Jim Medlock

Payroll educator

[Jim Medlock @PayJim]

I am excited to announce I have been selected to speak at PayrollOrg’s EIPC in Aurora, CO. I’m presenting three sessions
· Make Using Analytics Applicable to You
· Best Practices for Recouping Overpayments
· Analytics: Improving Your Payroll Operation and Processes
#PAYOEIPC

[Jim Medlock @PayJim]

I am excited to announce that I am speaking at PayrollOrg's Payroll Congress! I'm presenting
- Nonqualified Deferred Compensation with Andy Garboden,
- 1099-NEC & 1099-MISC Reporting, and
- Cryptocurrency: What Should Payroll Know? with Daniel Thompson, Jr. #Paycon

[Jim Medlock @PayJim]

@Christophe80243 @PayNews #8 Christopher those are great another option is voter's registration. #paynews

[Jim Medlock @PayJim]

@IowaHawkCPP @BeckPay @PayNews I've had problems with states if we haven't timely closed the account. The worst was the Virgin Islands! #paynews

[Jim Medlock @PayJim]

@IowaHawkCPP @Christophe80243 @PayNews #3 Jodi what are you drinking? We all know payroll is the last to know #paynews

[Jim Medlock @PayJim]

@Christophe80243 @PayNews Unfortunately Christopher each of the 54 states has their own registration process, In my experence none are the same. #paynews

[Jim Medlock @PayJim]

@PayNews State tax/websites can be valuable but also can be frustrating as they are focused on individual taxes and it can be hard to find employment tax info #PayNews

[Jim Medlock @PayJim]

@PayNews I use APA's Guide to State Payroll Laws, APA's PayState Update newsletter and my favorite search engine on state web sites #PayNews

[Jim Medlock @PayJim]

@PayNews #1 I use APA's Guide to State Payroll Laws, APA's PayState Update newsletter and my favorite search engine with state web sites.

[Jim Medlock @PayJim]

@PayNews #1 I use APA's Guide to State Payroll Laws, PayState Update and my favorite search engine!

[Jim Medlock @PayJim]

@PayNews To provide more information online about the status of the account so we can research ourselves and not spend hours waiting on the phone #PayNews

[Jim Medlock @PayJim]

@PayNews A7 first I'd check with the tax department to see if they have any amounts due to the IRS. If they do, I'd have them write the IRS to move the amount transferred back to the payroll account #PayNews

[Jim Medlock @PayJim]

@PayNews A6 my first step would be to compare the notice to my annual reconciliation of W-2s to 941s to see if SSA is missing something #PayNews

[Jim Medlock @PayJim]

@cltriplett67 @PayNews You can always claim reasonable cause, providing the IRS with all of the steps that happened and promise you have changed procedures to ensure compliance in the future #PayNews

[Jim Medlock @PayJim]

@PayNews A5 ask the IRS for a statement of the account to match the IRS' records of deposits with your records of deposits

[Jim Medlock @PayJim]

@PayNews A4 when I was processing APA's payroll I balanced W-2s and 941s after EVERY payroll #paynews

[Jim Medlock @PayJim]

@TWalstrum A3 did you claim any of the COVID credits with 941-X? #paynews

[Jim Medlock @PayJim]

@PayNews If you've filed a 941-X to claim a COVID credit, it may be a while and could cause a notice as the IRS has over 150,000 941-Xs in backlog processing #paynews

[Jim Medlock @PayJim]

@TWalstrum @GreytGold it's important to use the 941 Schedule D to explain the differences between 941 and W-2s when there is a transaction causing them to be out of balance #paynews

[Jim Medlock @PayJim]

#1 the IRS records show that payroll tax deposits penalties are the most frequently issued employment tax penalties #paynews

[Jim Medlock @PayJim]

@TWalstrum putting the hold on the account is very important to keep additional penalties and interest from accruing #paynews

[Jim Medlock @PayJim]

Q2, first step is review it carefully against records and if it is confusing be sure to request the IRS to put a hold on the account #paynews