HCM Insights October 2023

Upcoming Holidays

Thanksgiving Day

In observance of the Thanksgiving Holiday, CBIZ HCM offices will be closed on Thursday, November 23, 2023, and Friday, November 24, 2023. Also, Thursday, November 23, 2023, is a Federal Reserve Bank Holiday, which means payroll draft dates may need to be adjusted. (Note: we will send the last bank file for the holiday week on Wednesday, November 22, 2023.)

Important Payroll Deadlines

EEOC Announces New Opening for 2022 EEO-1 Reports

Employers planning to submit their 2022 EEO-1 report can expect the portal to be available beginning on October 31, 2023, and employers will have until December 5, 2023, to complete their 2022 EEO-1 reporting submissions, according to a U.S. Equal Employment Opportunity Commission (EEOC) announcement.

Year-End Payroll Checklist

Year-end is approaching, and though it’s hard to believe, 2023 will be here before we know it. Payroll professionals have much to do to prepare for this important milestone.

We’ve put together a few tips, tricks, and reminders as you prepare for year-end.

Tax Reminder: when you receive letters from any government agency with a new tax rate or deposit information forward a copy to [email protected].

2024 State Unemployment Tax Rates 

Many state unemployment tax agencies have begun mailing 2024 state unemployment insurance (SUI) tax rates as well as filing frequency changes to employers. Once you receive this information, please forward it to the CBIZ Payroll Tax Team. 

SUI Rates Available - November - December 2023

Alaska, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Kentucky, Louisiana, Maine, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Texas, Utah, Virginia, West Virginia, and Wisconsin

Please note that Georgia employers will need to obtain their rates online beginning mid-November 2023.

SUI Rates Available - January 2024

Arizona, Connecticut, Hawaii, Maryland, Massachusetts, Michigan, Mississippi, New York, Rhode Island, South Carolina, Washington, and Puerto Rico

The Top Employee Benefits Challenges for HR Teams Today

The last few years have been filled with disruptions that significantly altered the way we work. While these curveballs have resulted in increased challenges for all members of the workforce, HR professionals in particular have undergone significant transformations and expanded their scope to encompass key functions like overseeing employee compensation and benefits.

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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.