Orange County Chapter, American Payroll Association
President’s Message - I am honored to welcome our new and returning members as your 2024-2025 Orange County Chapter of the American Payroll Association (OCCAPA) President. As I enter my first year as… Read More
Speaker: Mindy Mayo is a Managing Director in KPMG’s Silicon Valley office. She has over 30 years of employment tax experience and has assisted clients through a myriad of payroll issues encountered during a company’s life cycle. Mindy has worked with companies of all sizes, assisting with employment tax matters from start of business through branch or company closure.
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Speaker: Ankit Jhunjhunwala, Director of Product Marketing – Wisely by ADP
Ankit is a marketing and technology professional with over 10 years of industry experience. He currently serves as the product marketing lead for the Employee Financial Solutions business unit at ADP.
Speaker: Jim Hart is a shareholder in the Irvine office of Littler Mendelson, the largest U.S.-based law firm exclusively devoted to representing management in employment and labor law matters.
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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].
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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.
Read more » 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].
Read more » 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.
Read more »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.”
Read more » 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].
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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]
Read more » The IRS released cost-of-living-adjustments (COLAs) for 2022 reflecting any increases in the flexible spending arrangements (FSA) deferral limit, foreign earned income exclusion, and excludable transportation fringes, among other changes [Rev. Proc. 2021-45, 11-10-21].
Read more » The IRS has announced the cost-of-living adjustments (COLAs) to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2022.
The Social Security Administration announced that the 2022 social security wage base will be $147,000, which is an increase of $4,200 from $142,800 in 2021.
The maximum social security tax employees and employers will each pay in 2022 is $9,114, an increase of $260.40 from $8,853.60 in 2021.
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The OCCAPA is an Autonomous and Independent Chapter of PayrollOrg.
