Payroll Deadlines for Holiday/Winter Break

Biweekly Payday: December 29, 2005
Direct Deposit: December 29, 2005
Checks: Mailed to arrive December 29, 2005

Semimonthly Payday: December 31, 2005
Direct Deposit: December 30, 2005
Checks: Mailed to arrive December 30, 2005

Eliminate delays, sign up today for direct deposit of your paycheck !

Note for those without direct deposit: Due to the holidays, there are likely to be postal delays.

Checks received by units before winter break that are not distributed to employees must be returned immediately to the Payroll Office.

For Pay Period Ending: December 21, 2005
Biweekly Approval Deadline: 8:30 a.m., Thursday, December 22, 2005

Winter Break Time Corrections
Corrections to reported time during the winter break must be processed as prior-period adjustments in January 2006.

Overpayments
All overpayments must be resolved by December 9, 2005. Overpayments settled after December 9, 2005 must be repaid at the gross amount, not the net amount.

2006 Tax Information
Before leaving for winter break in December 2005, make sure you:
•  Check your address on the front of the check or advice, because all tax documents (W2, 1042S, 1099) will be mailed to that address
•  Ensure the name and social security number on your check/advice are identical to those on your social security card
•  Complete a new W4 (Employee Federal Income Tax Withholding Allowance Certificate) by December 15 if you want to change your tax withholdings for 2006
•  Submit an IT-2104 (Employee's Withholding Allowance Certificate) if you want different withholding for your state tax. Otherwise, your withholdings will be based on the W4

Note: If you have ever submitted an IT-2104, continue to use it. If you have never used an IT-2104, your New York State tax withholdings will be based on the W4. Forms are available from the Payroll Office or from the payroll representative in your unit.

Exemption from Federal or State Income Taxes Expires February 15, 2006
To continue exemption from federal or state income tax, new W4s (Employee Federal Income Tax Withholding Allowance Certificate) for federal income tax withholding and/or form IT-2104-E (Certificate of Exemption from Withholding) for New York State tax withholding must be completed and returned to the Payroll Office no later than February 5, 2006.

Ditch the ACP Wait-List!
Did you know you could complete the Accounting Certification Program (ACP) by enrolling in the same courses individually? All of the courses within the program are offered separately, which gives staff another opportunity to enroll and allows DFA to offer the same program to a larger number of attendees. You can apply these courses toward your accounting certification! So, ditch that wait-list, and get your accounting certification now!

For more information, visit the Finance Training website.

Avoid Penalties and Waiting for Courses
As of September 1, 2005, departments are being charged a non-attendance fee of $35 if the registered student does not attend the workshop. To avoid this penalty, please cancel your registration within two business days of the course date.

If you have been placed on a wait-list for a specific class, please register for the next available class also. This way, not only will you be alerted if a seat becomes available, but you will be sure to have a seat for the next opportunity.

For more information about course registration, see the Finance Training website at training.finance.cornell.edu .

August ACP Graduates
Click to enlarge and view names of Accounting Certificate recipients .

The fifth class of the Accounting Certification Program (ACP) held its graduation in August 2005.  The next session of ACP training begins January 4, 2006.
For other available training and dates, please visit the DFA Training  site.