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Get the free Payroll Year-End Checklist and Tax Guide - Experian

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Accountant YearEnd Toolkit Inside this toolkit you'll find some useful resources to share with your clients to help ensure a smooth end of year: YearEnd Payroll Checklist 2023 Payroll Calendar YearEnd
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How to fill out payroll year-end checklist and

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How to fill out payroll year-end checklist and

01
Verify employee information is up to date including name, address, SSN, and tax withholding information.
02
Double check all payroll data such as wages, bonuses, and benefits.
03
Ensure all necessary forms such as W-2s and 1099s are completed accurately.
04
Review and reconcile payroll tax liabilities for the year.
05
Submit reports to relevant government agencies.

Who needs payroll year-end checklist and?

01
Employers who have employees on payroll
02
Business owners who need to report taxable wages and taxes paid
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The payroll year-end checklist is a list of tasks and procedures that need to be completed by employers to ensure accurate reporting and compliance with tax regulations at the end of the calendar year.
Employers and businesses that have employees are required to file a payroll year-end checklist.
Employers must gather all necessary payroll information, such as employee wages, benefits, and taxes withheld, and report this information accurately on the year-end checklist form.
The purpose of the payroll year-end checklist is to ensure that all payroll information is accurately reported to the relevant tax authorities and to facilitate the preparation of year-end tax forms for employees.
Employee wages, benefits, taxes withheld, and other relevant payroll information must be reported on the payroll year-end checklist.
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