january payrollsjanuary payrolls payroll register – cut checks / pay employees update employees’...
TRANSCRIPT
• January Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit “941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
January
• February Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit “941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
February
• March Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit “941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
March
• April Payrolls• Payroll Register – Cut Checks• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
April• Quarterly Reports – 1st Quarter
• Form 941 – Federal FICA/FIT Form• Form IL-941 – Illinois Quarterly SWT Form• Form UI-3/40 – Illinois SUTA Form & Payment• FUTA – if over $500, then electronically deposit.
• May Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
May
• June Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
June
• July Payrolls• Payroll Register – Cut Checks• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
July• Quarterly Reports – 2nd Quarter
• Form 941 – Federal FICA/FIT Form• Form IL-941 – Illinois Quarterly SWT Form• Form UI-3/40 – Illinois SUTA Form & Payment• FUTA – if over $500, then electronically deposit.
• August Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
August
• September Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
September
• October Payrolls• Payroll Register – Cut Checks• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
October• Quarterly Reports – 2nd Quarter
• Form 941 – Federal FICA/FIT Form• Form IL-941 – Illinois Quarterly SWT Form• Form UI-3/40 – Illinois SUTA Form & Payment• FUTA – if over $500, then electronically deposit.
• November Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
November
• December Payrolls• Payroll Register – Cut Checks / Pay Employees• Update Employees’ Earnings Records• Record Journal Entry• Electronically Deposit“941” Taxes• Electronically Deposit Illinois SIT Withholding Tax
Payroll Class Review
December
• Annual Reports• W2’s – Give to Employees by January 31st
• W3 – Sent to SSA with W2’s by February 28th
• Form 940 – Annual FUTA form by January 31st
Payroll Class Review
January• Quarterly Reports – 4th Quarter
• Form 941 – Federal FICA/FIT Form• Form IL-941 – Illinois Quarterly SWT Form• Form UI-3/40 – Illinois SUTA Form & Payment• FUTA – if over $500, then electronically deposit.