Your Year-End Resource Guide
Here’s everything you need for year-end planning and preparation, right at your fingertips, to make filing a breeze and as stress-free as possible.
We've got you covered
Fingercheck's Year-End Resource Guide is your go-to spot for tax-related information.
This information is here to help you organize your end-of-year materials.
Key things business owners can do to file their year-end data.
Our Customer Support team has tips to make year's end easier.
Quick question? We might have the answer in our FAQ list.
Year-end prep blog articles
Visit our Small Business Hub for all the year-end articles and info you'll need!
2024 federal holiday calendar
Look no further! Stay ahead of all the dates you need to know for next year.
401(k) and IRA increases for 2023
Get all the recent news, forms and information directly from the IRS.
Year-End Filings & Filing Data Accuracy Checklist:
Key year-end areas to double-check
Data Accuracy Check
Take a few extra minutes and ensure that the your data entered into your Fingercheck account is correct.
Deadline for Data Entry
Add any missing payroll data to your account by Friday, December 29 to avoid late processing fees.
Areas to Review
Make sure to thoroughly verify SSN accuracy on W-2 and 1099 forms, evaluate Third-Party Sick Pay, bonuses, and S-Corp Medical, and confirm the payment and accuracy of all manual checks.
Additional Filing Services
Review and consider Fingercheck's additional filing services. For example, 1099-NEC Filing: Opt-out by Friday, December 29 if desired.
For companies with more than 50 full-time employees, ensure you have taken care of health insurance compliance. Contact firstname.lastname@example.org by Monday, December 18 if needed.
Form Availability & Location
Keep track of your forms with these deadlines: Quarterly Forms are due on Wednesday, January 24, 2024. Year-end documents should be submitted by Wednesday, January 31, and remember that W-2/1099 Forms are due by Tuesday, January 16. You can easily access all your forms on the Fingercheck platform under the 'Payroll' tab.
Get tips, advice and insights to make your year-end as painless as possible from our expert customer support team!
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FAQs about year-end filings
Year-End Tax Prep can be confusing. But we promise that we will help. One way we’re doing that is with this handy FAQ list. Have more questions? Please email email@example.com or call 800-610-9501 .
When will my W-2s be ready?
W2s will be available to download between the first to second week of the new year.
When will my year-end reports be ready?
Year-end and Q4 reports are typically available 2-3 weeks after the end of the quarter.
Do we have to file for 1099 employees?
We offer an additional service to e-file the 1099s. There is a $100 fee to enable the service. If you wish to activate the service, please contact support.
How do I run a bonus payroll for year-end?
You can follow this link for instructions about entering bonus checks into Fingercheck.
When is the deadline to add wages for my 1099s?
All wages should be entered prior to the last business day of the year, Friday, Dec. 29, 2023.
How do I make a payroll to max out my 401(k)?
The 401K or 401K % code is used for a 401(k) deduction for employees. It is a pre-tax flat amount or percentage deduction of the employee's gross wages that they can elect to set aside to save for retirement.
If you want to make one large 401(k) payment, you can. To create this code, go to the SETUP tab > Payroll > Payroll Deductions. Click Add. Click the Add button for 401K or 401K %. Click OK in the confirmation window. Click the X in the top-right corner to close the Add Deduction panel. To make changes, click the Edit icon (pencil) next to the new code, and make your changes. Additional information can be found here.
How do I allow for lump sum 401(k) contributions?
To enable your employees to contribute a lump sum to their 401(k) at the end of the year, create a 401(k) deduction code if you don’t already have one. Then, start a special payroll run. Click here for detailed steps.
What is the deadline to record wages for 2023 without an amendment?
We allow for changes up to five business days for a fee.
How do I create an accrual policy?
Fingercheck uses accrual policies to track the amount of time employees have available to use toward specific kinds of absences. This is applied to Paid Time Off (PTO), Unpaid Time Off, Sick Leave, Vacation Leave, and FMLA/PFML. Click here for detailed steps.
How do I offer benefits & open enrollment?
The Employer-Sponsored Health Insurance Benefits code is used for a pre-tax flat amount deduction that is used to pay for the employer's chosen Group Health Insurance plan, which they offer to their employees. This is for reporting and it will show on the W-2 box DD. Click here for detailed steps.
What about third-party sick pay at the end of the year?
If you received a Disability Benefits Statement requiring you to add a third-party sick pay payment for one of your employees, create two earning codes for third-party sick pay: 3rd Party Sick Pay Non Tax and 3rd Party Sick Pay Taxable. Then, start a special payroll for a manual check. Then, create a manual check and complete the special payroll. Click here for more information.
How long do I have to file my third-party sick for New Jersey?
New Jersey sends out third-party sick notices later in the first quarter. We have until before the end of the first quarter to enter this with no fees.
How do I get W-2s to terminated workers?
You can easily send W2s or 1099 forms to all terminated employees at one time. Log in to Fingercheck as an Administrator, then click the PAYROLL tab > Forms & Notices. Click the Annual tab. Click the mail icon under Terminated W2 YYYY or Terminated 1099 YYYY.
In the confirmation pop-up window that appears, click OK. An email is sent to each terminated employee at the personal email address on file. Click here for more information.
Why is my employee’s first check of 2024 net and taxes different amounts than the last check of 2023?
You may see a difference in taxes from year to year as rates may have changed. You can contact support for more details.
2024 federal and Fingercheck holidays
Look no further! Stay ahead of all the dates you need to know for next year
Need IRS info quick? Look no further!
Key resources to check when you have questions
These details are offered as informational resources. Remember to run your questions and tax data by your tax professional.
Annual Limits for 2023
Payroll deductions and taxes have annual limits that can impact employees' net pay - get the latest on Retirement and Health deduction limits. Read more
IRS Online Tax Calendar
The IRS Online Tax Calendar allows you to view due dates and actions for each month. Read more
Understanding Employment Taxes
Employers must deposit and report employment taxes. Understanding Employment Taxes is a resource the IRS offers to explain what you need to know. Read more
Tax Withholding Estimator
Need to figure out your tax withholdings? The IRS provides this tool to estimate the federal income tax you want your employer to withhold from your paycheck. Read more
Not sure what your filing status is? It’s important to know because it is used to determine your requirements, deductions, eligibility for credits, and the correct tax. Read more
Each Form 941 you file reports the total amount of tax you withheld during the quarter. Click here for help determining your Employer’s Quarterly Federal Tax Return status. Read more
Correct a W-2 form with W-2C
When mistakes happen, do your best to correct errors quickly. The IRS has detailed instructions on correcting W-2s. Read more
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