Review Your December Deadlines and Stay Ahead of Schedule
The holiday season and year-end seem to swirl together into a December that just zips on by! Don’t get caught in the last minute tangle; review your December year-end deadlines now to ensure each task will be completed by the deadline. Up this month is a lot of work on statements – make sure you’re reviewing everything carefully. Also, we recommend assigning the January verification staff as early as possible to be certain you’re able to review all reports in a timely manner.
Don’t Forget That 2020 is a Leap Year
The upcoming year is a leap year! Be sure to keep that in mind while completing monthly verifications and calculating accruals/interest. Contact a Client Service Representative for more information on what this means for your verifications and calculations.
A Special Note for Credit Unions Offering 1042-S Forms
If your credit union intends to generate 1042-S forms for members, please note that prior to December 31st, your credit union must ensure that the feature has been activated and that you’ve flagged all eligible members with the correct information needed to complete the tax form. See more information in the year-end supplement, Producing 1042-S Tax Forms.
Keep Up to Date With All the Tasks and Deadlines in the: