2023 Year-End Payroll Checklist
Last Updated: 11/15/2023
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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!