Happy New Year!

Our Payroll People family wishes you a very happy new year. We’re looking forward to what 2024 brings and are here to help with anything your business may need to run smoothly.

Compliance Corner

The latest federal and state legislative updates are now available on our blog:

• Federal: IRS ERC Voluntary Disclosure Program
• Federal: IRS Issues Standard Mileage Rate Increase for 2024
• California: California Amends Wage Theft Notice Requirements
• California: California Expands Year-End Notice Requirement for Earned Income Tax Credits
• California: FAQ About CA Paid Sick Leave (PSL)
• Colorado: Colorado Requires New Annual Notice – Provides Model Notice
• Washington: Washington State Announces 2024 Paid Family & Medical Leave Premiums

Year-End/New Year Deadlines: Very Important

Please review the below information for important dates, separated by platform.

iSolved

• All ACA questionnaires should have been submitted by December 15, 2023.
• All ACA data for the tax year 2023 must be in your payroll platform by January 12, approved and signed off.
• We will begin printing 1095C pressure-sealed copies for all platforms on January 15.
• California ACA mandates employees to receive their forms on or before January 31.

Evolution

• All ACA questionnaires should have been submitted by December 15, 2023.
• All ACA data for the tax year 2023 should have been in your payroll platform by January 2, 2024.
• Payroll People to begin printing employer copies for clients to review on January 5.
• All employer copies must be approved and signed off by January 12.
• We will begin printing 1095C pressure-sealed copies for all platforms on January 15.
• California ACA mandates employees to receive their forms on or before January 31.

Payality

• All ACA questionnaires should have been submitted by December 15, 2023.
• All ACA data for the tax year 2023 should have been in your payroll platform by January 2, 2024.
• PPI to begin printing employer copies for clients to review on January 5.
• All employer copies must be approved and signed off by January 12.
• PPI will begin printing 1095C pressure-sealed copies for all platforms on January 15.
• California ACA mandates employees to receive their forms on or before January 31.

Prepare for 2024 Hiring Needs with the Right Tools

Gearing up for a new year often comes with setting goals and looking toward the future. If your business is growing (or you’d like it to be), hiring may play a key role in 2024.

If you ask hiring managers and small business owners what they dislike about hiring and recruiting, a few key aspects of the process will likely come up. For many businesses, the process of finding and bringing on talent is slow, disjointed, and frustrating. But as 2024 kicks off, why not make it easier on yourself and everyone else involved?

Implement an applicant-tracking system that keeps everyone on the same page. Within the payroll platform we offer to clients, recruiting and hiring tools are available. Plus, you can utilize the onboarding functionality when you find your top talent, and they accept your offer.

Talk to your customer service representative or explore our hiring and recruiting solution that will simplify the process for everyone involved.

Registering as an Employer for Remote Workers

Do you have remote workers in other states? You may need to register as an employer in that state. Consult with your legal/accounting advisor and inform your customer service representative.

Important: IRS ERC Voluntary Disclosure

The IRS is sending 20,000 Letter 6577 to inform clients that they were not eligible to claim the ERC and now must repay the IRS. Please review our blog post outlining what this information means and where to find additional details.
Click here to view the blog