Prepare for Payroll Year-End

As you prepare for payroll year-end and changes taking effect in early 2023, 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. 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.

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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.

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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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