Under the terms negotiated by Congress, the law also includes a new “recapture” provision, which applies only to those employees who receive more than $18,350 in wages during the two-month perio [...]
Read moreAs of today 12/23/11, the payroll tax holiday was extended for two months. The Fica rate will be 4.2% for January and February 2012 and then increase to 6.2% in March. [...]
Read moreThe maximum contribution employees can make under a traditional, safe harbor or automatic enrollment 401(k) plan has increased from $16,500 to $17,000 for 2012. Traditional, safe harbor and automa [...]
Read moreThe mileage rate for 2012 is 55.5 cents per mile. IRS Link [...]
Read moreAttached is a payroll year end checklist to ensure you are ready for 2012. This also includes procedures for those customers using Timeclock and ACTFast systems. Read more
Happy Holidays! [...]
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