Many employers reward and recognize high performers with a bonus, especially toward the end of the year. If you award bonuses, there are several overtime and tax rules to consider. Here’s an overview of some of these rules to help you as you close out the business year in 2023.
On Wednesday, Oct. 25, 2023, you may have received an email inaccurately stating that most banks are closed on Friday, Nov. 10, 2023, in observance of Veterans Day and that your pay date of Friday, Nov. 10, 2023, would be moved to Thursday, Nov. 9, 2023.
ADP TotalSource®, the Federal Reserve and most banks will be open on Friday, Nov. 10, 2023, and closed on Saturday, Nov. 11, 2023.
It is almost time for the Massachusetts HIRD filing. Massachusetts law requires employers to file a HIRD form on an annual basis containing information about employer sponsored insurance. HIRD filing requirements apply to all employers with 6 or more Massachusetts employees in any month during the past 12 months.
For detailed information about these year-end tasks, visit and bookmark the ADP TotalSource Year-End & Quarter Close Guide. New this year: ADP TotalSource is hosting Year End Webinars to help you prepare for Year End!
At ADP® we are always trying to elevate the way we work for you; this is why we are excited to unveil and provide you with an enhanced design to your benefits and payroll invoices in ADP TotalSource®.
The following states or localities have announced new minimum wage increases.
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