Year End


My HR Pros is keeping our clients up-to-date with all things concerning year-end regulations and documents.  We will continue to maintain up-to-date information on this page.

Updated: November 8, 2023

The New Year begins:


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2024 Minimum Wage Chart

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Bonus Payroll Processing

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Employment Poster Request Form

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2023 Year-End W-2 Reminders

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Tax Exempt Letters: Employees who requested ‘Exempt’ status for tax purposes on their 2023 Form W-4 will be receiving a notification from My HR Professionals in January 2024, to resubmit the 2024 Form W-4. An exemption is only good for 1 year. Employees must give their employer a new Form W-4 by February 15th each year to continue their exemption. After February 15th if a new form is not received, My HR Professionals will update their tax settings to the Federal default standard of: ‘Single or Married filing separately’, ‘multiple jobs’ section will be left unchecked and ‘claim dependent amount’ will be set to zero amount. In conclusion, if impacted employees would like to reclaim ‘Exempt’ they need to complete the 2023 Form W-4.
W-2 Distribution:  W-2 forms will be mailed out and made available in the employee portal, by January 31, 2024.
Address Updates: For a new or updated address to reflect on your W2, changes must be completed no later than 12/31.

Year End Adjustments: All employer-paid insurance adjustments for specific individuals within your organization will need to be finalized for W-2's files to be processed no later than December 28th. Changes received after December 30th will be charged a $50 fee due to additional work required to amend W-2.

Employer Unemployment Rates:  Employers in Arkansas will remain at a wage basis of $10,000 for contributions during the 2023 year for state unemployment tax. Oklahoma based companies will see a slight increase from $24,000 to $24,800 for the 2022 year.

Please notify My HR Professionals of any state unemployment tax act (SUTA) rate change notification you receive. Unemployment tax rates for experienced employers typically range from 0.2% to 7.2%. Changes not forwarded will impact the accuracy our reporting.

Update Your Address

Please update your address online by logging into the My HR Dashboard ESS Portal.

Get your Electronic W-2

Log in to the My HR Dashboard Employee Self Service (ESS) Portal to access your W-2.

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