April 2024

 

News

IRS Releases 2022 Version of Publication 502

The Internal Revenue Service (IRS) has released the latest version of Publication 502, which describes what medical expenses are deductible by taxpayers on their 2022 federal income tax returns. This publication provides guidance on what qualifies as a medical expense under Code § 213(d) and helps identify the expenses that may be reimbursed or paid by health flexible spending accounts (health FSAs), health savings accounts (HSAs), or health reimbursement arrangements (HRAs), or covered on a tax-favored basis under other group health plans (e.g., an employer-sponsored medical plan).  

Employee injured on the job? ADP TotalSource has got your back.

We hope you and your employees never experience a work-related injury or illness. However, if one does occur, we wanted to remind you of the resources available to help the injured employee to get well soon. ADP TotalSource has partnered with Helmsman Management Services (HMS), a third-party workers’ compensation claims administrator, to help provide a workers’ compensation experience focused on meeting the needs of both the injured employee and their worksite employer. 

Last steps for your 2022 ACA filing!

If you are an Applicable Large Employer and approved ACA reporting by Feb 21, 2023, transmission of your 2022 ACA filings is complete! After transmission to the IRS, it is possible for your filing to come back with a status of “Accepted with Errors”. In most cases, these can be resolved by transmitting a correction to the IRS.

Exempt Employee: Minimum Salary Requirements for 2023

The federal Fair Labor Standards Act (FLSA) requires that employers pay most employees at least the federal minimum wage for each hour worked as well as overtime pay for all hours worked in excess of 40 in a workweek. Here are some key things to know for both federal exemptions and state exemptions, along with some state-specific changes for 2023.

New feature launch: Marsh COI Portal enhancement ensures an efficient renewal term

This year, we’re excited to introduce an easier way to access, update and manage your Workers’ Compensation Certificates of Insurance. This useful new feature in the Marsh COI Portal lets you review data for the current policy period, make changes to certificates and download individual or multiple certificates at a time. Even better, this enhancement improves account visibility, so you can ensure COIs have the most accurate info for the upcoming March 1–17 review and renewal period.

OSHA compliance reminder: Certain employers must electronically submit their 2022 OSHA Form 300A (Summary of work-related injuries and illnesses) by March 2, 2023.

Last month we published an article reminding you to post your OSHA Form 300A in the workplace from February 1 through April 30, 2023. Some employers are also required to electronically submit the information from their 2022 OSHA Form 300A via the OSHA Injury Tracking Application (ITA). This year OSHA provided a new tool , the ITA Coverage Application to help employers determine if they are covered by the regulation. OSHA also updated the ITA for enhanced data security. Read the information from OSHA below for more details and please reach out to your ADP TotalSource Risk & Safety Consultant if you need additional assistance.

Minimum Wage Announcements

The following states or localities have announced new minimum wage increases.

February Year End activities

For detailed information about these year-end tasks, visit and bookmark the ADP TotalSource Year-End & Quarter Close Guide.

Be sure to access and review the Training Modules we’ve built to help you through Year End.  Access these quick training modules and Year End Job Aids by clicking on the myLearning@adp link in the Quick Links tile on the right side of your WFN homepage. Search for the Learning Path: 2022 Year End TotalSource Client Training to access these helpful materials.

Basic Employment Policies Document Updated

We have updated our Basic Employment Policies document and corresponding union employee version of the Basic Employment Policies (“Welcome Statement”).   The Basic Employment Policies document and Welcome Statement is designed to be used in all states.

Martin Luther King, Jr. Day holiday payroll schedule

ADP TotalSource® would like to remind you that most banks will be closed on Monday, January 16, 2023, inobservance of MLK Day.

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Regional Alerts

 

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