It’s time for part two of the year end survival series. In case you missed it, last week we touched on ensuring all employee information is accurate prior to year-end. This week we’re going to be taking a step back from year-end filings to provide some timely holiday payroll tips. We’ve created some great resources to help you stay on top of things through this incredibly busy time of year.
We have created a simple chart to help you plan your direct deposit payroll over the holidays. With the extra bank holidays at this time of year, you will need to be extra diligent to ensure your employees get paid on time. Check out our guide here: Holiday payroll planning guide.
Employers often give holiday or year-end bonuses at this time (’tis the season). We’ve created a resource to show you just how easy it is to add a bonus to an employee’s pay: Setting up a 2014 holiday bonus.
If you have any questions about setting up payroll for the holidays, get in touch! You can reach us anytime at questions.waveapps.com.
The information and tips we’re sharing in this article are meant to be a starting point for your year-end tax prep, so you can be informed and feel confident when working with your accountant. Be sure to check with a tax expert in your country or region for any specific advice you need, as each business (and tax district) is different. As our lawyers would say: “This article is for informational purposes only. It should not be considered legal or financial advice.”