How to Handle Payroll Corrections and Tax Filing Adjustments

To ensure accurate payroll reporting and avoid additional fees, it is crucial to complete all payroll corrections before the close of each tax period. These corrections should be processed as an off-cycle payroll to ensure the correct amounts are recorded on payroll reports for tax filings.

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Key Deadlines and Implications

Before the Close of a Tax Period:

• Submit any additional wage information or payroll corrections through your Homebase account before the tax period ends.
• This ensures that the payroll reports are accurate and prevents the need for amendments.

After the Close of a Tax Period:

• Adjustments to wages for a closed tax period will require amendments to your tax filings.
• If the correction impacts a closed tax year, W-2 corrections will also be necessary for any affected employees.

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Amendment Fees

Homebase charges a $200 fee per quarter for any required amendments. To avoid these fees, we strongly recommend submitting all payroll corrections before the close of the impacted tax period.

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Requesting a Payroll Correction for a Closed Tax Period

If you need to request a payroll correction for a closed tax period, please reach out to support from the help page.

• Employee Name
• Earning Hours
• Earning Amount
• Earning Type (e.g., regular, overtime, bonus, etc.)
• Tax Breakdown

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Additional Notes

• Provide clear and detailed information in your request to ensure a faster resolution.
• If you do not have the tax breakdown, confirm in your email whether you’d like Homebase to calculate it for you.
• Homebase will not calculate withholding taxes on adjustments unless you provide the withholding amounts in your request.