The Payroll Factory, Inc. January 2024 Newsletter.
Welcome to 2023.
The payroll world turns its attention this month to processing 4th quarter payroll tax reports, generating 2023 W-2’s and filing W-3 reconciliation returns.
A few weeks ago, the IRS issued mileage rates for
2024. They include as follows:
Business mileage rate increases to 67 cents per mile up from
65.5 cents per mile.
The mileage rate for medical and moving purposes for
qualified active duty of the armed forces decreased by 1 cent to 21 cents per
mile.
Drives in service/charitable stays at 14 cents per mile.
Pennsylvania 2024 experience rates will be from 1.149% to
10.3734%. The employee rate is 0.07%,
the 2024 rate for a new entity is 3.822% and the rate for a new construction
company is 10.5924%. The UE taxable wage
base remains unchanged at $10,000.
Please remind your Pennsylvania clients if they outsource
their payroll, to remit their 2024 UC rates to their payroll processors for
them to update their records.
Please feel free to circulate this newsletter with your clients and staff. As always, “whatever it takes,” I look forward to working with you, your associates and above all your clients. Thank you very much.
Steve Sabel
Senior Account Relationship Manager
The Payroll Factory, Inc.
18 East Lancaster Avenue
Malvern, Pennsylvania 19355
267-907-4179 cell
steve@prfusa.com
www.thepayrollfactory.com
