Michaela Porterfield
California Pay Data Reporting is now required under Senate Bill 1162. This bill requires that certain employers report pay data information regarding their employees the California Civil Rights Department (CRD). It’s important to ensure that you thoroughly review your data prior to submitting it. We’ve compiled a list of some of the most common mistakes … Read more
The IRS Form W-3, Transmittal of Wage and Tax Statements, is summary form (or cover sheet) for the Forms W-2 that are filed with it. Box b – Kind of Payer gives the IRS more information regarding the employer to the IRS. What is Form W-3? It’s used by the Internal Revenue Service (IRS) and … Read more
There are many terms that employers may be unfamiliar with when beginning their CA Pay Data Reports. Here are some important terms to know:
In recent years, California has enacted legislature in order to address pay discrimination and promote fair compensation practices among employers. Among this legislation is Senate Bill 1162 which requires CA Pay Data Reporting information to be submitted to the California Civil Rights Department (CRD) Terminology to Know Be sure to brush up on the California … Read more
California Pay Data Reporting is a fairly new requirement with the first annual report due in May 2023. Certain employers are required to report a variety of workforce data to the Civil Rights Department (CRD) annually as specified via California Senate Bill 1162. Senate Bill 1162 stipulates that employers must annually submit pay and demographic … Read more
The California Civil Rights Department (CRD) requires that certain employers report pay and hours-worked data by establishment, job category, gender, race, and ethnicity to the CRD annually. The Pay Data Reporting is required under CA Government Code section 12999, amended by Senate Bill 1162. Due to the nature of this reporting, we’ve compiled a comprehensive … Read more
Accurately tracking time is essential to ensuring employees are paid fairly and that labor costs are justified. It’s also crucial for maintaining regulatory compliance and understanding how your business allocates time and resources. On the flip side, inaccurate and inconsistent time tracking can lead to errors in billing and invoicing, make it difficult to accurately … Read more
The recent updates to California Pay Data Reporting begs the question: What is a Snapshot Period? Snapshot Period Defined The Snapshot Period is a single pay period between October 1st and December 31st of the reporting year. Employers may choose any pay period between these dates. Choosing this fixed period is important, because it is … Read more
Many institutions submit paper forms to the IRS for their year end filings, but these institutions may need to switch to electronic filing starting in 2024. The IRS recently published final regulations amending the rules for filing electronically which drastically reduced the paper filing threshold amount. Final Regulations On February 23, 2023, the Internal Revenue … Read more
There are many common mistakes that filers make when completing Forms 1095-C. We’ve compiled a list of the most common mistakes and how to fix them. Common Mistakes Only creating and sending forms to individuals that enrolled in coverage Common Mistake: Many filers assume that a Form 1095-C should only be completed for individuals that … Read more