As year-end closes in and you prepare for 2024, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2024 Payroll Planning Brief includes several payroll changes that take effect on January 1, 2024, and items to consider before year-end.
Some of the changes to prepare for include:
- Michigan minimum wage will increase to $10.33 per hour.
- Beginning next year, W-2 forms must be submitted electronically if your company has more than 10 W-2s and 1099s combined.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2023, preparing for 2024 payroll, or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.