The end of the year can be an overwhelming time for human resources professionals. Short-term support from Smart HR can ease the influx of tasks and questions that arise as your organization wraps up the year’s business and prepares for the year ahead.
Whether you need some extra help with specific year-end or planning-related human resources tasks or you are looking for general support, we can provide valuable guidance and assistance. Here is a look at some of the year-end management and planning tasks we can help with.
Payroll Year-End Support
Our team can provide short-term support during this peak activity period for payroll. We provide full W-2 review and reconciliation services, including balancing to quarterly 941s and the Master Control, delivering the final reconciliation worksheet, ensuring data appears in the proper places on forms, and recommending fixes to any issues that arise.
Smart HR can assist with year-end payroll tax obligations and bonus payroll processing, Our team can help with employee data updates related to benefits deductions, pay rate changes, promotions, and 401(k) contribution changes. In addition, we can explain any legislation that is expiring or coming into effect that could impact your payroll practices.
Performance Management
The end of the year is often set as the closing point of performance appraisals. We can assist in designing, enhancing, assessing and introducing effective performance management programs. Whether you need a review of your performance management technology system, help developing appraisal forms and determining competencies to measure, or guidance in creating performance appraisal timelines, our team can assist.
Employee Benefits Administration Services
Smart HR can serve as a full-service employee benefits administrator for your organization, managing communication between your vendors and employees and providing support for new plan rollouts, open enrollment management, employee changes, benefit summary administration and statement reconciliation.
Affordable Care Act Reporting Services and IRS 1094/1095 Form Assistance
As the year comes to a close, many employers must complete IRS Forms 1094 and 1095 to communicate the benefits they provided employees throughout the previous year. Our team can prepare these forms on your behalf, guide you through the Affordable Care Act (ACA) reporting process, and file the forms. We can also help you establish and implement an effective ACA strategy for the coming year.
Employee Handbooks & Policy Updates
The new year is the ideal time to update your employee handbook and make changes to any policies that need to be amended. Our team can help you create or update your organization’s handbook so that it reflects your company’s culture while remaining compliant with all local, state and federal standards.
Other Year-End Support And Planning Services
We can assist with a broad range of year-end support and planning activities, including:
- Compensation planning and design
- Benefits administration and open enrollment
- HR compliance, focused audits and assessments
- Leadership development
- Remote work assessments
- Salary benchmarking
- State tax registrations
Get In Touch With Smart HR
To learn more about how your human resources team can support your business at the end of the year, get in touch with the friendly and experienced professionals at Smart HR.
