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ATTACHMENT C Bulletin 16013 2015 Calendar Year End Payroll Processing 2015 Year W2 Changes Other Non-GI Due to DBA Son December 14, 2015 # District Name Employee Name Social Security Number $ $ $

How to fill out calendar year end payroll

How to fill out calendar year end payroll:

1. Start by gathering all necessary documentation, including employee records, timesheets, and any relevant tax forms.
2. Review and update employee records to ensure accuracy. This includes verifying personal information, such as addresses and Social Security numbers, as well as employment details like job titles and salaries.
3. Calculate any year-end bonuses, commissions, or other forms of additional income for each employee. Make sure to account for any applicable taxes or deductions.
4. Determine any taxable benefits provided to employees throughout the year, such as company cars or housing allowances. These should be included in the payroll calculations.
5. Once all necessary information is gathered and verified, begin the process of actually running the payroll. This involves inputting the relevant data into your payroll software or system.
6. Double-check all entries for accuracy before finalizing the payroll. This will help minimize errors and ensure that employees are paid correctly.
7. Generate payroll reports, such as W-2 forms, for each employee. These documents are necessary for tax filings and must be distributed to employees by the required deadline.
8. In addition to employee-specific documents, you may also need to generate reports for government agencies, such as quarterly tax filings or annual reports.

Who needs calendar year end payroll:

1. Employers: Companies of all sizes and types need to complete calendar year end payroll for their employees. This includes both small businesses with a handful of staff members and large corporations with thousands of employees.
2. Human Resources (HR) departments: HR professionals are typically responsible for managing and processing payroll, including year-end tasks. They ensure that employees are paid accurately and that all necessary documentation is completed.
3. Accounting teams: Accounting departments or professionals assist in the year-end payroll process by ensuring accurate financial reporting and compliance with tax laws or regulations.
4. Employees: Although employees themselves do not typically complete the year-end payroll, they rely on their employers to accurately calculate and report their earnings for tax purposes. Employees may need the year-end payroll information to file their personal income tax returns.

By following these steps, employers, HR departments, accounting teams, and employees can ensure a smooth and accurate completion of calendar year end payroll.

For pdfFiller’s FAQs

What is calendar year end payroll?

Calendar year end payroll refers to the final payroll processing for a given year, which typically includes processing the final paychecks, reconciling payroll records, and preparing year-end tax forms.

Who is required to file calendar year end payroll?

Employers who have employees on their payroll must file calendar year end payroll, including reporting wages, withholding taxes, and issuing tax forms like W-2s to employees.

How to fill out calendar year end payroll?

To fill out calendar year end payroll, employers must gather payroll data for the entire year, reconcile payroll records, calculate year-end bonuses or commissions, and prepare tax forms like W-2s and 1099s.

What is the purpose of calendar year end payroll?

The purpose of calendar year end payroll is to accurately report employee wages, deductions, and taxes for the entire year to the authorities, including the IRS and state tax agencies.

What information must be reported on calendar year end payroll?

Information reported on calendar year end payroll typically includes employee wages, taxes withheld, bonuses or commissions paid, and other compensation or benefits provided.

How do I complete calendar year end payroll online?

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