Happy New Year!
We wish 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: Voluntary Disclosure Program for ERC
- Federal: Standard Mileage Rate Increase for 2024 (IRS)
- California: Amendment to Wage Theft Notice Requirements – CA
- California: Expansion of Year-End Notice Requirement for Earned Income Tax Credits
- California: Paid Sick Leave (PSL) Frequently Asked Questions
- Colorado: New Required Annual Notice in Colorado
- Washington: 2024 Paid Family & Medical Leave Premiums
Year-End/New Year Deadlines: Very Important
Please review the information below for important dates.
- 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.
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
