SMART HR News You Can Use

Be sure to upload your July 2022 and August 2022 payoff payroll files by July 15, 2022.   You are not required to make payment until the normal due date. This allows TRA to post the July and August payoff payroll information to the 2022 fiscal year in a timely manner. Submit your “true” July and August payroll files as you normally would.

TRA rate change is effective 7/1/2022 for the employer share. CHECK DATE determines which TRA rate to use:For the employer share Fiscal Year 2023-7/1/2022-6/30/2023 – 8.55%For the employee share Fiscal Year 2023-7/1/2022-6/30/2023 – 7.50%

Is there clean-up that you can do in your database?  For example, terminate employees that haven’t been paid in the last 18 months. This will help keep your database up to date!

MN Department of Labor and Industry is a great resource! Check out their website for the Wage and Hour Bulletin for topics like Minnesota’s payment of wage laws, how often an employer should pay employees, and other paycheck laws. Questions? Labor Standards serves the people of Minnesota by providinginformation about the state's wage, hour and employment laws.Phone:  651-284-5075 or 800-342-5354Email: dli.laborstandards@state.mn.usWebsite: www.dli.mn.gov/laborlaw

*File Submission- All 1095 files have either been accepted or accepted with errors. If you have errors be sure to email Mara with your correction information. *New January Rows- Have you built your 2022 ACA information rows yet?  If your health plan has a July renewal, then your administrative period is May and June. You need to be reviewing your ACA information to determine if you need to be offering insurance to employees that worked on average >130 hours/month during yo...

Is it Budget Time? Let SmartHR's Budget Module Help You OutAre you thinking about working on next year’s budget?  SmartHR’s Budget Module can help project next year’s payroll budget complete with employee step, salary and benefit increases.  This module also creates a file that can be imported into SMART Finance.  All of the appropriate finance account codes for salary and benefits will be used based on the employee’s current setup in payroll....