2024 Payroll Year-End Report

Close out 2024 and establish a strong start to 2025 payroll processes with this report from KPMG LLP and Bloomberg Tax that delves into vital considerations for a success year-end.

You’ll get insights on essential changes related to Covid-19 tax credits, as well as featured sections covering policy issues, remote and hybrid workers, and other tax requirements. The report also explores the ramifications of wage payment issues, including the overtime rule and payments to tipped workers. We also help you sidestep common reporting problems for Form W-2, including in the areas of:

Deferred compensation
Health savings accounts
Multistate wage allocation
Accounting for fringe benefits, gifts, prizes, and awards

Download your copy for timesaving resources, including a section with 2025 data on federal and state wage base limits, state unemployment taxable wage bases, and health savings account limits. We also include a helpful interactive year-end checklist for tracking issues across departments.

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