Revised:  11/2020

The following steps may give you some guidelines on items to consider as we edge toward the end of 2020 and begin 2021

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 12/15 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 2021 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 2021 payroll

ü Update any employees with W-4 changes

ü Continue with W2, ACA, and 1099 Processing

ü Attend the ACA Live Session on 1/14 after signing up for the ACA Class in SDS University

ü Distribute W2 and ACA Forms to clients when complete-Distribute 1099 forms to Vendors.