The YeoConsults Payroll Solutions Group would like to make you aware of important payroll updates that will affect you and your employees next year.
- Updated Form 1099-NEC
- Reporting of FFCRA wages in Box 14 on W-2
The State of Michigan has not issued any statements regarding an increase in the minimum wage; we anticipate it will remain at $9.65 per hour. Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2021, preparing for 2022 payroll or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.