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2018 Year-End Payroll Filing, ACA Reporting

The end of 2018 is quickly approaching, bringing with it a multitude of annual reporting and filing requirements. If employers do not carefully plan ahead, meeting year-end obligations can be confusing and overwhelming. Careless mistakes can lead to costly penalties.

The already-daunting tasks of closing out the year's payroll and complying with the Affordable Care Act (ACA) on time became even more challenging ever since the paper and electronic filing deadline for Forms W-2, and Forms 1099-MISC provided to independent contractors, was moved up by as much as two months, starting in 2016. The deadline for these forms is now January 31 - the same day that copies are due to payees. This leaves employers with little margin for error.

The following are the key challenges and deadlines of which employers need to be aware.

Limited Filing Extension Requests