The Payroll Factory, Inc. January 2023 Newsletter.
Welcome to 2023.
The payroll world turns its attention this month to processing 4th quarter payroll tax reports, generating 2022 W-2’s and filing W-3 reconciliation returns.
Last Thursday December 29th, 2022 the IRS
issued the 2023 mileage rates:
Business mileage rate will increase to 65.5 cents per
mile up from 62.5 cents per mile.
Medical or moving expenses for qualified active-duty
members of the Armed Forces stays at 22 cents per mile.
Miles driven in service of charitable organizations
remains unchanged at 14 cents per mile.
Please make sure your Pennsylvania clients are providing
their payroll processors their 2023 UC experience rate notices. They have been arriving at Pennsylvania
businesses and organizations over the past few weeks.
The new 2023 Pennsylvania UC rate for new entity
non-construction is 3.8220%. The 2023
Pennsylvania UC rate for new construction companies is 10.5924%.
The Pennsylvania UC taxable wage base for employees stays
at $10,000 for 2023. The Pennsylvania UC
employee contribution in 2023 rises from 0.06% to 0.07% on employee gross
wages.
New Jersey minimum wage will increase in 2023 to $14.13
per hour.
Please feel free to circulate this newsletter to your associates and clients as well. As always “whatever it takes,” I look forward to working with you, your associates and above all my clients.
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
