Blog
FedEx Ground Ordered to Deliver $14.4 Million in Employee Dispute
A court-appointed referee, retired California Superior Court Judge William J. Cahill, has awarded current and former drivers for FedEx Ground Package Systems, Inc. (FedEx) $14.4 million in expenses...
Veterans Day Holiday May Require Change in Processing Schedule
Tuesday, November 11, 2008 will be Veterans Day, a federal holiday. Although the offices of Vision Payroll will be open and payrolls will be processed, most banks will be closed in observance of the...
IRS Announces Increase in 2009 SEP Compensation Limitation
In IR-2008-118, the Internal Revenue Service (IRS) announced an increase for 2009 to the compensation limitation for Simplified Employee Pension (SEP) plans. Under §408(k)(2) of the Internal Revenue...
IRS Announces Increase in 2009 Highly Compensated Employee Limitation
In IR-2008-118, the Internal Revenue Service (IRS) announced an increase for 2009 to the Highly Compensated Employee Limitation under §414(q)(1)(B) of the Internal Revenue Code of 1986....
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...
