Blog
Question of the Week: Do I Need to Withhold Federal Income Tax from All Employees?
This week’s question comes from Jennifer, an office manager: A new employee gave me a Form W-4 claiming exemption from federal income tax withholding. Can I give him a paycheck without withholding...
Unemployment Insurance Weekly Claims Report Update for October 18, 2008
According to the US Department of Labor, in the week ending October 18, the advance figure for seasonally adjusted initial claims was 478,000, an increase of 15,000 from the previous week’s revised...
Tip of the Week: Payroll Tax Change Deadline Looms for Certain LLCs and Qualified Subchapter S Subsidiaries
In TD 9356, the Internal Revenue Service made final the regulations on disregarded entities effective August 16, 2007. In order to allow taxpayers sufficient time to make the changes required by the...
IRS Announces Increase in 2009 Retirement Plan Contribution and Compensation Limitations
In IR-2008-118, the Internal Revenue Service (IRS) announced an increase for 2009 in the compensation limitation from $230,000 to $245,000 under §401(a)(17), §404(l), §408(k)(3)(C), and...
IRS Announces Increases to 401(k), 403(b), and 457(e)(15) Deferral Limits for 2009
In IR-2008-118, the Internal Revenue Service (IRS) announced increases to the limits on deferral contributions for 2009 under §401(k), §403(b), and §457(e)(15). These limitations are codified in...
IRS Announces Increases to SIMPLE Plan Limits for 2009
In IR-2008-118, the Internal Revenue Service (IRS) announced increases to the limits on SIMPLE plan contributions for 2009. The limitation for SIMPLE plans is codified in §408(p)(2)(E) of the...
Los Angeles, Ventura, and San Bernardino County Employers May Request 60-Day Extension
According to the California Employment Development Department (EDD), employers in the counties of Los Angeles, Ventura, and San Bernardino directly affected by the damage resulting from the fire may...
Question of the Week: When Will the 2009 Social Security Wage Base Be Announced?
This week’s question comes from Roseanne, a payroll manager. When will the 2009 Social Security wage base be announced? Answer: The US Department of Labor has just announced that the 2009 Social...
Unemployment Insurance Weekly Claims Report Update for October 11, 2008
According to the US Department of Labor, in the week ending October 11, the advance figure for seasonally adjusted initial claims was 461,000, a decrease of 16,000 from the previous week's revised...
Tip of the Week: Listen to Our HRCasts for the Latest HR Tips, Information, and Best Practices
Today and on the fifteenth of every month, Vision Payroll posts a new HRCast, a recording provided by our team of HR Pros. These recordings help you better manage your business and your most...
