Media Data Services, Inc.

265 Route 46
Suite 206
Totowa, NJ 07512

ph: 973-785-3100
fax: 973-785-2453
alt: 973-785-0375

account.rep@mediadataservices.com

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Media Payroll News

Most Recent News:

2022 Yer-End Information and 2023 Preview

Highlights of Recent Payroll News: 

  • FICA Social Security limit will rise to $160,200 in 2023.
  • NJ minimum wage will rise to $14.13 per hour for most employers on Jan 1, 2023 and will continue rising annually until it reaches $15.00 in 2024. Please see NJ Min Wage Poster on Payroll & Government Forms page. Employer NJ unemployment and disability wage limits increased to $41,100. The employee wages limt for disability and family leave increased to $156,800.
  • The NJ retirement savings plan law has been delayed as the state continues to get the plan up and running.  For private sector businesses with more than 25 employees that do not already offer a retirement savings plan, the law mandates the employer offer New Jersey Secure Choice Savings. 
  • CA, CT, IL, NY have not paid back the unemployment funds borrowed from the Federal government by November 10, 2022, so their will be a credit reduction of 0.3% for employers with employees in these states retroactive as of 1/1/22. NJ paid back their loan and therefore are not subject to a credit reduction. .  

 For more information on NJ minimum wage, NJ FLI or NJ PSL please visit https://www.nj.gov/labor/


Please note that Media does not provide accounting or legal advice.  

 

Links to Full Text of Media's Payroll News:

Archives:

2021 Yer-End Information and 2022 Preview

2020 Year-End Information and 2021 Tax Preview

2019 Year-End Information and 2020 Tax Preview

Media's March 2019 News

2018 Year-End Information and 2019 Tax Preview

New Jersey's Paid Sick Leave Law and Freuqently Asked Questions and Required Poster

2017 Year-End Information and 2018 Tax Preview 

New York PFL Update

2016 Year-End Information and 2017 Tax Preview  

2015 Year-End Information and 2016 Tax Preview

 

 

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265 Route 46
Suite 206
Totowa, NJ 07512

ph: 973-785-3100
fax: 973-785-2453
alt: 973-785-0375

account.rep@mediadataservices.com