Payroll-Year End

Tax Reform Act 2012

Written by: Tricia Fuller, Financial Software | 23rd February | 0 Comment(s)

Payroll Update The employee fica rate of 4.2% has been extended for the rest of the year. Since the rate was changed to 4.2% perman [...]

Payroll Tax Holiday Extended

Written by: Tricia Fuller, Financial Software | 17th February | 0 Comment(s)

The Congress and Senate have passed the payroll tax cut bill and it is headed for the President's signature. With this bill, the employee fica tax rate would remain at 4.2% until the end of the year. [...]

More Detail Regarding the Fica Payroll Tax Holiday

Written by: Tricia Fuller, Payroll-Year End | 24th December | 0 Comment(s)

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 [...]

Payroll Tax Holiday has been extended for two months.

Written by: Tricia Fuller, Payroll-Year End | 23rd December | 0 Comment(s)

As 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. [...]

401k Maximum Contribution for 2012

Written by: Tricia Fuller, Payroll-Year End | 19th December | 0 Comment(s)

The 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 [...]

2012 Mileage Rate

Written by: Tricia Fuller, Payroll-Year End | | 0 Comment(s)

The mileage rate for 2012 is 55.5 cents per mile. IRS Link [...]

2011 FUTA Tax Rate

Written by: Tricia Fuller, Financial Software | | 0 Comment(s)

Effective July 1, 2011 the FUTA tax rate was reduced from 0.8 percent to 0.6 percent for all employers who pay FUTA liabilities. Payrolls with check dates prior to July 1, 2011 will pay the 0.8 [...]
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Payroll Year End Checklist

Written by: Tricia Fuller, Payroll-Year End | | 0 Comment(s)

Attached 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

Effective July 1, 2011 the FUTA tax rate was reduced from 0.8 percent to 0.6 percent for all employers who pay FUTA liabilities. Payrolls with check dates prior to July 1, 2011 will pay the 0.8 [...] Read more

Effective July 1, 2011 the FUTA tax rate was reduced from 0.8 percent to 0.6 percent for all employers who pay FUTA liabilities. Payrolls with check dates prior to July 1, 2011 will pay the 0.8 [...]
Read more