Filing Checklist Component: Preparing Employers for Year End

What is Year End?

As the calendar winds down and folks prepare for the holiday season, another important milestone approaches: Year End. In the payroll world, Year End is our most critical time. Payroll providers file all annual tax filings for employers, generate W-2s and 1099s for employees and contractors, and ensure employers understand new tax rates and forms that go into effect in 2025.

Why does Year End matter to employers?

As we approach Year End, it is important that employers and employees verify their payroll data for accuracy before their payroll provider files that data with tax agencies. This means employers should double check their payroll records to ensure they’ve captured all payrolls, verify their team has updated their legal information, double check benefits, and more. Inaccurate information in filings can result in downstream penalties or amendments —  a headache for everyone involved.

With this in mind, as we approached this Year End, Check built a product to guide employers through the steps of verifying data for accuracy: the Filing Checklist component.

The Filing Checklist component

The Filing Checklist Component guides employers through the most important steps to ensure payroll data accuracy ahead of year end:

1. Verify all company tax IDs and tax rates. With the Tax Setup component, employers can review and update their company tax information. Employers who are missing or have "applied for" tax IDs will see a more prominent call to attention for this checklist item.

2. Preview their team’s W-2 filings. The newly-launched Filing Preview component allows employers to preview their employees’ W-2s as either a PDF preview or CSV report.‍

3. Review other reminders, such as reviewing payroll history. This final step provides employer-friendly copy prompting employers to update their team’s information, add payrolls not yet reflected, add any missing benefit information and make any changes needed for 2025.

By embedding the Filing Checklist, partners can expect higher filing success rates and more accurate filings, which reduce the likelihood of corrections or amendments. Together, these benefits not only minimize operational work for partners, but also enable a better Year End customer experience for employers.

As we start 2025, we wish all of our partners and employers a happy and healthy New Year — and, with the Filing checklist ensuring accurate and successful tax filings, a stress-free Year End season.