As year end closes in and you prepare for 2025, Yeo & Yeo’s Payroll Solutions Group would like to inform you of important payroll updates that will affect you and your employees next year.
Our 2025 Payroll Planning Brief includes several payroll changes that take effect in the coming year and items to consider before year end. Most notably, beginning February 21, 2025, almost all businesses and organizations operating in Michigan will be subject to new minimum wage and paid sick time requirements. Learn more about the Improved Workforce Opportunity Wage Act (IWOWA) and Earned Sick Time Act (ESTA) changes on Yeo & Yeo’s resource page.
Note: On November 7, two bills were introduced in the Michigan House to amend both IWOWA and ESTA. With the legislative session ending on December 16, swift action on these bills is expected, which would revamp what is currently in place.
Watch Yeo & Yeo’s website and future eAlerts for new developments.
Need guidance on closing 2024, preparing for 2025 payroll, or meeting payroll deadlines? Contact the payroll professionals at Yeo & Yeo.