w2 Archives - Abacus Payroll

Upcoming Small Business Filing Deadline You Don’t Want to Miss

January 21, 2020 | posted by Abacus Payroll

Form W-2s and most 1099-MISCs are Due Jan. 31 If you own your own business or have a side business in addition to your regular job, you may need to send out several IRS forms by Jan. 31 this year. The deadline is for forms you issue to employees and others who were paid as […]

Payroll Basics: FAQs for Getting Started with Payroll for Your Business

July 11, 2019 | posted by Abacus Payroll

Happy employees are employees who are accurately paid on time each pay day. That’s one area of running a business where no one likes surprises. However, navigating payroll setup for a new business can get overwhelming quickly if you’re not organized or partnered with an outsourced payroll specialist. Following is a comprehensive list of frequently-asked-questions […]

Gone Phishing: How HR & Payroll Pros Can Be Proactive Against Scams

January 31, 2018 | posted by Abacus Payroll

In wake of the recent W-2 phishing scams, you may be wondering how you can protect your business from phishing attacks. In short: you can’t. You can, however, educate your employees to ensure that phishing emails and other forms of communication go unanswered. Here are a few things to look for when trying to spot […]

Lessons Learned from the Recent W-2 Phishing Scams

March 30, 2017 | posted by Abacus Payroll

Lessons Learned from W2 Phishing Attempts

You’ve probably heard in the news in recent months (see here, and here, and here…) about W-2 phishing scams specifically targeting payroll professionals, human resources executives, and even CEOs. First, know that “phishing” attacks are malicious internet links that masquerade as legitimate inquiries, websites, or forms. After compromising information from literally thousands of W-2s this […]

Avoiding W-2, W-3, and 1099 Mistakes

January 19, 2017 | posted by Abacus Payroll

Accuracy is important, and this is doubly true when submitting your company’s payroll at the end of the year, but with so many forms to keep track of, mistakes are hard to avoid. Here are a few ways to prevent costly errors on your W-2, W-3, and 1099 forms. Common W2 and 1099 Mistakes […]

New Filing Deadline for Employer W-2s and 1099s

December 12, 2016 | posted by Abacus Payroll

Traditionally speaking, January 31st has been the date by which employers must provide their employees with tax forms. However, 2017 brings about a drastic change to this system: January 31st is now also your IRS/SSA filing deadline. As such, your distribution and filing processes will be far more compressed this year than they have been […]

Small Business Payroll: Compensation of Terminated Employees

September 22, 2015 | posted by Abacus Payroll

If you’re a small business owner facing the decision to let an employee go, make sure you are aware of the proper way to handle their compensation, benefits, and other payroll matters. The laws surrounding the compensation of terminated employees are tricky business. Laws vary widely between states, federal guidelines don’t exist in […]