New Hire Reporting
When a business adds employees to its workforce, federal new hire reporting laws require that key information about those who are newly hired, or newly rehired, be provided to the Employer New Hire Reporting Operations Center (located in the Texas Office of the Attorney General). Employer new hire reporting in Texas must be done within twenty days of the hiring date (if completed electronically, different time allotments come into play). Not completing the correct records and forms for your new hires can result in fines or more severe penalties to your business.
The Why Behind Accurate Employment Reporting
The required information and the requested details for new hires are used to help prevent a number of possible problems. By completing the reporting process, you can:
- Prevent fraud in the area of claims for unemployment benefits, worker’s compensation, or public assistance
- Determine eligibility of claimants
- Allow the state to locate parents faster and increase child support collections
- Protect the UITF (Unemployment Insurance Trust Fund) by preventing, or quickly detecting, overpayments
- Facilitate the speedy recovery of overpayments, returning them to the UITF in a timely manner, thereby keeping unemployment taxes low
Professional New Hire Reporting Services
If you have employees, failing to meet the mandates of the federal reporting requirements can result in a minimum fine of $25 per offense and can escalate if more are missed. This can be a stiff price for something that, in most cases, may simply have been an oversight or a deadline missed by a day.
At Chandler & Knowles CPAs, we take on this responsibility for you, reporting all of your new employees, with all the required data, on time. For those employers that have a high turnover rate, out of state employees, seasonal or temporary workers, or who rehire the same individuals for certain jobs, our help can be the difference between compliance and violation.
Because we are committed experts in this field, our knowledge of the Texas Administrative Code provides the assurance you need to know that your reporting is handled professionally, so you and your business are never at risk.
Get New Hire Reporting Support with Chandler & Knowles CPAs
To take advantage of our new hire reporting services, contact the offices here at Chandler & Knowles CPAs to set up your appointment. We will review your business with you and check to make there are no delinquencies or other problems to address. Following that, we will structure a reporting system that works best for your business. In many cases, working with us on payroll administration, direct deposit, or any of our small business services is the easiest and most efficient way to notify us of new hires so that all of your deadlines are met.
Instead of taking time out from your busy day to handle a tedious task such as federal reporting, or having to worry if all the correct information was passed along as it should be and not lost in the shuffle, rely on the expertise of the professionals at Chandler & Knowles. We’ll handle these tasks so that you can devote your valuable time to the less bureaucratic aspects of your business to keep it growing strong. Contact us today by calling us at 817-430-3000 or filling out our online contact form to schedule your appointment at one of our two offices in either Flower Mound or Addison, TX.
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"I recommend Chandler & Knowles CPA's without hesitation, and we look forward to working with Rochelle, Kristy and the rest of the C&K staff for another 7 years and beyond!"
~ Tony Rex, CEO of Medical Experts of Texas, P.A./Premier Inpatient Management Services, LLC
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