Business

User Tools

Site Tools

Trace: • January
academy:calendar:january:julyfy

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
academy:calendar:january:julyfy [2019/03/27 20:59] – emorenoacademy:calendar:january:julyfy [2021/04/08 16:40] (current) – emoreno
Line 1: Line 1:
 ======January====== ======January======
  
-[[academy:calendar:year:julystarts|Homepage]]+<div #no-print>  
 +[[academy:calendar:year:julystarts|Business Year-at-a-Glance Homepage]] 
 + 
 +<WRAP box #no-print>{{:images:printer2.jpg|printer icon}}[[academy:calendar:january:julyfy?do=export_pdf&toclevels=1-3&book_title=Business Year-at-a-Glance (January)| Click here to generate a PDF of this page (January)]]. 
 +</WRAP> 
  
 <WRAP tabs> <WRAP tabs>
Line 16: Line 21:
   *[[academy:calendar:May:julyfy|May]]   *[[academy:calendar:May:julyfy|May]]
   *[[academy:calendar:June:julyfy|Jun]]   *[[academy:calendar:June:julyfy|Jun]]
 +  *[[academy:calendar:monthlyactivities|Monthly]]
 +  *[[academy:calendar:quarterlyactivities|Quarterly]]  
 </WRAP> </WRAP>
 +</div> 
  
  
-{{monthcal:align=right,month=1,year=2020,mark_today=yes,create_links=local}} 
  
-<WRAP round intro> +---- 
-===== New Calendar Year =====+---- 
 +From August Year-End Doc ----> 
 + 
 +<WRAP box> 
 +The following Business processes should be started or in progress in the month of January.
 </WRAP> </WRAP>
  
-^Task^Resources^Notes^ 
-^Upload new tax tables|[[humanresources:tables:taxdeductions:trsrates|TRS Rates]]|After the last December payroll or prior to the first January payroll.| 
-^First Payroll of the Calendar Year|[[humanresources:checklists:firstpayrollofthecalendaryearchecklist|First Payroll of the Calendar Year Checklist]]| 
-^W-2 Processing|[[academy:business:overview_guide:humanresources_w2_processing|QuickGuide: Process W-2 Forms]]| 
-^1099 Processing|[[academy:business:overview_guide:finance_1099_process|QuickGuide:Process 1099-MISC Forms]]| 
-^Opt B Supplement|?| 
-^Midyear PEIMS Audit Reports|?| 
  
 +VCV [[general:checklists:firstpayrollofthecalendaryearchecklist|First Payroll of the Calendar Year Checklist]]
 +\\
 +VCV [[academy:business_payroll_process_w2s|Process W-2 Forms]]
 +\\
 +VCV [[academy:business_finance_process1099forms|Process 1099-MISC Forms]]
 +
 +
 +
 +<WRAP box>
 +The following business tasks have been identified for the month of January. Use the checklist to ensure that the tasks are addressed, if applicable.
 +</WRAP>
 +
 +
 +VCV Complete the W-2 filing to the SSA by Jan 31.
 +
 +VCV Complete 1099 filing to the IRS by Jan 31.
 +
 +VCV Complete ACA 1095 reporting. 
 +
 +VCV Verify tax tables to IRS Circular E. After the last December payroll or prior to the first January payroll, upload the new tax tables.
 +
 +VCV Verify access to Social Security and IRS sites for the calendar year-end reporting. Revise the unemployment rates and maximum wage limits as needed.
 +
 +VCV Review the limits in payroll tax tables for Social Security and Medicare wages as published in IRS Circular E.
 +
 +VCV Remind employees to file a new W-4 to claim exemption from withholding.
 +
 +VCV Complete indirect cost rate application, if needed (note districts claiming SHARS/Medicaid reimb will usually need to do this)
 +
 +VCV In odd years begin bank depository contract renewal or prepare for RFP or RFQ.
 +
 +VCV Coordinate completion of audit for Aug 31 audit preparation  (no later than Jan 28th)
 +
 +  * Review the audit draft, and pay particular attention to the items that impact FIRST rating such as: unmodified audit opinion, no material weaknesses in internal controls, no instances of noncompliance material to financial statements, and net assets is positive on Statement of Net Assets.
 +  * Important dates report will be delivered to the school board. 
 +  * Verify whether the auditor or LEA will electronically submit the audit to TEA.
 +  * Verify if the auditor will send to MAC if the LEA has outstanding bonds and if any other entities need to receive a copy of the audit (grant agencies, etc.).
 +  * Publish the audit Statement of Revenues, Expenditures, and Changes in Fund Balances in the local newspaper.
 +  * Post audit opening balances, if needed.
 +
 +VCV Complete the PEIMS Mid-Year submission.
  
 +VCV Fiscal agents should send member districts 033 records to use in reviewing final prior year compliance with IDEA-B MOE.
  
 +VCV Complete the template estimate using first semester data.
 +</div>
academy/calendar/january/julyfy.1553720387.txt.gz · Last modified: 2019/03/27 15:59 (external edit)

Page Tools

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International

Americans with Disabilities Act (ADA) and Web Accessibility

The Texas Computer Cooperative (TCC) is committed to making its websites accessible to all users. It is TCC policy to ensure that new and updated content complies with Web Content Accessibility Guidelines (WCAG) 2.0 Level AA. We welcome comments and suggestions to improve the accessibility of our websites. If the format of any material on our website interferes with your ability to access the information, use this form to leave a comment about the accessibility of our website.