On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, an omnibus bill that includes the “SECURE 2.0” legislation. It is referred to as such because it builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.
Key SECURE 2.0 provisions include:
On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications. Specifically, the rule:
An HR compliance calendar is a valuable tool to help your business stay on track with key employment-related deadlines throughout the year. HR compliance is a complex area with many moving parts. Keeping track of HR deadlines during 2023 can help your business stay organized and avoid the penalties or workplace disruption that may be triggered by noncompliance.
There are a number of HR compliance tasks with predictable deadlines that you can anticipate from year to year, such as providing your employees with Form W-2 and filing Form 5500 for your employee benefit plans. Other deadlines can be unpredictable or triggered by certain events, such as when you hire a new employee or when an employee gets injured at work. Knowing what your business is required to do and when is the best way to stay compliant.
We recently released our latest Attraction and Retention Newsletter for the first quarter of 2023. In this edition, we cover:
On our first HR podcast for the new year Rob, Scott, and Jason cover some of the top HR issues from 2022 and look ahead in 2023. They discuss the vaccine mandate, supreme court rulings, no proposed overtime rule, large company layoffs, quiet quitting, Dobbs (Roe v. Wade) ruling effects, and hiring problems. They also look ahead for 2023 and predict more layoffs, interest rates continuing to rise, minimum wage changes, getting employees back to the office, company handbook updates, and more!
Contact us with any questions you may have, we’re here to help: hr@employco.com
At Employco we provide customized HR solutions to businesses across the entire country.
This video will introduce you to some of our team members who describe what makes our services unique. From human resources and benefits to payroll and workers’ compensation, we’re here to help!
For more information feel free to reach out to us directly, we’d love to be a resource for your business.
In this video, Rob and Jason discuss the top HR trends to monitor this year. They cover wage increases, pay transparency, financial and mental well-being, and more.
Questions? We’re here to help: hr@employco.com
On behalf of all of us at Employco USA, we wish you a Happy New Year!
Our offices will be closed on Monday, January 2nd, 2023. We will reopen during normal business hours on Tuesday, 01/03/2023. Please contact us if you have any questions or special requests.
In observance of the holiday season, our offices will be closed on:
We will reopen during regular business hours each following Tuesday.
On behalf of all of us at Employco USA, we wish you a happy holiday season! Please contact us if you have any questions or special requests.
In this video, Rob and Jason discuss a new virtual telehealth service by Amazon. They cover when it’s launching, who it’s launching to, how it works, an example scenario, costs, how it compares to a standard primary care doctor, and more.
Questions? We’re here to help: hr@employco.com