End of Calendar Year Suggestions

The following steps may give you some guidelines on items to consider as we edge toward the end of 2024 and begin 2025

November

Order all needed forms
Verify Company Information
Start Verifying Employee Information
Verify PR Dates for the rest of the Calendar Year (How many PR’s are left, what are the dates?)
Start Verifying Employee YTD Totals
Register for all remaining Touch Base Tuesday Sessions
Register for W2, 1099, ACA Classes through SDS University
Verify 941 totals for Quarter 1,2,3 according to totals turned into the IRS
Make a plan for how W2 and ACA Forms will be delivered to Employees (Employee Portal, Email, Mail)
Make a plan for how 1099 forms will be delivered to Vendors
Plan for any Bonus Payrolls that may need to be run

December-Before the Last Payroll

Finish Verification of Employee Information
Verify any Payroll adjustments or corrections that need to be made.
Prepare for Payroll Processing over the Holidays-what are the PR dates-how do they fall in the calendar
Attend the W2 and 1099 Live Session on December 15^th after signing up for the W2 and 1099 Classes in SDS University
Make a plan for W2 Processing-will you process W2’s before or after your first 2024 payroll?
Update your employees if your delivery method for W2 and ACA Forms has changed
Verify 1099 Vendor Calendar Totals
Print reports for YTD totals for verification purposes.
Verify employee/dependent information for ACA Forms.

January