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Updates for Payroll for October

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Here are our updates for October.  I pick one item from each of my newsletters to feature.  To receive all of our payroll news updates, please subscribe to my news update service.

October 19:

Unemployment Insurance 2023 Wage Bases and Rates:

  • New York: The taxable wage base for 2023 will be $12,300
  • Oklahoma: The unemployment taxable wage base will increase to $25,700.
  • Wisconsin: For 2023, Schedule D remains in effect
  • Wyoming: the 2023 unemployment taxable wage base will increase to $29,100.

October 15:

IRS has announced transportation fringe benefits for 2023.  They are:

Qualified transportation: For taxable years beginning in 2023, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $300.  The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $300.

October 14: 

Washington: the state has two items for today’s update. These are:

  1. The Seattle Office of Labor Standards has announced the 2023 minimum wage
    • For large employers (501 or more employees): $18.69 per
    • For small employers (500 or fewer employees) who do pay at least $2.19 per hour toward the employee’s medical benefits and/or where the employee does earn at least $2.19 per hour tips the rate will be $16.50 per hour, otherwise the minimum wage rate of $18.69 per hour would apply.
  2. The SeaTac minimum wage rate for hospitality and transportation industry employees working in and near SeaTac will increase to $19.06 per hour, effective January 1,

 

 

Payroll News Updates for July 2022

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Here are my news updates for the month of July.  I post one news item each time I send out my e-alert to my subscribers. To become a subscriber and receive all the latest payroll news right to your inbox subscribe to Payroll 24/7 for only $149 per year.

 

 

July 27, 2022: IRS: the following forms have been issued in draft version:

Form W-4 for 2023

Form 8922 Third-Party Sick Pay Recap for 2022


July 13, 2022: California, Los Angles: The City Council of Los Angeles passed and the mayor has signed the Healthcare Workers Minimum Wage Ordinance on June 29, 2022. The Ordinance requires a “covered healthcare facility” to pay a “healthcare worker” a minimum wage of no less than $25 per hour and requires that beginning January 1, 2024, the minimum wage for healthcare workers be adjusted for inflation. This new law takes effect 31 days after the City Clerk publishes the ordinance.

Daily News Updates for April

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Here are our news updates for April.  I post one news item per update to our subscribers here on the blog. To receive all of the day’s payroll news updates, subscribe to Payroll 24/7 for only $149 per year.

 

 

 

April 29, 2022: The IRS has issued the following in draft form:

April 20, 2022:  The IRS has released the draft of the Form 941 for the second quarter of 2022. Major changes include marking most COVID19 related lines as “reserved for future use”. The forms 941-SS and 941 PR have also been released draft

April 5, 2022: The Office of Child Support Enforcement has created the electronic version of the National Medical Support Notice.  Known as e-NMSN it is modeled after the highly successful e-IWO process.  Information on this new system can be found on the OCSE website.  Currently Virginia is the only state using this new system.

 

Daily News Updates for March

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Here are our news updates for March.  I post one news item per update to our subscribers here on the blog. To receive all of the day’s payroll news updates, subscribe to Payroll 24/7 for only $149 per year.

 

 

 

March 29: Utah has passed a law (SB 39) that amends how nonresidents working in Utah are taxed. The “mobile workforce” income tax bill addresses the tax liability and withholding requirements for a nonresident individual earning wages in the state. This bill creates an exemption from income tax if a nonresident individual works in the state for 20 or fewer days during a taxable year and provides the circumstances that the individual’s resident state provides a substantially similar exclusion or does not impose a state individual income tax.

March 25:  Two California cities have minimum wage increases coming in July:

  • Emeryville, California: The city’s minimum wage rate will increase to $17.68 per hour effective July 1, 2022.
  • Pasadena, California: The minimum wage rate for Pasadena will increase to $16.11 per hour on July 1, 2022.

March 9:  The Department of Transportation has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rates for determining the value of noncommercial flights on employer-provided aircraft in effect for the first half of 2022 for purposes of the taxation of fringe benefits. The unadjusted rates for flights taken during the period from January 1, 2022, through June 30, 2022are as follows:

  • $.2460 per mile for the first 500 miles
  • $.1876 per mile 501 through 1,500 miles
  • $.1803 per mile over 1,500 miles
  • terminal charge is $44.98

Daily News Updates for January, 2022

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A bit more of a change up for the new year.  Several of my followers have noted that having one blog for news updates per month would be easier rather than breaking it up by week.  To further refine my new blogs I will do one for each month, in this case January, and update daily as my news letters go out.  I hope you find this helpful.

January 25, 2022: IRS: The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. Notice 2021-65 applies to employers that paid wages after September 30, 2021 and received an advance payment of the Employee Retention Credit for those wages or reduced employment tax deposits in anticipation of the credit for the fourth quarter of 2021 but are now ineligible for the credit due to the change in the law.

January 14, 2022: Virginia:  The Department of Taxation has revised the Income Tax Withholding Guide for Employers with a January 2022 revision date. The Guide was last revised November 2021. There are no substantive changes. The tax tables are not changed.

January 6, 2022: On the payroll industry phone call this morning the IRS stated to my question that it has still not issued guidance on the electronic filing threshold for Forms W-2 for 2021 W-s filed by 1-31-22. It could be 100 or more or still 250 or more.

January 4, 2022:   Form W-4 has been finalized for 2022. It is available on the IRS website.

 

 

 

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New Website by SSA…What’s New for 2022

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The Social Security Administration has sets up a What’s New for 2022 internet site.  In it users find links to the tutorial and training package that may be useful for users on SSA’s new Wage File Upload process that will go into production in December 2021. The SSA nows offer a new way to upload W-2 files if it meets the specifications (EFW2).

  • Wage File Upload, available through our Business Services Online (BSO), will process your file and provide results in real-time. You will receive a receipt right away indicating Success or Errors.
  • If your file is rejected, we will provide you the errors right on the screen.
  • You will not receive a Wage File Identifier (WFID) until you have fixed the errors and your file has passed all edits For more information.

For more information, read the tutorial , view the infographic, view the video and, read the training package. (SSA communication, September 30, 2021).