TBM Year End Schedule of Operations
December 12, 2016
Client Memo: NYS DOL Increases Salary Thresholds - TBM Payroll
Client Memo: NYS DOL Increases Salary Thresholds For Exempt Executive And Administrative Employees – Effective 12/31/16
December 29, 2016
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TBM Client Memo

TBM Client Memo

TBM will be closing early Friday December 23rd and will be closed for the Christmas holiday on Monday December 26th.   We will also be closing early on Friday December 30th and will be closed for the New Year’s Day holiday on Monday January 2nd.

Payrolls with a pay date of Monday or Tuesday should be received and processed either Thursday for a Friday pay date orFriday by noon for a Tuesday pay date.  This processing schedule is necessary to make sure that direct deposits will be available to employees

Direct deposits and ACH’s due on Monday will be processed one day earlier than normal to accommodate the banking holiday on Monday. If your ACH processing day is on Monday the funds will be pulled from your account on Fridayfor both December 23rd and December 30th.

Please submit your payroll as early in the week as possible during both of the holiday weeks.  This will help facilitate smooth processing and on time delivery.

IMPORTANT DEADLINES FOR END OF YEAR

The deadline for submitting bonus payrolls is Friday December 16th, 2016. All bonus payrolls must be paid up front via wire/ACH prior to their release.

Our end of year processing will begin on Thursday December 29th at 12 Noon. This process should be complete around3PM. PLEASE NOTE- During that time span, there will be NO payroll transactions processed and the 2016 payroll year will be closed for any more transactions.

W-2’s will be processed and mailed to employees no later than January 31st, 2017.

From all of us at TBM, have a safe and happy holiday season!