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As the year winds down, it’s time for small business owners to tackle one of the most critical tasks on the payroll calendar: year-end payroll reporting. This process is essential for maintaining compliance with federal, state, and local tax agencies and ensuring a smooth transition into the new year.
Here’s a step-by-step guide to help your small business prepare for year-end payroll reporting and avoid common pitfalls:
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 As 2024 comes to a close, employers in certain states should prepare for an increase in their Federal Unemployment Tax Act (FUTA) tax liabilities. This year, California, New York, and the U.S. Virgin Islands are designated as FUTA credit reduction states.
If you’re an employer in one of these locations, here’s what it means and how SwiftChecks helps you manage these changes seamlessly: |
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