Welcome to summer! Well...almost. Summer doesn't officially begin until June 21st. But this is an important announcement about some payroll-related changes coming during the summer, so we thought we'd get the word out a little early. With vacations, camping trips, and backyard BBQs to plan, we want to make sure you are aware of these changes that are quickly approaching...and that you should also add to your summer planning list.

Around this time each year, we report on all the promised and potential new changes and updates to payroll requirements. 2023 is no exception, and it's quickly approaching. We compiled the following extensive list of items that may result in some payroll changes for your organization. We understand that this is a very long list to review, but we hope that the annual update provides a valuable reference guide for your organization. You might start thinking about these so that you can act sooner than later.

It's summer! And summer in the Pacific Northwest means sunshine, waters warm enough to raft in, cookouts with family and friends, hiking beautiful mountain trails, trips to the coast......and payroll changes. Wait what?! Well okay...thankfully that last one isn't an annual tradition. But unfortunately, employers in Oregon will have to reckon with some payroll changes that are just around the corner. Below is our round-up of things for Payroll Administrators to address before working on their tans.

Did you survive year end and getting all those W2s into the waiting hands of your employees? If you answered "Yes!", then a big CONGRATULATIONS to you...and welcome to 2022! We have all hit the ground running and, believe it or not, we are well into February already. With April right around the corner, we thought now would be a good time to remind everyone about two new taxes that went into effect in Oregon and could require filing.

With a new year come many new changes and updates to payroll requirements. 2022 will be no exception, and with the new year quickly approaching, we've compiled the following extensive list of items that may initiate some payroll changes in your organization. We understand that this is a very long list to review, but we hope it provides a valuable reference guide for your organization. You might start thinking about these and act sooner than later.

On March 11, the American Rescue Plan Act (ARPA) of 2021 was passed and signed into law by President Biden. There are several provisions in the law that could have an impact on employers and specifically on their employees' payrolls.

With a new year come a lot of new changes and updates to payroll requirements. 2021 is quickly approaching, so - as in past years - we compiled the following list of items that may initiate some payroll changes in your organization. You might start thinking about these now and take action sooner than later.

Here we are. The first of October. Does everyone know what that means? Yes, it means the leaves are falling and changing colors, and the holidays are quickly approaching. Payroll/Accounting departments know what it means, too: it’s time, once again, for quarter end.

At the end of September, the IRS issued an updated Form 941 and instructions to be used beginning third quarter of 2020. The Form 941 has been revised to allow employers, who have elected to defer the withholding and payment of the employee share of social security tax on wages paid on or after September 1, 2020, to include the deferral on line 13b. The following additional guidance was also released on completing Line 16, to avoid failure-to-deposit penalties:

On August 8, 2020, President Trump signed an executive action that postpones the collection of employee payroll taxes from September 1st through December 31st. This affects the Social Security FICA taxes. The idea behind taking this action is that, during these difficult economic times due to the COVID pandemic, deferring tax withholding has the potential to put more money in working Americans' pockets to help boost the economy. This action of the Executive Branch results from Congress being unable to arrive at a compromise regarding another round of stimulus assistance.

While the presence of the Coronavirus in the United States stretches into its fifth month, the pandemic continues to impact employers, their businesses, and their workers. Three of the latest developments are below.

As your business continues addressing these items, please remember that Bennett/Porter & Associates is here to continue supporting you, your employees, and your organization. We strive to keep you up-to-date on all the latest HR, payroll, and employer-related technology changes that impact your company. If you are not currently signed-up to receive our Blog posts, we encourage you to do so in order to avoid missing important updates such as these. Please don’t hesitate to reach out with any questions or technology needs you have.