As the year draws to a close, another important step in preparing for year-end is reconciling your totals. Ideally, you should be reconciling your 941s each quarter before they are submitted to ensure accuracy. This not only helps confirm that your quarterly filings are correct, but also makes your year-end W2 process much smoother. When reconciling your 941, you’ll want to go beyond simply verifying the totals. It’s important to double-check that your Federal wages , Social

As summer fades and the leaves begin to change, it’s the perfect time to start preparing for the calendar year-end. Taking a few proactive steps now can help ensure your W-2s are accurate and that year-to-date deductions align with IRS limits. Review 403(b) Contributions Verify that no employee is projected to exceed the annual 403(b) limits. For 2025, the standard limit is $23,500 , with potential catch-up contributions available depending on your plan. Run a deduction repor

Now that your CAR, SES, and Transportation Reports are certified, it’s a perfect time to review your balance sheet—especially Accounts...

Bank reconciliations may not be the most exciting part of our work, but they are one of the most critical. They can also be...

Anyone who knows me knows how much I love the Iowa Association of School Business Officials (IASBO)! One of the first things I tell...