✔ Review the payroll processing holiday schedule to avoid late direct deposits or deliveries.
✔ Last day to process payroll for 2021 is Wednesday, December 29 for live checks dated Thursday, December 31.
✔ Process any bonus/unscheduled payrolls. Please contact your payroll specialist in advance to schedule a bonus/unscheduled year end payroll. Additional processing days may be required for larger direct deposits.
✔ Process any payroll adjustments with Anchor Payroll before December 29, 2021 to avoid additional fees.
✔ Verify all federal & state tax identification numbers on your quarterly returns that have been processed for 2021. Notify Anchor Payroll of any changes.
✔ Verify employee information is correct, including, address, social security number, correct name spelling, ZIP.
✔ Verify all manual and voided checks have been entered into payroll history.
✔ Forward any Federal or State filing frequency notices to Anchor Payroll.
✔ Report any Sick/Disability Payments made to your employees in 2021.
✔ Report any payments made to independent contractors that require a 1099.
✔ Review and submit any applicable fringe benefits (i.e. Employer HSA, GTL, Personal Auto Use, S-Corp Insurance, Moving Expenses, etc.) before December 29, 2021 to avoid additional fees.
✔ If you are required to report Employer Sponsored Health Coverage and/or ACA 1094c/1095c, please provide Anchor Payroll with the appropriate information. This is required for most large employers.