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2018 YearEnd Payroll Update In preparation for the endoftheschoolyear payroll processing, your assistance is needed on the following items: ADDRESS CHANGES SINCE JULY 1, 2017: If your address has

How to fill out payroll year-end checklist

How to fill out payroll year-end checklist

1. To fill out the payroll year-end checklist, follow these steps:
2. Review and update employee information: Make sure all employee information, such as names, Social Security numbers, and addresses, are correct and up to date.
3. Verify payroll totals: Ensure that all payroll totals for the year are accurate. Double-check calculations, deductions, and any additional income.
4. Review tax withholding: Check the tax withholding information for each employee and ensure it aligns with the latest tax regulations.
5. Prepare W-2 forms: Gather all the necessary information to prepare W-2 forms for each employee. This includes the employee's personal details, wages, and withholdings.
6. File W-2 forms: Submit the W-2 forms to the Social Security Administration (SSA) by the required deadline.
7. Prepare and distribute 1099 forms (if applicable): If you have independent contractors or freelancers, gather the necessary information to prepare and distribute 1099 forms.
8. Review benefits and deductions: Ensure that all employee benefits and deductions are accurately reflected in the payroll year-end checklist.
9. Generate payroll reports: Generate year-end payroll reports to provide a comprehensive overview of wages, taxes, and deductions for the entire year.
10. Prepare for next year: Start preparing for the upcoming year by reviewing any changes in tax regulations and updating your payroll system accordingly.
11. Double-check everything: Before finalizing the payroll year-end checklist, double-check all the information and calculations to minimize errors and ensure accuracy.

Who needs payroll year-end checklist?

1. Anyone responsible for payroll processing and compliance should utilize the payroll year-end checklist. This includes payroll managers, HR professionals, accountants, and business owners.
2. Additionally, companies of all sizes and industries can benefit from using a payroll year-end checklist to ensure accurate and compliant year-end payroll processing.
3. Whether you have a small business with a handful of employees or a large enterprise with hundreds of workers, the payroll year-end checklist can help streamline the process and minimize errors.

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What is payroll year-end checklist?

Payroll year-end checklist is a list of tasks and information that employers need to review and report at the end of the year related to payroll processing.

Who is required to file payroll year-end checklist?

All employers who have employees on payroll are required to file a payroll year-end checklist.

How to fill out payroll year-end checklist?

Employers need to review all payroll-related information for the year, including wages, taxes withheld, benefits provided, etc., and then report this information on the checklist.

What is the purpose of payroll year-end checklist?

The purpose of the payroll year-end checklist is to ensure that all payroll information is accurately reported and to facilitate the year-end tax reporting process.

What information must be reported on payroll year-end checklist?

Information such as wages, taxes withheld, benefits provided, and any other relevant payroll information must be reported on the payroll year-end checklist.