Blog
Unemployment Insurance Weekly Claims Report Update for March 28, 2009
According to the US Department of Labor, in the week ending March 28, the advance figure for seasonally adjusted initial claims was 669,000, an increase of 12,000 from the previous week’s revised...
Tip of the Week: Use New Worksheet to Help Calculate Correct Withholding
The Internal Revenue Service (IRS) has released a revised version of Publication 919, How Do I Adjust My Tax Withholding?, to reflect changes from the Making Work Pay credit implemented as part of...
IRS Releases Notice on Premium Assistance for COBRA Benefits
The Internal Revenue Service recently released an advance copy of Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA,...
Unemployment Benefits Not Fully Taxable in 2009
Under the American Recovery and Reinvestment Act of 2009 (ARRA), the first $2,400 of unemployment benefits received by a taxpayer during 2009 are not subject to federal income tax. The Internal...
US Department of Labor Sues Former NFL Player Michael Vick
The US Department of Labor (DOL) announced recently that it has filed suit against former National Football League (NFL) player Michael Vick. Vick, who formerly played for the Atlanta Falcons, is...
Department of Labor Extends Effective Date of Rules on 401(k) and IRA Investment Advice
On January 21, 2009, the US Department of Labor (DOL) published at 74 FR 3822 “final rules under the Employee Retirement Income Security Act, and parallel provisions in the Internal Revenue Code of...
Question of the Week: What Information Do We Need to Keep to Document the COBRA Credit?
This week’s question comes from Sandy, an HR manager. We’ve just had our first employee sign up to receive the COBRA premium subsidy. What information do we need to keep to document the COBRA...
Unemployment Insurance Weekly Claims Report Update for March 21, 2009
According to the US Department of Labor, in the week ending March 21, the advance figure for seasonally adjusted initial claims was 652,000, an increase of 8,000 from the previous week’s revised...
Tip of the Week: Setup PayChoice Online Tax Codes for COBRA Changes
Do you have former employees eligible for the COBRA continuation coverage premium subsidy? Do you need to know how to enter the premiums paid so that you may claim the credit on your Form 941,...
Transit Pass and Van Pooling Exclusion Increased by New Law
The American Recovery and Reinvestment Act of 2009, also known as ARRA, increased the monthly exclusion for transit passes and commuter highway vehicles under §132 of the Internal Revenue Code of...
