The end of the year is almost here, and the seemingly endless tasks can be overwhelming. Make sure you know the keys to year-end success to unlock a more efficient and prosperous New Year.
Our team recently held a Keys to Year-End Success Seminar to help guide participants through the year-end preparations and tackle the end of year. We wanted to share with you the information that was presented so you have the same tips to complete your year-end tasks with efficiency
Nothing feels better than completing a checklist, and the P&N team has created an easy-to-follow list for you. From verifying the accuracy of 1099 amounts to generating W-2s, our list has you covered. For a full checklist, download our year-end presentation.
Mark your calendar for these important dates. The IRS recommends providing these documents early to reduce the number of filed corrections required, and we recommend this practice too.
|1099-MISC box 7 – Vendor Copy||1/31/2018|
|1096 & 1099-MISC box 7 – Federal Filing||1/31/2018|
|W-2 – Employee Copy||1/31/2018|
|W-3 & W-2 – Federal Filing||1/31/2018|
|940 & 941 – Federal Filing||1/31/2018|
|1099-MISC all other boxes, paper forms only – Federal Filing||2/28/2018|
|1096 & 1099-MISC Electronic – Federal Filing||4/2/2018|
If you use Sage 100, do you need assistance installing the latest tax table update? The P&N team is here to help.
The tax table update is an essential end-of-year step for those who run payroll, and it needs to be completed prior to the first 2018 payroll. If you need assistance installing these updates, simply contact the P&N team at email@example.com to schedule a time for the updates.
Everyone could use some extra time, and with these tips, you are bound to become more efficient in many areas of your job. Here are a few timesaving tips:
Little things make a big difference, and you’ll notice a big improvement in Sage from all the little, new features. Larger font sizes, modernized user interface, improved exports, and enhanced security options are just a few ways your job will get easier. Additional improvements include:
If you were unable to attend our Keys to Year-End Success Seminar, or would like to reference the information shared, download the presentation slides or watch the recorded video. Click below to access both the presentation slides and the video.
We want to hear about the areas of the business that you and your team are looking to improve over the next year. If you need assistance with your year-end checklist, upgrading your tax table, changes to Sage, or other areas of improvement, contact the P&N team at firstname.lastname@example.org.