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Payroll Year-End Practices and Procedures Checklist

Author: Alice Gilman

When to Use

At the end of every calendar year, employers are responsible for closing out the year's payroll in compliance with all federal, state and local income and employment tax laws and regulations.

However, to prevent the process from becoming overwhelming, year-end should not be managed as though it begins in October and ends in March. An orderly and methodical plan should be mapped out and followed throughout the entire year.

Using the following checklist every pay period, in month-order, will help an employer stay in control and easily tackle year-end planning challenges.