As we enter the year 2023, it's important for employers and employees in the state of California to start preparing for the upcoming 2024 payroll calendar. The state of California has specific laws and regulations surrounding payroll, and it's crucial to stay up-to-date with any changes or updates.
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Table of Contents
Introduction
As we enter the year 2023, it's important for employers and employees in the state of California to start preparing for the upcoming 2024 payroll calendar. The state of California has specific laws and regulations surrounding payroll, and it's crucial to stay up-to-date with any changes or updates.
What is the California Payroll Calendar?
The California Payroll Calendar outlines the pay periods and paydays for employees in the state of California. It's important for employers to adhere to this calendar to ensure compliance with state laws and regulations.
Question: When is the first pay period of 2024?
Answer: The first pay period of 2024 will begin on January 1, 2024.
Changes to the 2024 Payroll Calendar
It's important to note that there have been some changes to the 2024 Payroll Calendar in the state of California. One major change is the increase in minimum wage. As of January 1, 2024, the minimum wage in California will be $17.00 per hour for employers with 26 or more employees, and $16.00 per hour for employers with 25 or fewer employees.
Question: How will the increase in minimum wage affect payroll?
Answer: Employers will need to adjust their payroll to reflect the increase in minimum wage for their employees. It's important to make these adjustments as soon as possible to ensure compliance with state laws.
Preparing for the 2024 Payroll Calendar
To prepare for the 2024 Payroll Calendar in the state of California, employers should review their current payroll processes and make any necessary adjustments. This may include updating employee records, adjusting payroll software, and ensuring compliance with state laws and regulations.
Question: What are some common mistakes employers make when preparing for the payroll calendar?
Answer: Common mistakes include failing to properly classify employees, miscalculating overtime pay, and failing to keep accurate records. It's important to work with a payroll specialist or consult with the California Labor Commissioner to avoid these mistakes.
Conclusion
As we approach the 2024 Payroll Calendar in the state of California, it's important for employers and employees to stay informed and prepared. By adhering to state laws and regulations, reviewing payroll processes, and making any necessary adjustments, employers can ensure a smooth and compliant payroll process.
