Year End Resources | passport-training

Year End Reporting Resources

The 2023 Year End update will be available for PBS v.12.06, v.12.07 and v.12.08.

Note: The IRS has mandated that all employers with an aggregate of ten forms

covering W2s, 1099s, 1094 and 1095s must file electronically and are no longer

allowed to submit paper returns during 2024.

The new threshold is effective for information returns required to be filed in calendar

years beginning with 2024. The new rules also apply to tax year 2023 Forms W-2

because they are required to be filed by January 31, 2024.

For more info: Business Services Online (ssa.gov)

Don't forget to visit PBS Tips and Tricks for additional year end articles.

Sample Guidelines and Schedules:

(Note: These are intended as examples, not formal procedural documents.
Please consult your own internal policies to design the appropriate actions
for your company.)

Entering Tax Tables (article) by Peter Dalziel, VP Customer Care

Tax Implications of COVID-19 (article) by Jim Turner, Dir of Training

Month End Maintenance Schedule (pdf)

Purging Schedule Guide (pdf)

General Year End Webinars:

Video: 2020 Year End Tips and Topics 1:48:30

Agenda

Presented on January 19, 2021, by Peter Dalziel, Passport's VP of Customer Care,

this webinar focuses on reviewing and updating the various Federal control values
and tax tables, including current values for the Federal tables, a review of entering/
updating tax tables, as well as a review of the changes involved with the 2020 and
2021 W4 forms and their effect on the determination of Federal Withholding.
2021 Tax Table Outline