November/December
- Confirm with printing responsibilities and planning with CSP.
- Campaign employees to review their personal data and enroll in W2 electronic consent for faster delivery
- Verify company information: tax EINs & rates
- Review earning & deduction code W2 box settings
- Initial balance of employee W2 totals, subject wages, tax wage details to W2s
- Setup and process year end additional payrolls
- 3rd Party Sick Pay
- GTL in excess of 50k
- Personal Use of Company Vehicle
- Non-Cash Payments
- 1099 earnings
- Payroll Adjustments
After 2024 payrolls have been processed:
- Final review of employee data
- Final balance of employee W2 totals, subject wages, tax wage details to W2s
- Complete year end process
- Verify 2025 planning steps