2023 Year-End Payroll Checklist
As the Calendar Year Winds Down, It’s Time To Get Your Payroll Affairs in Order.
From finalizing compensation and benefits for the upcoming year to ensuring your year-end payroll reporting and taxation are in line, there's a lot to keep track of. Here’s how our checklist helps you navigate it all:
- Verify Business Information: From your state and federal employer identification number (EIN) to your company's name and address, our checklist includes numerous steps for year-end payroll reporting and taxation.
- Verify Necessary Tax Forms: Our checklist provides an overview of the essential tax forms needed, from Form W-2 to Form 1095.
- Important Reporting Deadlines: Stay on top of crucial reporting deadlines with our guide, helping your business meet its tax obligations on time.
- Set Compensation and Year-End Bonuses: Planning your staff's pay raises for the coming year? Considering end-of-year bonuses? Our checklist highlights some of the important factors to consider when making these crucial year-end decisions.
Navigating year-end payroll can be complex, but you don't have to do it alone. Partner with Paychex for personalized, one-on-one support as we transition into 2024.
Kick off the new year on the right foot — contact us today to get started!
