Paid Family Leave
In 2020, the contribution will be 0.270% of an employee’s gross wages each pay period. The maximum annual contribution will be $196.72.
Employees taking Paid Family Leave will receive 60% of their average weekly wage, up to a cap of 60% of the current Statewide Average Weekly Wage of $1,401.17. The maximum weekly benefit for 2020 will be $840.70.
to visit the New York State Paid Family Leave website for more details.
IRS Notice CP136
You should be receiving IRS Notice CP136 which states your
deposit requirements for form 941. Please forward this notice to your payroll specialist so that we know what schedule your federal payroll taxes need to be deposited on.
Year End Prep
In preparation for the upcoming 4th quarter and W-2 deadlines, please be sure to send in any year-end pay items to your Payroll Specialist. Items such as:
· Third Party Sick Pay
· Personal Use of Company Car
· S-Corp Health
· Group Term Life in excess of $50,000
· Any missing social security numbers or contact information for your employees
*this is a W2 requirement
Each of these items will need to be reflected on your year-end returns and W-2s. If you have any questions, please reach out to your Payroll Specialist.