This is an important Year-End review step that will help you avoid not only the inconvenience, but the extra costs due to requesting a W-2C for easily prevented errors. A useful time saving option available to let your employees verify their information is providing them with a copy of their employee profile. This option allows your employees to quickly review their information and to provide you with any corrections needed prior to receiving their W-2.
Make sure your employees verify the following:
- Is their social security number correct?
- Do they have a current mailing address listed?
- Have they had a name change or do they notice spelling errors?
Avoid Costly Employee Information Errors!
Did you know that incorrect Social Security Numbers are one of the top reasons that companies have to provide employees with corrected W-2s (W-2C)? This is not only frustrating and time consuming, but the costs can add up quickly, a minimum of $170 per W-2C ($85) and W-3C ($85)