academy:business_payroll_firstpayrollofthecalendaryearchecklist
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| academy:business_payroll_firstpayrollofthecalendaryearchecklist [2021/12/14 17:21] – emoreno | academy:business_payroll_firstpayrollofthecalendaryearchecklist [2022/06/29 14:39] (current) – emoreno | ||
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| - | <WRAP box # | + | <WRAP box # |
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| - | <WRAP round intro>This checklist provides information about processing | + | <WRAP round intro>The purpose of this document is to guide you through the necessary steps to process |
| W-2 processing does not have to be completed prior to the first payroll of the calendar year. When the pay date | W-2 processing does not have to be completed prior to the first payroll of the calendar year. When the pay date | ||
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| new calendar year record for each employee, because the system stores each calendar year separately. | new calendar year record for each employee, because the system stores each calendar year separately. | ||
| - | This checklist | + | This document |
| </ | </ | ||
| + | {{page> | ||
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| + | ---- | ||
| ^VCV|1. [[payroll: | ^VCV|1. [[payroll: | ||
| - | ^VCV|2. The tax tables for the new calendar year must be updated for each frequency before the first payroll of the year is processed. There is no need to delete the previous calendar year tables. If you are not sure how to set up a table, refer to the online Help for each specific page. The following tables in Payroll should be updated: | + | ^VCV|2. The tax tables for the new calendar year must be updated for each frequency before the first payroll of the year is processed. There is no need to delete the previous calendar year tables. If you are not sure how to set up a table, refer to the online Help for each specific page. The following tables in Payroll should be updated: |
| ^VCV|3. Use the IRS Publication 15-T to update the tax tables. After the tables have been completed, print each table to verify accuracy. If you do not have IRS Publication 15-T, it can be found on the IRS website: https:// | ^VCV|3. Use the IRS Publication 15-T to update the tax tables. After the tables have been completed, print each table to verify accuracy. If you do not have IRS Publication 15-T, it can be found on the IRS website: https:// | ||
| ^VCV|4. [[payroll: | ^VCV|4. [[payroll: | ||
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| ^VCV|6. You do not need to delete employees that are no longer with your LEA. By not deleting the employees, you continue to have access to all previous data for the employee, including calendar, school and TRS YTD; payroll inquiry and verification of employment, service record, W-2 data along with other benefits. However, after you print the W-2s, if you want to delete the inactive employees, use the [[personnel: | ^VCV|6. You do not need to delete employees that are no longer with your LEA. By not deleting the employees, you continue to have access to all previous data for the employee, including calendar, school and TRS YTD; payroll inquiry and verification of employment, service record, W-2 data along with other benefits. However, after you print the W-2s, if you want to delete the inactive employees, use the [[personnel: | ||
| ^VCV|7. Don’t forget to process W-2s for the previous calendar year. Refer to the [[academy: | ^VCV|7. Don’t forget to process W-2s for the previous calendar year. Refer to the [[academy: | ||
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academy/business_payroll_firstpayrollofthecalendaryearchecklist.1639502495.txt.gz · Last modified: 2021/12/14 12:21 (external edit)