Year End 2023
This web page provides the starting point for the 2023 HRMS year-end processes and activities. We will list and link all new postings and provide a schedule of year-end activities. We recommend that you review this page on a weekly basis to ensure you are aware of all new and updated information.
What's New
- Unemployment insurance taxable wage base $67,600 (1/10/2024)
- 2023 W-2 Notice to Employees (1/10/2024)
- 2023 1099R Information for Recipients (1/10/2024)
- Social Security Wage Base Increases to $168,600 in 2024 (11/3/2023)
- 2023 General Instructions for Forms W-2 and W-3 (12/30/2023)
Tips for a smooth Year End processing cycle
- Plan to attend the Personnel/Payroll Association meeting on November 30th via Zoom.
- Reconcile and correct data that may impact 2023 wage and tax reporting information as early as possible.
- Research and correct employees who were locked out from the previous payroll. This includes employees that are currently inactive.
- Prepare Master Data updates for the current period as early as possible. Master Data updates for the December 22nd pay date should be completed by close of business December 18, 2023 (Day 2).
- Execute payroll simulations for all master data updates and check for claims, redlines and funding issues.
- Reserve Day 3 for corrections, not for entering new data.
- Visit the 2023 Year End Schedule to help plan your agency processing strategy.