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  • Aug 15 / 2023
What's New

California Minimum Wage Increase to $16 Per Hour Starting January 1, 2024

California’s Director of Finance has officially endorsed a minimum wage increase to $16 per hour for all California employers starting January 1, 2024, following an annual review by the Department of Finance. This review evaluates inflation’s impact and aligns with state Labor Code criteria. The adjustment also raises the base salary requirement for employees classified under “white collar” exemptions, necessitating a fixed salary of at least twice the state minimum wage for full-time work. Read more at aalrr.com 

  • Apr 19 / 2023
What's New

APA FPC/CPP Payroll Certification program


The 
payroll industry is dynamic and ever-changing. Each year, federal, state, and local legislative changes affect how payroll is administered. Payroll professionals must keep their knowledge up to date to avoid hefty noncompliance fines.  Register for our program and let us help you advance your knowledge and prepare to take and pass the FPC or CPP certification exam this year!  Our live, instructor led program prepares you for either exam and exam cost is included in our program fee. Program runs from 9am to 4pm and it’s virtual live.   

Eligibility Requirements for FPC and CPP Examinations/Certification

There are no payroll experience requirements to take the FPC exam. However, to be eligible to sit for the CPP exam, the American Payroll Association (APA) requires that candidates meet specific payroll experience or educational criteria. See the links below for details on each certification option.  

Fundamental Payroll Certification (FPC)

The FPC is a certification credential for those new to payroll and sales, service and support professionals. The exam is open to all those who wish to demonstrate a baseline of payroll competency. For more information visit: www.americanpayroll.org/certification

Certified Payroll Professional (CPP) 

The CPP is a certification credential for experienced payroll professionals. To qualify for CPP certification, candidates at a minimum must have three years of payroll practice in the five years prior to taking the exam. For more information

visit: www.americanpayroll.org/certification

Prove Your Payroll Expertise

American Payroll Association’s payroll credentials, FPC and CPP, offer career growth, advancement, and recognition. Certification can help you:

  • Increase your salary.
  • Demonstrate your commitment to being an expert in the payroll field.
  • Boost your confidence and recognition.
  • Set you apart from colleagues and make you more valuable to your organization.

 Program Details – What’s Included

  • Learn from a knowledgeable instructor who provides expertise, insight and one-on-one guidance.
  • Network, share experiences and discuss topics with a diverse group of payroll professionals.
  • Stay on track toward earning your certification with a structured learning experience and instructor support.
  • Program fee includes all books and actual CPP or FPC exam
  • Gain 24/7 access to our online learning system designed to help you understand, apply, and engage with relevant payroll content and online exercises.  Online modules are aligned with the FPC and CPP exams, and interactive study tools are available to test your knowledge, skills, and abilities are incorporated into the study process.
  • Participants will receive a certificate of completion from the University of La Verne. 

Scheduling Your Exam

For best results, we recommend scheduling your certification exam for a date that is after the end of our program. See details for our program and exam window.  For more details on how to apply for your exam, visit www.americanpayroll.org/certification

ACTUAL VIRTUAL LIVE CLASS DATES AND TIMES

Saturdays – March 4th through April 8th
9am to 4pm
6 Sessions

The exam is offered in North America during the following windows:

Spring 2023
Registration: November 7, 2022 – April 14, 2023
Exam: January 9 – April 15, 2023

Fall 2023
Registration: July 5 – October 6, 2023
Exam: September 9 – October 7, 2023

Exams administered from September 10, 2022 through September 8, 2023, feature questions based on federal laws and regulations in effect as of January 1, 2022.

Exams administered from September 9, 2023 through September 7, 2024, feature questions based on federal laws and regulations in effect as of January 1, 2023.

Program Outline

Our comprehensive program provides participants with a solid understanding of advanced payroll topics necessary for payroll managers and supervisors responsible for their organization’s compliance. This program is ideal for experienced payroll professionals seeking compliance training, professional development, or CPP/FPC exam preparation.

Topics include the advanced study of:

  • Payroll Concepts
  • Calculations of Pay
  • Calculations of Deductions and Net Pay
  • Fringe Benefits and Other Payments
  • Retirement Plans
  • Cafeteria Plans
  • Payroll Reporting and Employment Taxes
  • Record Keeping and Payroll Practices
  • Payroll Accounting and Audits
  • Payroll Administration and Management
  • Health Benefits
  • International Payments

We look forward to working with you.   For additional questions, please contact me at [email protected] or 909-225-7309.  Thanks, Jaimie

  • Oct 30 / 2022
What's New

IRS Announces 2023 Retirement Plan Contribution, Benefit Limits

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2023 [Notice 2022-55, 10-21-22].

IRC §415, which provides for dollar limits on benefits and contributions under qualified retirement plans, requires that the IRS annually adjust these limits for cost-of-living changes. The IRC also requires various other amounts to be adjusted at the same time and in the same manner as these dollar limits.

The limitation on the exclusion for elective deferrals under §402(g)(1) (e.g., §401(k) and §403(b) plans) increases to $22,500 (from $20,500).

Courtesy of the APA – Jyme Mariani, Esq.

  • Oct 30 / 2022
What's New

Social Security Wage Base Increases to $160,200 for 2023

On October 13, the Social Security Administration (SSA) announced that the 2023 social security wage base will be $160,200, which is an increase of $13,200 from $147,000 in 2022 [SSA, Press Release, 10-13-22]. The SSA Fact Sheet is available at https://www.americanpayroll.org/compliance/compliance-overview/annual-irs-annoucements.

Maximum social security tax. The maximum social security tax employees and employers will each pay in is $9,932.40, an increase of $818.40 from $9,114.00 in 2022.

Courtesy of the APA – Jyme Mariani, Esq.

  • Oct 30 / 2022
What's New

IRS Announces 2023 COLAs for Transportation Fringes, FSA Deferrals

The IRS released cost-of-living-adjustments (COLAs) for 2023 reflecting any increases in excludable transportation fringes and the flexible spending arrangement (FSA) deferral limit, among other changes [Rev. Proc. 2022-38, 10-18-22].

Transportation Fringes

For 2023, the amounts that may be excluded from gross income for employer-provided qualified transportation fringe benefits and qualified parking increase to $300 per month ($280 in 2022).

FSA Deferrals

For plan years beginning in 2023, the dollar limitation for voluntary employee salary reductions for contributions to health FSAs increases to $3,050 ($2,850 in 2022). For cafeteria plans that permit the carryover of unused amounts, the maximum carryover amount increases to $610 ($570 in 2022).

Courtesy of the APA – Jyme Mariani, Esq.

  • Jul 23 / 2022
What's New

IRS Issues Revised Form 941 and Schedules, Form 941-X


The IRS released: a revised Form 941, Employer’s Quarterly Federal Tax Return, and its instructions; instructions for Schedule B, Report of Tax Liability for Semiweekly Schedule Depositors; Schedule R, Allocation Schedule for Aggregate Form 941 Filers, and its instructions; and Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, and its instructions.

All of the forms and instructions were updated to reflect the expiration of COVID-19-related relief.

Changes to Form 941, Instructions

The updated Form 941 and its instructions have a revision date of June 2022 and can be used for the second, third, and fourth quarters of 2022. Form 941 was last updated in March for use in the first quarter of 2022 only.

The instructions now include only two worksheets. Worksheet 3, COBRA Premium Assistance Credit, is no longer included.

Changes to Form 941-X

The IRS also updated Form 941-X to match changes made to Form 941. The Form 941-X instructions have a revision date of April 2022 and should be used with the April 2022 revision of Form 941-X for all years for which the statute of limitations on corrections has not expired.
Courtesy of the American Payroll Association, Jyme Mariani, Esq.

  • Jul 23 / 2022
What's New

Business Standard Mileage Rate Increases to 62.5 Cents for Second Half of 2022

The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning July 1, 2022, will be 62.5 cents per mile, up 4 cents from the first half of 2022 [Announcement 2022-13, 6-9-22]. The IRS is making the midyear change “in recognition of the recent gasoline price increases.” While rare, the IRS has made midyear adjustments before. The last time the IRS made such a change was in 2011.

In addition, the standard rate for miles driven for medical or moving purposes will increase to 22 cents per mile, up from the 18 cents-per-mile rate in effect during the first half of 2022. The deduction for moving expenses only applies to members of the Armed Forces on active duty who move under a military order and due to a permanent change of station.

The standard mileage rate for operating a passenger car for charitable purposes, which is set by law, will remain at 14 cents per mile for the remainder of 2022.
Courtesy of the American Payroll Association, Curtis E. Tatum, Esq. 

  • Jul 23 / 2022
What's New

IRS Announces HSA Limits for 2023

The IRS announced the 2023 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans (HDHPs) that must be used in conjunction with HSAs [Rev. Proc. 2022-24].

Annual Contribution Levels for HSAs

The maximum annual HSA contribution for an eligible individual with self-only coverage is $3,850 ($3,650 in 2022).

For family coverage, the maximum annual HSA contribution is $7,750 ($7,300 in 2022).

Amounts for Out-of-Pocket Spending on HSA-Compatible HDHPs

The maximum annual out-of-pocket amount for HDHP self-only coverage is $7,500 ($7,050 in 2022), and the maximum annual out-of-pocket amount for HDHP family coverage is twice that at $15,000 ($14,100 in 2022).

Minimum Deductible Amounts for HSA-Compatible HDHPs

The minimum deductible for HDHPs is $1,500 ($1,400 in 2022) for self-only coverage and $3,000 ($2,800 in 2022) for family coverage.

Maximum Amount Available Under an Excepted Benefit HRA

The maximum amount that may be made available for an excepted benefit health reimbursement arrangement (HRA) is $1,950 ($1,800 in 2022).

Courtesy of the American Payroll Association Jyme Mariani, Esq.

  • Jul 17 / 2022
What's New

Department of Education Extends Federal Student Loan Reief

On April 6, the U.S. Department of Education announced it will extend the federal student loan relief until August 31, 2022 [U.S. Department of Education, Press Release, 4-6-22].

During this extension of relief for federal student loan borrowers, repayments, interest, and collections are still halted, and any borrower with defaulted federally held loans whose employer continues to garnish their wages will receive a refund of those garnishments.

The relief had been set to expire on May 1. The Department of Education will release information about the payment restart as the end of the pause approaches
Courtesy of the APA Jyme Mariani, Esq.

OCCAPA: Network. Learn. Succeed.