843-972-3767 info@TidelineCPAs.com

YEAR-END PAYROLL CHECKLIST

  • Verify your company information, including tax IDs, Form W-2 delivery address and email address
  • Verify employee and contractor information including SSN’s and 1099’s
    • 1099’s are required to be filed to any independent contractor who is not incorporated.
  • Report fringe benefits – examples include:
    • Personal use of company car
    • Group term life insurance over $50,000??
  • Schedule year-end bonus payrolls
  • Prepare your payroll processing for Christmas and New Year’s Holiday impacts
  • Distribute Forms W-2/1099 to employees and contractors – Due by January 31, 2022