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
Are you utilizing all the services you need?
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.