The Power of Speed: APlus Payroll’s Quick W2 Processing Time, Its Impact on Your Business, and the Reason Why We Do What We Do
by Paul Devlin
It all started back on January 1, 2004 when our CEO Brian decided to impress our first clients by getting a head start on their W-2’s by coming into the office on January 1st and began processing them. By the time the office ‘officially’ opened again after the holiday, he was already ahead of the game and he hand delivered some of the bigger batches, along with donuts, on January 2. What a way to impress! Since then, every January 1, the team comes in and does the ‘W-2 Dance’ to prepare for the New Year. Even though we have grown beyond even what we thought both in terms of clients and team size, by January 11, everyone who has submitted their end of year payroll correctly will have their Company W-2’s processed and on the way to them.
So why do we bother? Why is it that important? Well apart from it being fun. let’s give you just 3 basic reasons:
- Tax season can be a stressful time for both businesses and employees – With the rush to meet deadlines, file accurately, and avoid penalties from the IRS, any service that can streamline this process is invaluable.
- The Tax Season Rush – According to the IRS, millions of taxpayers file their returns in the first few weeks of tax season. This surge puts tremendous pressure on businesses to provide accurate W2 forms promptly. Any delay or error can result in fines, ranging from $50 upwards.
- We never forget that behind every payroll is a person – There are many families who rely on that tax refund to help them maybe pay a bill, fix a car, or simply create that buffer of a savings account. This quick turnaround time allows employees to file on time, ensuring they receive their refunds without unnecessary delays.
Since then we have made it a point to go above and beyond for our clients, and we still do. Happy New Year and thank-you for being that reason we serve.