{"id":8188,"date":"2024-10-24T16:22:33","date_gmt":"2024-10-24T16:22:33","guid":{"rendered":"https:\/\/help.insperity.com\/hcm\/?post_type=ht_kb&#038;p=8188"},"modified":"2025-01-15T17:49:48","modified_gmt":"2025-01-15T17:49:48","slug":"2024-payroll-processing-deadlines","status":"publish","type":"ht_kb","link":"https:\/\/help.insperity.com\/hcm\/knowledge-base\/2024-payroll-processing-deadlines\/","title":{"rendered":"2024 payroll processing deadlines"},"content":{"rendered":"\n<p><em>(Updated 01\/15\/2025)<\/em><\/p>\n\n\n\n<p><strong>Processing deadlines<\/strong><\/p>\n\n\n\n<p><em>Note: Any corrections needed but not submitted prior to the December cut-offs, as outlined below, are subject to amendment fees.<\/em><\/p>\n\n\n\n<p><strong>STANDARD DEADLINES<\/strong><\/p>\n\n\n\n<p>Payrolls need to be submitted at least two banking days in advance of the check date to allow sufficient time for payroll funding and employee direct deposits to be received and posted by the check date. Due to strict banking rules, we will not make exceptions to the two-day rule. If you need to process one day before, you may be required to wire funds.<\/p>\n\n\n\n<p><strong>YEAR-END DEADLINES<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-b7761a7a1f252d6ad8649fea5ecfc203\" style=\"color:#ca2103\"><strong>Reminder: Process year-end adjustments early \u2013 2024 corrections needed after the December cut-off dates specified above will not begin until February 7, 2025.<\/strong><\/p>\n\n\n\n<p>No payrolls with a 2025 check date should be processed before you have completed the processing of all 2024 payrolls and adjustments. A few important points to remember:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-blue-color\">Bonuses and extra payrolls:<\/mark><\/strong>&nbsp;If you are paying bonuses or have extra payrolls that need to be included in your 2024 W-2s, notify your payroll specialist by<strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Dec. 13<\/mark>, 2024<\/strong>. (Note: Wiring of funds may be required.)<\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-blue-color\">Year-end adjustment cut-off date:<\/mark><\/strong>&nbsp;Payroll adjustments must be processed <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">by 3 p.m. CT on Dec. 13, 2024<\/mark><\/strong> Adjustments made after <strong>Dec. 13, 2024,<\/strong> may result in a W-2c for employees, along with amended tax returns and fees, if applicable. We encourage you to process adjustments well in advance of <strong>Dec. 13, 2024.<\/strong><\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-blue-color\">Fringe benefit adjustments:<\/mark><\/strong>&nbsp;Identify and schedule special payroll adjustments, such as group-term life, auto allowances, and other fringe benefits. Because some of these fringe benefits require tax withholdings, they need to be entered at the same time as a normal payroll run before the end of the year.<\/li>\n\n\n\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-blue-color\">Submission of Third-Party STD and LTD Payments<\/mark><\/strong>: Ensure all third-party disability payments (STD\/LTD) are submitted to your payroll specialist no later than <strong>Dec. 30, 2024<\/strong>.  \n<ul class=\"wp-block-list\">\n<li>After Dec. 30th: Any late submissions will require manual adjustments that will delay corrected W-2 reporting. Adjustments cannot be processed until after March 15, 2025, and will be subject to a fee of $350 per quarter.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Updated 01\/15\/2025) Processing deadlines Note: Any corrections needed but not submitted prior to the December cut-offs, as outlined below, are subject to amendment fees. STANDARD DEADLINES Payrolls need to be submitted at least two banking days in advance of the check date to allow sufficient time for payroll funding and&#8230;<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[],"ht-kb-tag":[],"class_list":["post-8188","ht_kb","type-ht_kb","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/8188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/comments?post=8188"}],"version-history":[{"count":8,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/8188\/revisions"}],"predecessor-version":[{"id":8744,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/8188\/revisions\/8744"}],"wp:attachment":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/media?parent=8188"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb-category?post=8188"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb-tag?post=8188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}