-friendly interface to reduce clutter and make it easier to access the information you and your employees need. By storing all of your critical information in a single source, compiling all of your HR paperwork and tracking needs, and allowing employees to access and update their information as needed, an effective HCM platform will allow you to stay organized and become more efficient.

Instead of having to remember to ask all employees to email or drop off their updated contact information, you can simply send an email to employees directing them to use the HCM to update their information as needed. The HCM also allows you to ensure that none of your employees had excess retirement contributions and can quickly and easily produce reports for ACA Annual Reporting requirements.

Let Sheakley make your payroll and W-2 processing simpler

Don’t let year-end payroll and W-2 processing get the better of you. Sheakley’s PEO solutions deliver top notch human resources services without the necessity of an HR manager on your team. The technology tools offered by Sheakley allow for easier management of your employees PTO, vacation, check stubs and W-2s. The training and on-going education opportunities Sheakley offers to your supervisory staff will ensure that the day-to-day management of your business remains compliant.

Learn more about Sheakley’s PEO team and contact us for your free consultation today. Stay up-to-date on all things Sheakley by subscribing to our blog and following us on social media. Join in the discussion by commenting below.


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