COMPLIANCE
Mastering the US payroll year end
A s the calendar year draws to a close, US payroll professionals must shift their focus to a critical task that’s essential for the seamless operation of any business – the payroll year-end process. This period is not only about ensuring compliance with tax regulations but also about laying a solid foundation for the upcoming new calendar year. Let’s delve into the steps and strategies that can help you navigate this process with precision and foresight. Initial preparations The groundwork for a successful payroll year end begins with the meticulous verification of business and employee information. This includes the company’s legal name, address, employer identification number (EIN) and the Chisato Morita, senior manager. global employer services at BDO, provides a comprehensive guide for professionals navigating the US process
| Professional in Payroll, Pensions and Reward | October 2024 | Issue 104 24
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