HCM Insights December 2022

HCM Insights December 2022

Upcoming Holidays

Christmas & New Year's Day

Happy HolidaysCBIZ HCM offices will be closed on Friday, December 23; Monday, December 26; and Monday, January 2, 2023.  To guarantee the timely posting of employee direct deposits, please be aware that you should process payroll at least two CBIZ business days (by 2:00 p.m. EST) prior to your check date to allow the appropriate time for delivery of your checks and reports.   

Important Payroll Deadlines

  • For a payroll check date of December 26-27, it is important to process payroll on or before Wednesday, December 21, as the last bank file for the holiday week will be sent on December 22, 2022.
  • For a payroll check date of January 3-4, 2023 it is important to process payroll on or before Thursday, December 29, 2022.


Martin Luther King Jr. Day

MLKThe upcoming Martin Luther King Jr. holiday falls on Monday, January 16, 2023. While CBIZ HCM offices will be open this day, this is a Federal Reserve Bank Holiday so payroll draft dates may need to be adjusted.

Important Payroll Deadlines

Check Date

Check Processing Date

Tuesday, January 17, 2023

Thursday, January 12, 2023   

Wednesday, January 18, 2023   

Friday, January 13, 2023


You can now access the CBIZ 2023 Holiday Schedule


 Holiday & Year-End Shipping Reminder

Happy Holidays

The holiday season is here, which means it’s the busiest time of year for our payroll couriers! Between the holidays, current shipping delays, and the possibility of inclement weather this time of year, we encourage you to process payroll one or two days earlier than usual to help keep things running on time. Please note that there will be no impact on bank drafts in the event payrolls are processed early. 

All payrolls must be submitted by 2:00 p.m. EST two days prior in order to guarantee expected shipment dates.


Multistate Payroll: What Businesses Need to Know

HCM_remote-work Businesses with employees who work in multiple states may find that paying them correctly and on time can be confusing and complex. There’s more to consider than just the payroll tax requirements for the states where employees work. Read on to learn more about the unique challenges of operating a business with remote workers and how to handle payroll.


Employers Affected by FUTA Credit Reduction 

HCM_remote-work Four states and one U.S. Territory have been assessed a Federal Unemployment Tax Act (FUTA) credit reduction for employers in 2022. A reduction in the usual credit against the full FUTA tax rate means employers who pay wages subject to unemployment insurance (UI) will owe a higher tax rate.

Find out if your business will be affected by the FUTA credit reduction.


Rethinking Your Employee Benefits Strategy for 2023

In the past, if you provided health insurance and retirement options, your benefits were considered competitive. Now, the pressure is on employers to supply more diverse options.

Employee-friendly startups keep getting more creative with their benefits packages, and the federal government, states and localities are mandating more employee benefits than ever. To stay competitive, consider asking yourself the following questions as you rethink your benefits strategy for 2023.


In Your State

More States Announce New Minimum Wage Rate for 2023

Minimum WageMaine and Nebraska recently announced increased minimum wage rates that go into effect on January 1, 2023. Likewise, the District of Columbia will ring in the new year with a change to the tipped wage. Michigan will increase the minimum wage on February 19, 2023. 

To help companies stay abreast of the minimum wage changes, we’ve put together a list of states that have announced an increase to their minimum wage. Also, keep in mind that other states plan to boost their minimum wage later in 2023.


DC's Clean-Air Transportation Fringe Benefit

DCThe District of Columbia passed an ordinance intended to encourage a reduction in single occupancy transportation with the goal of improving the environment.

The ordinance applies to employers employing 20 or more employees and who offer free or discounted parking. Note, the ordinance does not apply if the employer owns the parking lot.

CBIZ HCM is here to help! Feel free to contact your service team to add an earnings code or adjust any benefits. Also, remember that businesses affected by this ordinance must comply with necessary reporting requirements by January 15, 2023. Finally, note that CBIZ does not file this report on your behalf.


Philadelphia Commuter Benefit Mandate

Minimum WageOn December 31, 2022, the Philadelphia Employee Commuter Transit Benefit Program goes into effect. Because of an update to Title 9 of the Philadelphia code, employers who meet the criteria to be considered Covered Employers must provide eligible employees with commuter transit benefits. For businesses operating in Philadelphia, it is essential to pay close attention to the definitions provided in the ordinance and apply them appropriately.


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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.