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].
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...
more
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.
more
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...
more
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...
more
https://www.payroll.org/news-resources/news/news-detail/2023/10/27/california-expands-paid-sick-leave-in-2024
Effective January 1, 2024, employees in California will be entitled to additional paid sick leave (PSL). The amount of PSL that an employee can take in one year will increase: the use cap will...
more
https://www.payroll.org/news-resources/news/news-detail/2023/10/25/how-to-take-your-payroll-career-to-new-heights
Sponsored by Robert Half, the free webinar "Take Your Payroll Career to New Heights" takes place Wednesday, November 1 from 1:00 p.m.-2:00 p.m. EDT.
more
https://www.payroll.org/news-resources/news/news-detail/2023/10/24/employers-must-use-new-form-i-9-by-november-1
Starting November 1, employers must use the most current version of Form I-9, Employment Eligibility Verification, which has an edition date of 8-1-23 [USCIS, Countdown to Nov. 1 Is On! – Make Sure...
more
https://www.payroll.org/news-resources/news/news-detail/2023/10/20/ocss-releases-revised-iwo-and-instructions
The Office of Child Support Services (OCSS) released a revised version of the income withholding order for support form (IWO) and its instructions with no substantial changes [OCSS, AT-23-13,...
more
https://www.payroll.org/news-resources/news/news-detail/2023/10/18/find-the-answer-to-are-paycards-still-relevant
Despite the digital revolution, paycards remain relevant due to their ability to provide secure, convenient, and inclusive solutions for payroll distribution. Especially valuable for the unbanked and...
more