It’s Fall! Is your Property Management Company Ready for Year End?

Posted by Guest Post on September 4, 2013

Get ready for tax season with TOPS

Guest Post by Dynamic Systems

We're rounding the corner of fall, and if you don’t want to be that guy shopping in the mall at 11:59pm on Christmas eve, that means it’s time to start thinking about and preparing for end of year and all that conveys. Here are some helpful hints for the upcoming tax form season that can help you get off on the right foot when Christmas rolls around (only 111 days left!)

  1. Order enough forms – Don’t forget to include employees who worked only part of the year such as temps or project help when determining how many forms you require. Also, consider the number of forms you may need for reprints due to employee loss or damage.

  2. Update your software - W2 and 1099 formats have changed from last year. Therefore, it is necessary to update your software with the correct layouts before printing your 2013 forms.

  3. Order early - Although it is not always possible to place your order before the end of the year, try to order your forms as soon as you can. W2s and 1099s are dated forms that are produced in limited quantities. Waiting until the last minute to order your forms may cause unwanted headaches and delays.

  4. Confirm your shipment upon arrival - When your tax forms arrive, take the time to carefully review them. Identifying issues early will allow you the necessary time to get them corrected. Did you receive only half of what you ordered? Consider that with (2) to-a-page formats (50) sheets will yield (100) forms.

  5. Give yourself sufficient time - Printing your employees’ tax forms is only part of the overall process. Depending on the format used, you may also have to detach the forms from one another, collate them, stuff them into envelopes and then put postage on the envelopes. Consider the whole process when determining the amount of time you need to complete the task.

 


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