As we approach the end of 2023, it's important for employers and employees in Ohio to start preparing for the upcoming payroll year. The State of Ohio Payroll Calendar for 2024 has been released, and there are a few key dates and changes to keep in mind. In this article, we'll go over everything you need to know about the 2024 State of Ohio Payroll Calendar.
Table of Contents
Table of Contents
As we approach the end of 2023, it's important for employers and employees in Ohio to start preparing for the upcoming payroll year. The State of Ohio Payroll Calendar for 2024 has been released, and there are a few key dates and changes to keep in mind. In this article, we'll go over everything you need to know about the 2024 State of Ohio Payroll Calendar.
What is the State of Ohio Payroll Calendar?
The State of Ohio Payroll Calendar is a schedule of important payroll dates for state employees and employers. It includes deadlines for submitting payroll information, issuing paychecks, and making tax payments. The calendar is released annually and is updated as needed throughout the year.
When does the 2024 payroll year start?
The 2024 payroll year for the State of Ohio begins on January 1, 2024.
What are the important dates to know for the 2024 payroll year?
Here are some of the most important dates to keep in mind:
- January 1, 2024: Start of the payroll year
- January 3, 2024: Deadline for submitting payroll information for the first pay period of the year
- January 10, 2024: Payday for the first pay period of the year
- April 15, 2024: Deadline for filing and paying first quarter taxes
- July 15, 2024: Deadline for filing and paying second quarter taxes
- October 15, 2024: Deadline for filing and paying third quarter taxes
- January 15, 2025: Deadline for filing and paying fourth quarter taxes
What are the changes for the 2024 payroll year?
There are a few changes to be aware of for the 2024 payroll year:
- The minimum wage in Ohio will increase to $10.10 per hour
- The Social Security wage base will increase to $147,000
- The maximum taxable earnings for Ohio unemployment tax will increase to $12,000
What do employers need to do to prepare for the 2024 payroll year?
Employers should make sure they have the updated State of Ohio Payroll Calendar and are aware of the important deadlines. They should also review their payroll systems and make any necessary updates to ensure compliance with the new changes. Additionally, employers should communicate any changes to their employees and provide training as needed.
What do employees need to know about the 2024 payroll year?
Employees should be aware of the new minimum wage and any changes to their tax withholdings. They should also review their pay stubs regularly to ensure accuracy and report any discrepancies to their employer. If employees have any questions about their payroll, they should contact their HR or payroll department.
Conclusion
The 2024 State of Ohio Payroll Calendar is an important tool for both employers and employees to ensure compliance and avoid penalties. By staying informed about the important dates and changes, you can help ensure a smooth and successful payroll year.
Question and Answer
Q: What is the State of Ohio Payroll Calendar?
A: The State of Ohio Payroll Calendar is a schedule of important payroll dates for state employees and employers. It includes deadlines for submitting payroll information, issuing paychecks, and making tax payments.
Q: What are the important dates to know for the 2024 payroll year?
A: Some of the most important dates to know for the 2024 payroll year include January 1, 2024 (start of the payroll year), January 3, 2024 (deadline for submitting payroll information for the first pay period of the year), and January 10, 2024 (payday for the first pay period of the year).
Q: What do employers need to do to prepare for the 2024 payroll year?
A: Employers should make sure they have the updated State of Ohio Payroll Calendar, review their payroll systems for compliance with new changes, and communicate any changes to their employees.
