What should you be doing in your payroll practice this month? Here’s your Payroll Checklist for July.
Payroll Accountant’s Checklist for July
• Ensure that all monthly, quarterly and annual balances are accumulating properly; pay attention to any adjustments.
• File Form 941 for the second quarter with the IRS by July 31 (or the next business day, if July 31 is a nonbusiness day)
• Educate clients on state and federal requirements for new hire reporting.
• Remind clients about employee classification requirements.
• Review and update your payroll pricing strategy (bundling services, subscription pricing, a la carte pricing, etc.).
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