Page 2 - Payroll Year-End Planning & Checklist
P. 2
YEAR-END PLANNING
The key activities to be performed for Payroll Year-End completion.
SUMMARY LEVEL ACTIVITIES
EVALUATING DATA RECONCILIATIONS
Evaluating current year data Verifying tax payments, employee
for W-2 preparation payments for additional taxes
MOCK TESTING VALIDATING UPDATES
Verifying tax rates, wage bases
Generating mock W-2 with are updated in Payroll System
existing current payroll data
as needed
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