Time & Labor Holidays – Stratus Time Product
Part of the Year End process for our clients using Stratus Time is reviewing the holiday list for the upcoming calendar year for accuracy. Holiday lists determine which holiday’s employees…
Manual & Voided Checks for W2’s
If your company issued Accounts Payable or other manual payments to employees which have not been accounted for through the PlanSource HCM system, these wages and all associated taxes MUST…
Processing Third Party Sick Pay
On a monthly or quarterly basis an employer’s insurance provider issues a report indicating the STD/LTD benefit amounts that are paid out to their employees. These payments should be entered…
Grossing Up an Earning
What is a Tax Gross up ? There might be a time you want to pay an employee a specific amount. But, once you factor in taxes, that amount gets…
Time & Labor Custom Pay Periods – Stratus Time Product
Each year, we recommend our clients using Stratus time review their Payroll Policies and calendars for accuracy within the Time & Labor portal. If you used custom pay period dates…
Verify Employee Information
Engage your employees to review and correct any issues with their personal information or pay history before W2's are generated. Encourage emoployees to log into the web portal to review…
Blocked and Exempt Employees Report
This report indicates which employees are marked Blocked or Exempt from taxes in the HCM system. There is an important distinction between these two employee flags: BLOCKED EMPLOYEE: Refers…
Retirement Plan W2 Box 13
The Retirement Plan box on the Form W‐2 will be automatically checked if you have any plan funded via payroll deductions (401(k), 403b, etc.) You can review your employee population…
Deceased Employee Wage Reporting
(From IRS W2 Instructions) If an employee dies during the year, you must report the accrued wages, vacation pay, and other compensation paid after the date of death. Also report…