Page 11 - Payroll Year-End Planning & Checklist

8 Steps – March Action Plan

01 Preview 07
current-year
W2 and Current Year
employee 02
Celebrate data (Oct) Updates
08 Year-end Identify any
State changes
completion
to withholding Review payroll system
methods (Nov)
Verify new has all current year tax
wage bases rates, new deductions
and rates are 03
included in and benefits correctly
Payroll Schedule testing
system of Form W-2, updated
Box 12, special
07 codes (Dec)

Verify State Tax
Unemployment withheld
insurance using new
notices (Mar) formulas 04
File annual on first pay
06 Form 940 by for the
year. (Jan)
Feb 10 (Feb)
05