Prepare for Payroll Year-End and Start 2021 Strong

As you prepare for payroll year-end and changes taking effect in early 2021, you can rely on Bloomberg Tax & Accounting 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, with unprecedented challenges for 2020 year-end processing because of Covid-19. 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 & Accounting and KPMG have teamed up to provide resources for year-end payroll developments and duties.

Related Resources

 

CHECKLIST

2020 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 noncompliance.

REPORT

2020 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

Conquering Payroll Year-End in the Coronavirus Era

During this webcast, tax professionals from KPMG LLP and Bloomberg Tax & Accounting will discuss key aspects of the year-end process.

Bloomberg Tax

Your single source for payroll compliance.

Customer-Only Resource

 
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NEWS AND ANALYSIS

Payroll Year-End Clearinghouse

To help employers navigate this busy time of year, Bloomberg Tax & Accounting 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 2020 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 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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