HCM Insights April 2023

HCM Insights April 2023

Upcoming Holidays

Memorial Day

flagIn observance of Memorial Day, CBIZ HCM offices will be closed on Monday, May 29, 2023. Memorial Day is a Federal Reserve Bank Holiday, which means payroll draft dates may need to be adjusted.

Important Payroll Deadlines

Check Date

Check Processing Date

Tuesday, May 30, 2023

Thursday, May 25, 2023   

Wednesday, May 31, 2023   

Friday, May 26, 2023


You can now access the CBIZ 2023 Holiday Schedule


WOTC 101 - Everything You Need to Know


To maximize your hiring budget, consider taking advantage of the Work Opportunity Tax Credit (WOTC). This credit is available to employers who hire individuals from specific "targeted groups" who have faced significant obstacles in finding employment. Not only does this program benefit employers, but it also positively impacts the lives of those who may have otherwise faced employment challenges.


What the Secure 2.0 Act Means for Employers

secure 2.0President Biden signed the Consolidated Appropriations Act of 2023 (the Act) on December 29, 2022. Within this omnibus bill is the SECURE 2.0 Act. SECURE 2.0 introduces several key provisions for 401(k) and 403(b) plans and impacts many employer-sponsored plans.


ACA Pay or Play Penalties Will Increase for 2024


The IRS has released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). This announcement comes as many employers have had to increase their healthcare spending due to Revenue Procedure 2022-34, which reduced the ACA affordability percentage for 2023.


2023 State of Health Care Report


What is the state of employer-sponsored health care today, and where is it headed? To answer this question, our experts collected and analyzed health care-related data from large employers across the country and compiled that data in the CBIZ Health Innovations Practice 2023 State of Health Care Report.


In Your State

Arkansas to Disqualify UE Claimant Who Ghost Employers

Sick Leave On February 21, 2023, Arkansas adopted the Prohibiting Unemployment Claimants from Ghosting Employers Act of 2023 (PUCGEA). As the name suggests, the purpose of this law is to disqualify individuals from unemployment benefits if they ghost possible employers, meaning they fail to respond to an offer of employment or appear for a previously scheduled job interview. This law will become effective on January 1, 2024.


More State-Specific Updates

Click on blue text for more details on state-specific updates

California - San Francisco HCSO Report due May 1


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The information contained in this HCM Insights is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations. This information is provided as general guidance and may be affected by changes in law or regulation. This information is not intended to replace or substitute for accounting or other professional advice. You must consult your own attorney or tax advisor for assistance in specific situations. This information is provided as-is, with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.