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Year End Check List

  • Posted
  • Dec 08, 2016
What's New

Year End Check List

Audit, Audit, Audit (Employee Addresses, Social Security #s, W-4s)
Prepare Holiday Schedule for 2017
Prepare Payroll Schedule for 2017, keeping in mind Bank & Company Holidays (attach a copy to last paycheck for all employees)
Fix all Wage & Tax Errors before the last payroll of the year
Remind employees to update changes to their address, if needed
Updated new limits for 401k/401k catch-up  – (Remains unchanged for 2017)
Verify & update new Benefit Deduction amounts for 2017
Verify & update new Workers comp premium rates
Order Labor Law Posters for 2017, for all states
Schedule/Prepare YE Bonuses
Update out of state Unemployment Tax Rates
If you have Self-Service/Company Intranet, update all forms
Create new files for 2017, Taxes, Benefits, Work Comp, Invoices
Prepare YE reports such as 401k Census, Work Comp audit reports
Review/Add/Delete Earnings & Deduction codes
Review Fringe Benefits & Taxability
Review GTL (Group Term Life) amounts & add to W2
Reminder: Employers with 250 + EEs must add Healthcare costs to W2
Audit outstanding payroll checks
Audit/create 1095-C for all employees (applies to ALE employers with 50+ ees)

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