This week’s question comes from Sean, a company president. Connecticut has passed an income tax increase retroactive to January 1, 2011. How does the Connecticut tax law change affect my withholding? Answer: The Connecticut Department of Revenue Services has issued...
Unemployment Rate Fell to 9.1 Percent in July
Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little changed at 9.1%, the US Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, manufacturing, and mining. Government employment...
Unemployment Insurance Weekly Claims Report Update for July 30, 2011
According to the US Department of Labor, in the week ending July 30, the advance figure for seasonally adjusted initial claims was 400,000, a decrease of 1,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 407,750, a decrease of...
Tip of the Week: The US Department of Labor’s Free Smartphone App for Your Employees
On May 9, 2011, the US Department of Labor (DOL) announced the launch of its first smartphone application, the “DOL-Timesheet” designed specifically for employees. In a DOL news release that same day, Secretary of Labor Hilda Solis stated that by leveraging...
New York Issues Guidance on Withholding from Same-Sex Married Employees
Due to the recent enactment in New York of the Marriage Equality Act, The New York State Department of Taxation and Finance has updated information for same-sex married employees and their employers. Employers Should Not Withhold on Certain Benefits New York employers...
Vermont Wage Base to Increase for 2012
Pursuant to legislation passed in 2010, the taxable wage base in Vermont will increase for 2012. The wage base will increase from $13,000 for 2011 to $16,000 for 2012. Third Consecutive Annual Increase This is the third consecutive year that the wage base will...
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