It’s safe to say that winter brings a flurry of activity (wink wink). From managing employee PTO requests to conducting performance reviews to closing the books, it’s no wonder HBR refers to this time of year as the “December deadline deluge.”
And that last piece – closing the books and handling your end-of-year reporting – can be a doozy. That’s because HR and payroll teams must prepare for the year’s end, comply with tax laws, and plan for the next annual payroll.
A great way to make sure you’ve crossed all your t’s and dotted your i’s is to follow a payroll checklist. By following a year-end payroll checklist, you can better track employee pay, manage deductions, and review payroll data. The results? Your business remains compliant, employees are paid accurately, and tax obligations are met.