Tuesday, July 4, 2017 is a banking holiday
Please be sure to include your payroll processing on your pre-holiday checklist.
Corporate Payroll Services and banks will be closed on Tuesday, July 4, 2017 in observance of Independence Day.
If you use direct deposit or CPS Checks, please submit payroll at least one business day early to ensure proper funding of employee bank accounts.
Independence Day Direct Deposit Deadlines:
Checks Dated On: Submit Payroll By:
Monday, 07-03-2017 Thursday, 06-29-2017
Wednesday, 07-05-2017 Friday, 06-30-2017
Thursday, 07-06-2017 Monday, 07-03-2017
Payrolls must be submitted prior to your branch’s cut off time to be processed the same day.
Payrolls submitted after your branch’s cutoff time on Monday, 07-03-2017 will not be processed until Wednesday.
Auto-run payrolls will be processed early to ensure timely funding of employee bank accounts.
If you have any questions, please contact your Payroll Specialist at your Branch Office.
Happy Fourth of July!
Scammers have a new ploy in their arsenal of tricks to separate taxpayers from their hard-earned money.
In this latest version of the phone scam, a caller claims that the IRS has sent two certified letters to the taxpayer that have been returned as undeliverable. The scammer then demands immediate tax payment through a prepaid debit card that they say is linked to the Electronic Federal Tax Payment System (EFTPS). And the caller threatens arrest if the payment is not made immediately. The scammer also tells the taxpayer not to contact their tax preparer, attorney or the local IRS office until after the payment is made.
EFTPS allows taxpayers to make federal tax payments electronically online or by phone. It is a free service and does not require the purchase of a prepaid debit card.
There are several clues that should alert the taxpayer that this is a scam. The IRS:
If you receive a call like this, the advice from the IRS is: Just Hang Up.
They also encourage taxpayers to report scams. For more information about this latest scheme and how to report a scam if you’ve gotten a call, you can read the IRS notice. If you have any questions about taxes you may owe, you can contact the IRS at 800-829-1040, or view your tax account information online.
Imagine peering into your mailbox and finding a check made out to you for $10,000. Are you:
1) Happy or
2) Not happy
Most would say “happy.” It’s $10,000. How could you not be happy?
For starters, some hope for a bigger check, perhaps from some sort of sweepstakes victory. For others, $10,000 might be inheritance from their multi-millionaire aunt or uncle. But the amount confirms that they weren't a favorite niece or nephew. For thousands though, a $10,000 check elicits unhappiness because it is a refund of the prior year’s 401(k) deferrals.
While many might be glad to have the extra cash, 401(k) refund checks can be bad news because:
October 1st is the deadline for having new Safe Harbor plans in place for 2017. Now is the time to begin exploring changes. If you already have a plan, then you have a little more time.
Bottom line, it takes a while to get a plan established. Don’t to wait until the 11th hour to try and set up or change your plan. Contact us if you would like to explore your options and avoid getting that unwanted 401(k) refund check.
Actify Investor Retirements, LLC dba Corporate Payroll Services. Investment advisory services provided by Actify Investor Retirements, LLC. Actify Investor Retirements, LLC is a Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein.
You and your family decide to rent a cabin in the mountains for a weekend getaway. You’re only a couple of hours from home, but it’s far enough that it feels like a mini-vacation. It’s Saturday evening and dinner’s on the grill.
You love the fact that your kids are playing outside–actually climbing trees and getting dirty! Suddenly, you hear your little guy scream. He runs crying into the cabin. When you ask what’s wrong, his big sister tells you she thinks a bee or wasp stung her brother.
The sting swells fast. You panic. Is it an allergic reaction? How bad is it? Maybe it’s nothing, but the swelling isn’t going away.
Luckily, your cabin has an internet connection. You pop open your laptop, sign into your employer’s telemedicine website, and connect with a doctor by way of video chat. The doctor looks at your boy’s arm through your webcam, confirms it’s most likely a wasp sting and explains that your son is having a “large local reaction.” In other words, it’s a localized allergic reaction—and nothing to worry about.
The doctor tells you that an over-the-counter antihistamine—which you already have on hand—will help but that no additional prescriptions are needed. Sure enough, the swelling subsides and the next morning your son is up and fishing by the stream with his sister after breakfast. Plus, a nurse calls back mid-morning to check and make sure your son is fine.
Telemedicine Success Stories Abound
This is just one of many illustrative stories where telemedicine positively impacts the lives of your employees. Let’s look at a few other anecdotes.
Take a break...
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