The Employer's December Compliance Checklist
December is the month where the whole payroll year has to close cleanly. Here is what a Philippine employer needs to finish before the 24th, before the 31st, and before January's filings arrive.
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11 articles matching "YearEnd"
December is the month where the whole payroll year has to close cleanly. Here is what a Philippine employer needs to finish before the 24th, before the 31st, and before January's filings arrive.
December payroll goes wrong in November, while the master file is still fixable. Here is a sequenced plan for 13th month pay, the P90,000 cap, annualized withholding and contribution reconciliation.
The fourth quarter is the last window to set next year's budget, headcount and targets while the current year is still closing. Here is how to run both calendars as a single planning exercise.
The weeks right after filing are the best time to work out why it was hard. This debrief covers the reconciliations, the new invoicing rules, the document trail and a calendar you can work backwards from.
Year-end closing goes smoothly in proportion to how little of it is a surprise. Here is an order of work for December: what to reconcile first, how to tie inventory and assets to the ledger, and which reports follow.
A practical walkthrough of how 13th month pay and year-end bonuses are taxed in the Philippines, from the ₱90,000 exclusion to the taxable excess. It also explains what annualisation does to your December payroll.
December 24 is a statutory deadline, not a target date. A practical walkthrough of reconciling attendance, the payroll register and the general ledger so year-end variances surface while there is still time to correct them.
A practical guide to the handful of year-end numbers that actually change what you do next year. Learn which metrics to pull, how to read them together, and how to turn the review into a plan you check monthly.
The TRAIN Law's second set of income tax rates takes over on January 1, 2023. Here is what payroll officers should settle in December so the first January run comes out correct.
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