Simplified Year-End Payroll Checklist for Multi-Country Clients

This checklist serves as a guide for multi-country clients to prepare for year-end payroll processes. It outlines a timeline from September to February, detailing necessary actions to ensure compliance and accuracy in payroll management. The first phase, occurring in September and October, involves reviewing local year-end requirements, checking employee details for accuracy, and confirming work locations and payroll calendars. The following phase, from October to November, emphasizes the importance of notifying payroll intermediaries about any year-end bonuses and reviewing taxable benefits. The checklist continues with final checks in November and December, where clients must approve final bonus payrolls and ensure all necessary reports are reviewed. The year-end close in December to January includes confirming the final payroll run and ensuring tax certificates are distributed. Finally, the post year-end wrap-up in January to February focuses on addressing employee inquiries and reviewing final reports from the payroll intermediary.