It is now time to calculate noncash fringe benefits and other amounts which must be added to 2013 payroll prior to year end. This can be done now; you need not wait until the end of the year. We are available to help you with the computations, and can also assist you in getting the information into your payroll system or correctly reporting it to your third party payroll processing service.
Generally, noncash fringe benefits paid during the calendar year are added to the last payroll of the year. We understand how busy December is, and the difficulty of accumulating information through the end of the year in time to have us do the calculations and then get it into your last payroll run. To alleviate this pressure, IRS rules allow you to cut off your calculation as early as October 31st. By acting now, you can gather the information, get it to us, have your computations back, and then decide in which of the remaining payrolls of the year you want to include noncash fringe benefits.
If you have questions or would like assistance with calculations or payroll processing related to fringe benefits, please call us now. At the latest, we must calculate your fringe benefits before your last payroll in December.
518 Arbor Hill Rd.
Kernersville, NC 27284
Ph: 336-996-3338
