Year-End Payroll Reporting Is Just Around The Corner! 

Year-End Payroll Reporting Is Just Around The Corner!

Nov 28, 2022

Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately.

Start TIN Matching Now

Year-end can be a whirlwind of activity, and anything you can complete before crunch time can be advantageous. The most common reason for a filing to be rejected by Fed and State agencies is mismatched SSNs or TINs. A TIN matching process can help you avoid this issue and allow you time to resolve any mismatches now rather than during the actual filing period.

Note: Aatrix provides FREE TIN Matching as part of their Unlimited eFile Packages.

 

Evaluate Your Filing Process

Many businesses have done their year-end filing the same way for years. Although there is a certain comfort level with repeating a familiar process, it often is time-consuming and expensive compared to newer options. The ability to hire temporary labor to stuff envelopes and prepare mailings is problematic in the current labor market. Keeping key employees on their primary responsibilities is increasingly important as well.

 

Test-Drive Your Aatrix Complete eFiling Solution

Before ordering paper forms and envelopes, look at what the Aatrix Complete eFile Service offers. Aatrix allows you to test-drive your filing process without filing. This helps you get comfortable with a process you have yet to use or complete only once a year. It may also identify any issues that may appear during the error-checking process within the software. 

The Aatrix Complete eFile Service offers a simple step-by-step process that processes all Federal, State, and most local W-2s / 1099s / ACAs (1095) in a simple step-by-step process. The service includes printing and mailing of all employee/recipient copies as quickly as the next business day. Click Here to check out what our customers say about our service.

 

Here is a quick checklist to keep in mind that can get you organized and eliminate some of the pain associated with W-2, 1099, and ACA (1095) filing.

1. Check That Employee Information Is Correct

Before compiling your W-2s / 1099s / ACAs (1095) filing information, it’s important that you verify that all employee records are correct. The most common reason for rejections is mismatched full legal names and social security numbers. These errors can trigger fines and penalties and create additional work if incorrect. Find out more on TIN Matching or SSN Verification.

2. Make Sure All Payroll, Commissions, Bonus Pay, Etc. Are Recorded Correctly

Make sure that all employee payments, including any retro pay or bonuses, have been made and recorded in your payroll solution. 

3. Check Wage, Tax, And Benefits

Verify that employee contribution amounts and special tax deposit items have been updated and submitted, including sick pay, expense reimbursements, taxable fringe benefits, dependent care benefits, etc.

4. Calculate Time Off Balances

Determine your employees’ remaining paid time off. If employees must use it before the end of the year or decide to cash out the remaining days, let them know as early as possible.

5. Run The Final Payroll And Verify Employee Wages

Run your final payroll, keeping in mind that December 26th and January 2nd are bank holidays. Once the payroll has been submitted, verify employee records and deductions before creating employees’ W-2s.

 





Category List


Tag List

Secure eFiling (2)
Ultimate Payroll (1)
Top 10 (3)
Employee Travel (1)
Employee Retention Credit (2)
Employee Documentation (1)
SOC2 (4)
Payroll Tax (3)
W-2 (11)
I-9 (2)
Gig Economy (1)
Per Diem (1)
PTO Payout (1)
Business Travel (1)
1095-C (4)
Windows (3)
Penalties & Fines (1)
940 (1)
CV Magazine (1)
Payroll Software (7)
Fraud (2)
Social Security Wage Base (2)
overtime (1)
Initiatives (1)
Payroll Taxes (5)
Payroll Compliance (4)
Staff (1)
Assessment (4)
Helpful Hints (1)
Virtual Currency (1)
interest rates (1)
employee retention (4)
IRS Form 1099 NEC (3)
SSA Notice (2)
IRS Form W-3C (1)
941-X (1)
e-File (1)
Cloud (1)
1099 TIN Matching (6)
IRS Form 1099 (3)
FMLA (1)
remote office (2)
IRS Notice 931 (1)
Aatrix Software, Inc. (5)
Families First Coronavirus Response Act (1)
unemployment (6)
1099-MISC (3)
covid (2)
FUTA (1)
irstaxtip (1)
Payroll Tax Rates (1)
Electronic W-2 (1)
Paycheck Protection Program (1)
Paycard (1)
IRS Form 7200 (1)
IRS 7200 Tax Form (1)
workplace dynamics (2)
Sponsorship (1)
Federal Payroll Reports (2)
Sick Leave (2)
Tax Free (1)
Certified Payroll Reports (1)
Sage (1)
ACA Compliance (3)
Safe eFiling (1)
State (1)
Sage Summit (2)
Tax Return (1)
Aatrix (6)
SUI (1)
EEO-1 (3)
Payments (1)
IRS Notice (2)
Payroll Reporting (14)
Small Business (2)
New Logo (1)
IRS Form 941 (3)
Social Security Tax Deferral (1)
1095-B (4)
HR (1)
Sage Summit 2014 (1)
Top 50 (1)
Economic Security Act (1)
CP2100 (3)
Quarterly Reports (1)
Federal (1)
Payroll Solution (6)
e-Filing (1)
2020 IRS Form W-2 (2)
ACA (7)
1095 (6)
eFiling Thresholds (2)
Human Resource (1)
Standard Mileage Rate (1)
Cryptocurrency (2)
Filing (1)
Reporting (1)
IRS Form W-2 (6)
Improvements (1)
TIN Matching (4)
Top Software (1)
CIO (3)
vaccine (2)
Technology (3)
ACA e-filing (3)
Coronavirus (2)
ACA Reporting (4)
Mac (1)
ACA eFiling (3)
New Hire Reporting (3)
Compliance (5)
Recruiting & Retention (4)
IRS 1099 NEC Form (2)
Technology Companies (2)
Future (1)
Taxes (1)
Solutions (2)
Paid Leave (1)
Payroll Tax Forms (5)
Reports (1)
Paypal (1)
Sage Solutions (1)
1099-INT (2)
Forms (1)
Company Of The Year (1)
Payroll (19)
Venmo (1)
Growth (1)
IRS (5)
Sage Summit 2015 (1)
Enterprise (2)
Form 941 (1)
Inflation (1)
Infrastructure (1)
IRS Tax Forms (2)
B-Notice (2)
Solution (3)
IRS Form 941 Changes (2)
1099 G (1)
minimum wage (3)
Employee Benefits (1)
Travel During Covid (1)
OEM Payroll (2)
IRS 7200 Form (1)
1094-B (2)
HSA (1)
Awards (1)
Social Security Withholding (3)
IRS 941 Form (2)
Medical Leave (1)
American Rescue Plan (1)
Payroll Tax Notice (2)
CV Technology Innovator Awards (1)
Retirement Contribution Limits (1)
Payroll Tax Relief (1)
Sage 300 CRE (1)
Child Tax Credit (2)
941 (6)
Rebranding (1)
employees (1)
1099 NEC (7)
w-4 (2)
State Payroll Reports (3)
Year-End Deadlines (2)
SMBs (1)
Innovation (2)
Deposit Schedule (1)
Employee Tax Credits (1)
TIN Matching Services (4)
Accounting Solutions (2)
SSA (2)
eFile (6)
Security (6)
work from home (1)
payroll reporting changes (2)
1094-C (2)
Aatrix Software (9)
Workplace Efficiencies (1)
1099-G (5)
Social Security Number Verification (3)
1099 (11)
Withholding (4)
Affordable Care Act (3)
Tax Identification Number Verification (2)
independent contractors (1)
Federal Taxes (1)
Labor Shortage (1)
HFSA (1)
Payroll Reports (18)
eFiling (3)
Payroll Tax Reporting (10)
Accounting Solutions Provider (2)
CA Pay Data Report (1)
Top 100 (2)
Dependent Care (1)
SUTA (1)
Sage Solutions Provider (1)
The Families First Coronavirus Response Act (1)
Aatrix eFile (9)
CIO Review (3)
ACA 1095 C&B requirements (2)
Tax Identification Number (2)
1099-K (4)
IRS Form 941 & 940 changes (3)
Medicare Tax (1)
Paycheck (2)
Tax Payments (1)
TUG (1)
1099-PATR (2)
Review (2)
SOC3 (2)
Corrections (1)
Student Loan Relief (1)
Tax (2)
IRS Forms (1)
cyber attacks (1)
Travel Expenses (1)
HIPAA (4)
Web Forms (1)
Millennials (2)
COVID-19 (8)
Biometrics (1)
Accountant Shortage (1)
EFTPS (1)
Coronavirus Aid (2)

Tag Cloud

940InfrastructureSocial Security Wage BaseACAUltimate PayrollSOC3Top 100Social Security WithholdingTop 10Sage 300 CRERecruiting & RetentionPayroll Tax ReportingCOVID-19SageACA ComplianceGig EconomyAccounting SolutionsCA Pay Data ReportEEO-1payroll reporting changesSage Summit 2014ReportsPayroll SoftwareWeb FormsCryptocurrencyAccounting Solutions ProviderRetirement Contribution LimitsElectronic W-2I-9PTO Payout1099-KRebrandingAssessmentEmployee Retention CreditovertimeFilingIRS Form W-2OEM PayrollQuarterly Reportse-Filing1095-BAwardsSage SummitSafe eFilingPer Diemminimum wageSocial Security Tax DeferralMacStateremote office1095IRS Tax FormsState Payroll ReportscovidSage Summit 2015independent contractorsFMLAIRS NoticeIRS Form 941Travel ExpensesPayroll Tax ReliefFamilies First Coronavirus Response ActeFilingPaycheckPayroll Taxeswork from homeIRS Notice 931Small Business2020 IRS Form W-2cyber attacksVirtual CurrencyEmployee TravelSolutionunemploymentIRS Form 941 ChangesHFSASecure eFilingFutureTop SoftwareStaffBusiness TravelACA Reportinge-FileIRS 7200 FormPayroll ReportsImprovementsTax FreeInflation1099-PATRSUTASSATax Identification Number VerificationInitiativesInnovationTax PaymentsTax Identification NumberPayroll TaxIRS 7200 Tax FormCV Technology Innovator AwardsCoronavirusACA eFilingHelpful Hints1099 NECTop 50IRS FormsIRS 941 FormWindowsCorrectionsPayroll ReportingPayroll Tax Forms1094-CGrowthReviewMedicare TaxCV MagazineSage Solutions ProviderForm 941SponsorshipSMBsComplianceEmployee Tax CreditsPayrollEconomic Security Actw-4B-NoticeTIN Matching1094-BSolutionsWorkplace EfficienciesIRS Form 1099 NECSocial Security Number VerificationAatrix SoftwarePayroll Tax NoticeBiometricsNew LogoAatrix Software, Inc.American Rescue PlanPayroll Tax Rates941-XEmployee BenefitsEFTPSFederal Payroll ReportsIRSPenalties & Fines1099Taxes1099-MISCHIPAAemployeesPaymentsTechnologyWithholdingACA e-filingMillennialsFUTAEnterpriseTUGSage SolutionsFederal Taxes1099 TIN MatchingACA 1095 C&B requirementsAatrixeFiling ThresholdsCompany Of The Year1099-GPaycardSOC2CIOTax Returninterest ratesReportingCoronavirus AidCIO Review1099 GAffordable Care Act1095-CMedical LeaveSecurityFederalThe Families First Coronavirus Response ActStandard Mileage RateDeposit SchedulePaypalCloudSUIStudent Loan ReliefFraudIRS Form 7200Accountant ShortageSSA NoticeDependent CarePaid LeaveSick Leaveworkplace dynamicsTaxIRS Form W-3CYear-End DeadlinesIRS 1099 NEC FormVenmoIRS Form 941 & 940 changesEmployee Documentationemployee retention1099-INTCP2100Payroll CompliancevaccineHSATravel During CovideFileHuman ResourcePayroll Solution941IRS Form 1099FormsPaycheck Protection ProgramAatrix eFileNew Hire ReportingHRCertified Payroll ReportsW-2irstaxtipChild Tax CreditLabor ShortageTechnology CompaniesTIN Matching Services


Archive