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2008 Form W-2 Tips, Part 4, Box 3 Social Security Wages
This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are...
Birthday of Martin Luther King, Jr. Holiday May Require Change in Processing Schedule
Monday, January 19, 2009 will be the Birthday of Martin Luther King, Jr., a federal holiday. Although the offices of Vision Payroll will be open and payrolls will be processed, most banks will be...
Illinois Unemployment Wage Base to Increase to $12,300
Maureen T. O’Donnell, Director of the State of Illinois Department of Employment Security announced recently that the 2009 unemployment wage base has increased from $12,000 to $12,300. O’Donnell,...
IRS Releases 2009 Form W-5
The Internal Revenue Service (IRS) recently released 2009 Form W-5, Earned Income Credit Advance Payment Certificate. There are four criteria for claiming advance earned income credit (EIC)...
Question of the Week: Should I File Form 944 Instead of Form 941?
This week’s question comes from Scott, a small business owner. I have received notification from the Internal Revenue Service (IRS) that I should file Form 944. Should I file Form 944 instead of...
Unemployment Insurance Weekly Claims Report Update for December 27, 2008
According to the US Department of Labor, in the week ended December 27, the advance figure for seasonally adjusted initial claims was 492,000, a decrease of 94,000 from the previous week’s unrevised...
Tip of the Week: Start Now to Collect 2009 Forms W-4
Employees who have provided a Form W-4, Employee’s Withholding Allowance Certificate claiming exemption from federal income tax withholding must file a new 2009 Form W-4 by February 16, 2009 in...
IRS Updates Levy Amounts for 2009
The Internal Revenue Service has released an updated version of Publication 1494, Tables for Figuring Amount Exempt from Levy on Wages, Salary, and Other Income (Forms 668-W(C), 668-W(c)(DO) and...
IRS Releases Publication 15-B for 2009
The Internal Revenue Service recently released an updated version of Publication 15-B, Employer’s Tax Guide to Fringe Benefits. Publication 15-B provides an overview of fringe benefits as well as...
Wolfgang Puck Resolves to Eliminate Minimum Wage for Waiters
According to a recent article in the Wall Street Journal, celebrity chef Wolfgang Puck would like to eliminate the minimum wage for waiters. In a story on resolutions for 2009, Puck was asked, “What...
