Revised: 12/2023
The following steps may give you some guidelines on items to consider as we edge toward the end of 20232 and begin 2024
November
ü Order all needed forms
ü Verify Company Information
ü Start Verifying Employee Information
ü Verify PR Dates for the rest of the Calendar Year (How many PR’s are left, what are the dates?)
ü Start Verifying Employee YTD Totals
ü Register for all remaining Touch Base Tuesday Sessions
ü Register for W2, 1099, ACA Classes through SDS University
ü Verify 941 totals for Quarter 1,2,3 according to totals turned into the IRS
ü Make a plan for how W2 and ACA Forms will be delivered to Employees (Employee Portal, Email, Mail)
ü Make a plan for how 1099 forms will be delivered to Vendors
ü Plan for any Bonus Payrolls that may need to be run
December-Before the Last Payroll
ü Finish Verification of Employee Information
ü Verify any Payroll adjustments or corrections that need to be made.
ü Prepare for Payroll Processing over the Holidays-what are the PR dates-how do they fall in the calendar
ü Attend the W2 and 1099 Live Session on December 15th after signing up for the W2 and 1099 Classes in SDS University
ü Make a plan for W2 Processing-will you process W2’s before or after your first 2024 payroll?
ü Update your employees if your delivery method for W2 and ACA Forms has changed
ü Verify 1099 Vendor Calendar Totals
ü Print reports for YTD totals for verification purposes.
ü Verify employee/dependent information for ACA Forms.
January
ü Verify any new tax tables are in place before processing the first 2024 payroll
ü Update any employees with W-4 changes
ü Continue with W2, ACA, and 1099 Processing
ü Distribute W2 forms to clients when complete-Distribute 1099 forms to Vendors.