Template
Employee End of the Year Checklist
Don't wait till tax season, make sure your employee's files are up to date by following these processes.
Confirm Employees’ Identifying Information (and that it's correct)
Legal name
Social Security number
Address
Prepare For Your Form W-2 Responsibilities
Order forms
Review records
Pay attention to nuances (changes due to life events)
Fill out forms
Distribute to employees
File Forms W-2 (and W-3) with the SSA and any state and local governments
Check Employment Tax Rates And Wage Bases
Keep an eye out for your new SUTA tax rate (your state will likely send this to you) and any wage base changes
Pay attention to the new Social Security wage base
Sneak a peek at the IRS’s federal income tax withholding tables
Review Employee Benefits
Accrued time off
Retirement plan eligibility
Insurance
This creates a private checklist in your account.