Reporting

Payroll

Examples of Payroll

Gross payroll for all employees, which is the total wages paid before any deductions are taken and includes the items listed below:

Pay for holidays, vacations, or illness

Pay for idle time

Commission payments

Salary deductions due to employee paid retirement or cafeteria plans

Bonus payments

Corporate officer wages (subject to state minimum /maximum limits), refer to the table below maximum limits), refer to the table below

Fair market value of house

Non-business expense reimbursements

Uninsured subcontract or contract labor used for your business operations

Sole proprietor/partner draws and/or wages paid (If elected to be included in coverage) (subject to state limits), refer to the table below

Payroll
Exclusions

Tips received by employees as reported on the federal form 941 quarterly filings

Premium overtime wages (i.e. an employee is paid $10/hour regular time and $15/hour for overtime. The extra $5/hour can be excluded and only the $10/hour paid included)

Payments by an employer to a group insurance or group pension plan for employees

Dismissal or severance payments except for time worked or vacation accrued

Verifiable expense reimbursements incurred as a valid business expense

Work uniform allowance

Sick pay or disability pay paid to an employee by a third party such as an employer’s group insurance carrier

Employer contributions to employee benefit plans

Employee saving plans

Retirement plans

Cafeteria plans

Health savings and flexible spending accounts


NOTE: Officer / Owner exclusions can vary from state to state. Please review with your agent.

ALABAMA (eff. 3/1/24)

Sole Proprietor & Partners

Corporations & LLC

Minimum Annual Payroll

$56,400

$57,200

Maximum Annual Payroll

$56,400

$223,600

ARKANSAS (eff. 7/1/23)

Sole Proprietor, Partners & LLC

Corporations

Minimum Annual Payroll

$51,000

$52,000

Maximum Annual Payroll

$51,000

$202,800

GEORGIA (eff. 3/1/24)

Sole Proprietor & Partners

Corporations & LLC

Minimum Annual Payroll

$66,800

$67,600

Maximum Annual Payroll

$66,800

$265,200

IOWA (eff. 1/1/24)

Sole Proprietor, Partners, LLC & Corporations

Minimum Annual Payroll

$28,600

Maximum Annual Payroll

$228,800

KANSAS (eff. 1/1/24)

Sole Proprietor, Partners & LLC

Corporations

Minimum Annual Payroll

$55,800

$54,600

Maximum Annual Payroll

$55,800

$223,600

LOUISIANA (eff. 6/1/23)

Sole Proprietor & Partner

Corporations & LLC

Minimum Annual Payroll

$53,400

$54,600

Maximum Annual Payroll

$53,400

$161,200

MISSISSIPPI (eff. 6/1/23)

Sole Proprietor, Partners & LLC

Corporations

Minimum Annual Payroll

$43,000

$44,200

Maximum Annual Payroll

$43,000

$145,600

MISSOURI (eff. 1/1/24)

Sole Proprietor, Partners, LLC & Corporations

Minimum Annual Payroll

$52,900

Maximum Annual Payroll

$52,900

NEBRASKA (eff. 2/1/24)

Sole Proprietor, Partners & LLC

Corporations

Minimum Annual Payroll

$53,500

$54,600

Maximum Annual Payroll

$53,500

$213,200

OKLAHOMA (eff. 1/1/23)

Sole Proprietor, Partners & LLC

Corporations

Minimum Annual Payroll

$49,600

$49,400

Maximum Annual Payroll

$49,600

$197,600

TENNESSEE (eff. 3/1/24)

Sole Proprietor, Partners & LLC

Construction Industry

All Other

Corporations

Construction Industry

All Other

Minimum Annual Payroll

.

$31,200

$62,100

.

$31,200

$62,100

Maximum Annual Payroll

.

$91,300

$62,100

.

$91,520

$249,600

TEXAS (eff. 7/1/23)

Sole Proprietor & Partners

Corporations & LLC

Minimum Annual Payroll

$72,300

$7,800

Maximum Annual Payroll

$62,100

$62,400

ALABAMA (eff. 3/1/22)

Sole Proprietor & Partners

Minimum Annual Payroll: $51,100

Maximum Annual Payroll: $51,100

Corporations & LLC

Minimum Annual Payroll: $52,000

Maximum Annual Payroll: $202,800

ARKANSAS (eff. 7/1/22)

Sole Proprietor, Partners & LLC

Minimum Annual Payroll: $48,400

Maximum Annual Payroll: $48,400

Corporations

Minimum Annual Payroll: $49,400

Maximum Annual Payroll: $192,400

GEORGIA (eff. 10/1/22)

Sole Proprietor & Partners

Minimum Annual Payroll: $59,700

Maximum Annual Payroll: $59,700

Corporations & LLC

Minimum Annual Payroll: $59,800

Maximum Annual Payroll: $239,200

IOWA (eff. 1/1/23)

Sole Proprietor, Partners, LLC & Corporations

Minimum Annual Payroll: $26,000

Maximum Annual Payroll: $218,400

KANSAS (eff. 1/1/23)

Sole Proprietor, Partners & LLC

Minimum Annual Payroll: $53,000

Maximum Annual Payroll: $53,000

Corporations

Minimum Annual Payroll: $52,000

Maximum Annual Payroll: $213,200

LOUISIANA (eff. 6/1/22)

Sole Proprietor & Partner

Minimum Annual Payroll: $51,500

Maximum Annual Payroll: $51,500

Corporations & LLC

Minimum Annual Payroll: $52,000

Maximum Annual Payroll: $156,000

MISSISSIPPI (eff. 6/1/22)

Sole Proprietor, Partners & LLC

Minimum Annual Payroll: $40,800

Maximum Annual Payroll: $40,800

Corporations

Minimum Annual Payroll: $41,600

Maximum Annual Payroll: $135,200

MISSOURI (eff. 1/1/23)

Sole Proprietor, Partners, LLC & Corporations

Minimum Annual Payroll: $51,700

Maximum Annual Payroll: $51,700

NEBRASKA (eff. 2/1/22)

Sole Proprietor, Partners & LLC

Minimum Annual Payroll: $47,500

Maximum Annual Payroll: $47,500

Corporations

Minimum Annual Payroll: $46,800

Maximum Annual Payroll: $192,400

OKLAHOMA (eff. 1/1/23)

Sole Proprietor, Partners & LLC

Minimum Annual Payroll: $49,600

Maximum Annual Payroll: $49,600

Corporations

Minimum Annual Payroll: $49,400

Maximum Annual Payroll: $197,600

TENNESSEE (eff. 3/1/22)

Sole Proprietor, Partners & LLC

Construction Industry

Minimum Annual Payroll: $28,600

Maximum Annual Payroll: $81,120

All Other

Minimum Annual Payroll: $55,100

Maximum Annual Payroll: $55,100

Corporations

Construction Industry

Minimum Annual Payroll: $28,600

Maximum Annual Payroll: $81,120

All Other

Minimum Annual Payroll: $54,600

Maximum Annual Payroll: $218,400

TEXAS (eff. 7/1/22)

Sole Proprietor & Partners

Minimum Annual Payroll: $68,800

Maximum Annual Payroll: $68,800

Corporations & LLC

Minimum Annual Payroll: $7,800

Maximum Annual Payroll: $62,400