Penta 2024 End of Year Bulletin 4 of 4

The 2024 End of Year Payroll Guide leads you through W-2 and other annual reporting procedures in PENTA, as well as steps necessary to prepare for the new payroll year. The guide is not version specific. Although the guide may depict window layouts, menu paths, and features different from your own, the procedures are the same.

You can access the End of Year Payroll Guide via the Knowledge Base End of Year Information article. 

Reservation for Installation of End-of-Year Tax Kit

If you have not reserved the date and time for your end of year tax kit installation, please do so using the link below. The tax kit includes changes required for W-2 and 1099 processing.  Installations take place December 17-20. Reservation Form

Federal and State Tax Changes

The tax kit will include changes issued prior to December 13, 2024. These changes are date sensitive and affect tax calculations on the appropriate date.

W-2 Program Changes

PostScript laser form layouts compatible with 2024 requirements. (PENTA supports only PostScript laser forms for printing W-2's)

Electronic/magnetic media formats compatible with 2024 state requirements.
Electronic filing formats compatible with 2024 requirements of select localities.

Adjusting Entries

Make adjusting entries, such as those done via the Initial Load and Other Compensations window, prior to the last pay run of the year so PENTA can self-adjust FICA, MEDI, SDI, and SUI taxes during a subsequent 2024 pay run. Refer to Section 6 "Make Adjustments & Entries" of the 2024 End of Year Payroll Guide for additional information.

State W-2 Filing

States generally require that tax and other identification numbers be included in W-2 files. Ensure that values entered in the state Tax Information window include all the tax ID components required for the state. 

SSA AccuWage Application for W-2 File Verification 

Available online at: https://www.ssa.gov/employer/accuwage/

1099 Guide

The 2024 1099 Guide leads you through PENTA's 1099-MISC and 1099-NEC reporting procedures. The guide is not version specific. Although the guide may depict window layouts and menu paths differently from your own, the procedures are the same.

You can access the 1099 Guide via the End of Year Knowledge Base article.

1099 Program Changes

Penta continues to support PostScript laser forms and Combined Federal/State Filing.

Knowledge Base End of Year Information