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2008 Form W-2 Tips, Part 3, Box 2 Federal Income Tax Withheld
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...
Penalties Proposed for Adults without Health Insurance
The Commonwealth of Massachusetts Department of Revenue has released a working draft of TIR 09-1, Individual Mandate Penalties for Tax Year 2009, which would provide the penalties in 2009 for adults...
2008 Form W-2 Tips, Part 2, Box 1 Wages, Tips, Other Compensation
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...
President-Elect Obama Nominates Solis to Cabinet Post
President-Elect Barack Obama recently nominated Rep. Hilda Solis (D-CA) to be the new Secretary of Labor. Solis, 51, has served four terms in the House of Representatives and recently won a fifth...
Question of the Week: Do I Need to Withhold Tax on Distributions to Partners and S Corporation Shareholders?
This week’s question comes from Nicole, an office manager. Our business is formed as two entities, an S corporation and a partnership. We’re located in Massachusetts. Do I now need to withhold...
Unemployment Insurance Weekly Claims Report Update for December 13, 2008
According to the US Department of Labor, in the week ended December 13, the advance figure for seasonally adjusted initial claims was 554,000, a decrease of 21,000 from the previous week’s revised...
Tip of the Week: Learn More About the Newly-Revised FMLA Regulations
As the January 16, 2009 deadline for implementing the new Family and Medical Leave Act (FMLA) regulations draws closer, it becomes increasingly important to ensure that your company policies are...
2008 Form W-2 Tips, Part 1, General Information
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...
New Year’s Day Holiday May Require Change in Processing Schedule
Thursday, January 1, 2009 will be New Year’s Day, a federal holiday. The offices of Vision Payroll will close New Year’s Eve, December 31 at 2 pm and re-open Friday January 2. Most banks will also...
US Department of Labor Issues Opinion Letter on Daycare Center Instructors
The US Department of Labor recently issued non-Administrator signed Opinion Letter FLSA2008-13NA. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each...
