Prepare for Payroll Year-End

As you prepare for payroll year-end and changes taking effect in early 2022, you can rely on Bloomberg Tax to keep your organization compliant with the latest federal, state, local, and international payroll-related laws and regulations.

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Your Resource to Navigate Payroll Year-End With Ease

The end of the year is a busy and important time for payroll professionals. Year-end payroll activities can be challenging when closing out the current year and implementing changes for the coming year. This year is no exception as the ongoing Covid-19 pandemic continues to affect payroll compliance.  The annual reconciliation includes tax calculations, reviewing compensation and expense records, and ensuring compliance with income-withholding requirements. Given the complexity of year-end processing, employers must strive to avoid costly errors as they wrap up the current year and prepare for the new year.

To help employers navigate this busy time of year, Bloomberg Tax and KPMG have teamed up to provide resources for year-end payroll developments and duties.

Related Resources

 

CHECKLIST

2021 Payroll Year-End Checklist

The checklist includes useful do’s and don’ts to help employers track year-end payroll responsibilities and avoid penalties associated with non-compliance.

REPORT

2021 Payroll Year-End Guide

This report covers a wide array of topics, including sections on policy issues, changes reflecting the requirements of the recent U.S. tax code overhaul, and common year-end concerns for employers.

WEBINAR

Preparing for Payroll Year-End 2021

During this webcast, tax professionals from KPMG LLP and Bloomberg Tax will discuss key aspects of the year-end process. Reserve your spot today.

Bloomberg Tax Research

Your single source for payroll compliance.

Customer-Only Resource

 
Access to this information requires a subscription to Bloomberg Tax Research. Click here to request a demo.
 

NEWS AND ANALYSIS

Payroll Year-End Clearinghouse

To help employers navigate this busy time of year, Bloomberg Tax offers its subscribers a clearinghouse of information on year-end payroll developments and duties. The clearinghouse provides the latest federal and state updates, including the 2021 Social Security wage base, instructions for Forms W-2, standard per diem rates, updates on state income tax withholding and minimum wages, and information on forms, publications, and other documents. A list of key dates that are applicable for the year-end process also is available.

See it for yourself

Bloomberg Tax Research gets you the right answers to your payroll questions more efficiently, with real-time news, expert analysis, practical guidance, and tools – all on one easy-to-use platform.

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