Prepare Now for Year-End Reporting

With the start of the last quarter of the year officially here, now is the time to prepare for year-end payroll and compliance reporting.  To ensure you are ready to report wages for your employees and payments to contractors and vendors, we’ve compiled several resources to guide you through the process:

1. The Payroll Facts and Calculations sheet lists this year’s current thresholds.
2. The Year-End Checklist is a good tool to use to make sure you remember all the items that you need to double check before sending out/e-filing your W-2s and 1099s.
3. The 1099 Fact Sheet is a reminder of who should get a 1099 and the process of determining the amount to report.

We hope these resources help you better prepare for the upcoming reporting season, but if you need assistance or have any questions, HORNE can help.