🚀 What's New
Release Date: 11/08/2024
1. Classic | Payroll | 401K Limits for 2025
Improvement: 401K system limit updates for 2025
How does this impact you?
- 401K - $23,500 new limit - Avionte Code 401K Deferral Reg
- 403b - $23,500 new limit - Avionte Code 403B Deferral Reg
KB Article - 401K Catch Up
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2. COMPLIANCE | Geocodes | Vertex decommissioned Geocodes
Improvement: AvionteClassic has been improved to remove decommissioned Geocodes for AL, MS, MO, and CO.
How does this impact you?
Once the decommissioned geocodes have been cleared out, if an employee or customer address was utilizing one of these decommissioned geocodes, the Payroll Admin will be notified via a data requirement message [DRM] of a missing geocode when closing the Time Entry Batch.Â
This gives the user the opportunity to enter the valid geocode for the particular address.Â
KB Article - DRM Data Requirement Messages
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3. YEAR-END 2024 [ACA] Update Schema for 2024
Improvement: AvionteClassic has updated ACA Companion logic to allow for 2024 1095-C and 1094-C generation.
How does this impact you?
Prior to this improvement, the user could not generate 2024 1095-C and 1094-C forms.
KB Article - ACA Companion - Report Preparation Tab
4. Payroll | Alabama Overtime Exemption for Overtime Reporting to W2 Box 14
Improvement: AvionteClassic has been improved to update end-of-year reporting logic for AL Exempt overtime wages to be mapped/reported in Box 14 [item pay for AL standard OT/DT] end-of-year reporting logic using the label of "EX OT WAGES"
How does this impact you?
Updated compliance items for accurate AL Exempt OT Wage reporting
Reporting Guidance and FAQs
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