Your 2020 COVID Payroll Year-End Checklist
With December comes the reality that many 2020-specific rules, relief and deferrals expire at the end of the month. This means vigilance is required of payroll professionals in reviewing and re-reviewing checklists and preparing for changes that literally happen overnight on December 31st. Ana Woods-Hill, CPP, Manager of Managed Payroll with Wise Consulting, prepared a…
ACA and Year-End Considerations You Need to Review
With so many rules and regulations swirling around regarding ACA processing, year-end tasks and FFCRA limits, it’s important to review tasks and issues with a fine-tooth comb. That’s why the Wise team put together year-end and Affordable Care Act (ACA) notes to help keep you informed and compliant as 2020 comes to a close. Some Year-End…
Be Aware of FFCRA & CARES Limits
The COVID-response acts are meant to help employers and employees during an unusually difficult year. It is important for employers to understand both the opportunities and the limitations of these acts. As we roll into the fourth quarter of 2020, revisiting the limits might help with reconciliation, balancing and compliance. FFCRA Limits: Personal Sick…
A Year-End COVID Watch List
While this list is far from comprehensive, hopefully it will highlight some of the different considerations COVID legislation has brought to year-end as well as some sound suggestions. Wise payroll professionals are working with clients to save them money, help them claim back money in the form of FFCRA and CARES credits, remain compliant on…
Are you Ready for Year-End?
If year-end isn’t on your radar as September 2020 rolls in, it would be a good idea to move it up the priority list. As eager as most of us are to see 2020 depart, we must first manage a more-complex-than-usual year-end. Wise Tax Compliance Manager, Lynn Lauricella, CPP, reports that her team is preparing…
Tax Jurisdiction Registration – A Necessary Evil
With year-end approaching (hello, September!) in a year that has been riddled with irregularities, getting ducks lined up is imperative. This includes completing vital tasks such as tax jurisdiction registration. It’s not always fast or easy, but you can’t complete W-2’s without those pesky withholding account numbers. Here, the Wise tax team shares some things…
COVID Considerations for Open Enrollment
Nothing is going untouched by the pandemic in 2020, open enrollment included. Much of the impact will be unique to each organization based on their experience of navigating the past four months of COVID-19 issues. Not all industries have been challenged in the same ways, not all employee populations have suffered the same rates of…
Achieving a Smooth Open Enrollment For Your Business
“Begin with the end in mind,” suggests Wise Consultant Janice Burnett, CPP, PHR. “When is your vendor expecting to get an open enrollment file from you? What is the drop-dead date? Take that date and work back from there.” Janice estimates that 10-14 weeks before your vendor expects your file is when you should begin…
You Could be Eligible for More COVID Credits Than you Think
At Wise, we are hearing from companies who either don’t think they can claim any payroll tax relief through the FFCRA and CARES Acts, or who are wondering if they should bother trying. Our tax team understands that it’s easy to feel overwhelmed because tracking payments and credits sounds like a lot of work on…
How COVID is Changing Payroll and Year-End
How bad will 2020 year-end be for people who are not preparing now? “It’s going to be bad,” predicts Cory Makle, FPC, Client Payroll Specialist with Wise. “Because of everything that’s going on, starting now is a good idea. If you’re not looking up until later, you are going to have problems. You definitely have…
Implementation Support
Wise works as a skilled, experienced extension of your team to help you make the best decisions for your organization’s unique needs throughout the life-cycle of your critical implementation project.
Payroll Support
Fully certified Wise payroll experts have valuable practitioner experience and a commitment to staying on top of tax regulations, security and compliance issues.
HCM Technology Support
Experienced, knowledgeable Wise consultants offer expertise to fix stubborn problems and complete critical projects that help you optimize your HCM technology.
“We have a very skilled team and yet every time we are interacting with Wise, you
guys are teaching me something. Augmenting staff with best practices from someone
who has been there before really helps the pace of an integration project. We think
of Wise as members of our own team and grant them that same level of autonomy.”
Carl Schleyer, Vice President
Total Rewards And Human Resources For PSAV