2024 year-end checklist

October/November

Watch the year-end video
Review processing deadlines and identify your final payroll(s) for 2024.
Review the Insperity holiday schedule and Federal Reserve holidays for 2024 and 2025.
For clients using isolved for ACA compliance, all ACA configuration, including history from prior years, must be completed in isolved no later than Nov. 15, 2024.

Decmeber

Identify and schedule special payroll adjustments, such as group-term life, auto allowances, and other fringe benefits. Because some of these fringe benefits require tax withholdings, they need to be entered at the same time as a normal payroll run before the end of the year. Use the guide Year-end payrolls and adjustments for important cut-off dates.

Call your payroll specialist with any questions regarding year-end processing well in advance of Friday, Dec. 13, 2024, to allow sufficient time to address and resolve any outstanding issues.
Identify and process any end-of-the-year payroll items, such as bonuses, fringe benefits, and deferred compensation by Friday, Dec. 13, 2024.
Enter any additional manual or voided checks that need to be recorded in 2023 by Friday, Dec. 13, 2024. If you enter additional manual checks or voids after this date or after processing your last payroll for the year, please contact your payroll specialist for guidance.
For applicable large employers (ALEs), call your benefits specialist for guidance on ACA year-end processing well in advance of Friday, Dec. 13, 2024, to allow sufficient time to address and resolve any outstanding issues.

Perform an audit of employee data related to Social Security number (SSN), name, and mailing address, and make any updates in the payroll system by Friday, December 27, 2024.
Employees must update their home address or specify an override address for tax forms no later than Friday, December 27, 2024, to ensure delivery to the correct address.
Third-party sick pay information should be processed by Friday, December 27, 2024.