To manage your year-end payroll efficiently, make sure that all payroll activities within the tax year are accurately accounted for, info-jmebookkeep. I'm here to guide you in processing your year-end payroll.
The pay period from March 10 to March 23, with a pay date of March 28, will be your final payroll for the current tax year.
Since the tax year concludes on April 5, any payroll with a pay date after this, including those for clients with pay runs ending on April 6 and payment dates of April 11, will be part of the new 2025/2026 tax year and should not be included in the year-end processes for 2024/2025.
To run your final payroll, please follow these steps:
- Go to Payroll and select Employees.
- Select Run payroll.
- Check the pay date. You can select the calendar to change when your employees get paid. Remember, the pay date must fall within the tax period.
- Select all the employees you want to pay.
After running the March 28 payroll, you should complete your year-end processes.
For more details about the year-end guide, please refer to the provided resource or consult number four (4) on how to submit your FPS to HMRC: Year-end guide for QuickBooks Online Standard Payroll.
It's advisable to consult with an accountant or tax professional to ensure all year-end processes are completed correctly and to address any specific issues related to your clients' situations.
Additionally, I have prepared some helpful information for your future reference:
We're always here to help you manage your year-end payroll ensuring all activities are accurately accounted for. If you encounter any difficulties or have specific questions, don't hesitate to reach out for further assistance.
