Payroll News
Added on May 22, 2013
Because of budget constraints related to sequestration, all IRS offices will be closed Friday, May 24, 2013. All IRS operations, including taxpayer assistance centers, the Taxpayer Advocate Service, IRS offices and IRS hotlines will be closed that day. In addition to the May 24 closures, all IRS operations will be …
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Added on May 07, 2013
The May issue of
Insights & Innovations, CompuPay’s white paper series for the business community, provides an overview of what employers need to know when hiring summer, seasonal or teen employees. Topics covered in the issue include: Minimum wage Child labor requirements Exceptions to the minimum …
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Added on Apr 02, 2013
The April issue of
Insights & Innovations, CompuPay’s white paper series for the business community, provides an overview of the ins-and-outs of Form I-9. The April edition outlines the primary changes in the newly revised Form I-9 release by the U.S. Citizenship and Immigration Service (USCIS) …
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Added on Mar 28, 2013
A recent survey conducted by HealthPockets, Inc. found that fewer than 2% of health insurance plans provide all the essential health benefits (EHB) required by the Patient Protection and Affordable Care Act (PPACA). Based on insurance records from 11,100 health insurance plans obtained from public records made available by the …
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Added on Mar 12, 2013
On March 8, 2013, the Internal Revenue Service (IRS) issued
Notice 2013-14 announcing that it will extend the amount of time allowed for claiming the Work Opportunity Tax Credit (WOTC).
Form 8850 is normally due within 28 days of hiring a member …
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Added on Mar 08, 2013
How does the American Taxpayer Relief Act (ATRA) affect your business? Did Federal Unemployment Tax Act (FUTA) credit reductions become an issue in your state? Can you take advantage of the Small Business Health Care Tax Credit? The March 2013 issue of
Insights & Innovations, CompuPay’s …
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Added on Jan 07, 2013
The “payroll tax holiday” expired on December 31, 2012, resulting in an increase in the employee portion of Social Security taxes from 4.2% to 6.2% as of January 1, 2013. Originally, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 reduced the employee portion of the Social …
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Added on Dec 21, 2012
Ten states will increase their state minimum wage for 2013. Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Rhode Island, Vermont and Washington state have increases effective January 1, 2013. Arizona is increasing from $7.65 to $7.80 Colorado is increasing from $7.64 to $7.78. Florida is increasing from $7.67 to $7.79. …
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Added on Dec 07, 2012
Is your business in a FUTA credit reduction state? Do you owe additional FUTA taxes for 2012? The December 2012 issue of
Insights & Innovations, CompuPay’s monthly publication highlighting topics that impact the business community, explains federal unemployment taxes (FUTA), the current situation with FUTA credit …
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Added on Nov 21, 2012
Effective January 1, 2013, the IRS has increased the standard business mileage rate from 55.5 cents per mile to 56.5 cents per mile. In addition to the standard business mileage rate, the IRS also increased the deductible medical and moving expenses mileage rate to 24 cents per mile. The rate …
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