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California, New York, Virgin Islands Face FUTA Credit Reduction for 2023

https://www.payroll.org/news-resources/news/news-detail/2023/11/14/california-new-york-virgin-islands-face-futa-credit-reduction-for-2023

According to the U.S. Department of Labor (DOL), California, New York, and the U.S. Virgin Islands could not pay back their federal loans by the November 10, 2023, deadline and will lose the full...

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Navigating the Complexities of Global Payroll, HR—Risks and Challenges

https://www.payroll.org/news-resources/news/news-detail/2023/11/13/navigating-the-complexities-of-global-payroll-hr-risks-and-challenges

This article contains sponsored content.

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IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals

https://www.payroll.org/news-resources/news/news-detail/2023/11/10/irs-announces-2024-colas-for-transportation-fringes-fsa-deferrals

The IRS released cost-of-living-adjustments (COLAs) for 2024 reflecting any increases in excludable transportation fringes and the flexible spending arrangement (FSA) deferral limit, among other...

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State Unemployment Insurance Taxable Wage Bases for 2024

https://www.payroll.org/news-resources/news/news-detail/2023/11/09/state-unemployment-insurance-taxable-wage-bases-for-2024

Several states have released their state unemployment insurance taxable wage bases for 2024 in a chart provided and updated by PAYO.

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Free PAYO eBook Has Your Payroll Answers

https://www.payroll.org/news-resources/news/news-detail/2023/11/07/free-payo-ebook-has-your-payroll-answers
Need answers to your toughest payroll questions? PayrollOrg’s (PAYO) eBook, Top Payroll Questions and Answers for 2023, sponsored by Fintwist by Comdata, contains solutions to payroll questions that...

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IRS Announces 2024 Retirement Plan Contribution, Benefit Limits

https://www.payroll.org/news-resources/news/news-detail/2023/11/02/irs-announces-2024-retirement-plan-contribution-benefit-limits

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2024 [Notice 2023-75, 11-1-23].

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Compliance TV: Social Security Wage Base Increases for 2024; IRS Releases 2023 ACA Forms, Plus Announces ERC Claims Withdrawal Process; and more

https://www.payroll.org/news-resources/news/news-detail/2023/11/06/compliance-tv-social-security-wage-base-increases-for-2024-irs-releases-2023-aca-forms-plus-announces-erc-claims-withdrawal-process-and-more
In this November 2023 edition of Compliance TV:
  • Social security wage base increases to $168,600 for 2024
  • IRS releases 2023 ACA forms, instructions, and test packages
  • OCSS releases revised IWO and...

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Child Support Report Features Independent Contractor Model Legislation

https://www.payroll.org/news-resources/news/news-detail/2023/11/03/child-support-report-features-independent-contractor-model-legislation
Read PAYO’s article, “Model Act for Independent Contractor Reporting” in the October edition of the Child Support Report, published by the federal Office of Child Support Services.

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Register by November 3 for SSA's Semi-Annual Meeting on November 8

https://www.payroll.org/news-resources/news/news-detail/2023/11/01/register-by-november-3-for-ssa's-semi-annual-meeting-on-november-8

The Social Security Administration’s (SSA) Fall 2023 Semi-Annual Meeting With the Wage Reporting Community and IRS will be held on Wednesday, November 8, from 1:00 to 3:00 p.m. EST. The meeting will...

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President Biden Issues Executive Order to Establish AI Standards

https://www.payroll.org/news-resources/news/news-detail/2023/10/31/president-biden-issues-executive-order-to-establish-ai-standards

On October 30, President Biden issued an Executive Order that establishes new standards for artificial intelligence (AI) safety and security to protect Americans from the potential risks of AI...

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