Blog
IRS Says Teachers Should Not Be Covered by 409A
The IRS recently released Notice 2008-62 which states that teachers who receive pay over a 12-month period will generally not be subject to §409A. Technically, teachers who only work for 9 or 10...
Court Upholds Penalties on Joe Pesci’s Company for Timely Paid Payroll Taxes
The US District Court for the Southern District of New York has upheld payroll tax penalties on a company owned by actor Joe Pesci even though the taxes were timely paid. The IRS assessed the...
Massachusetts Disallows 401(k) Deductions for Some Taxpayers
The Massachusetts Department of Revenue (DOR) has clarified its position on the deductibility of 401(k) contributions. In Income Tax Directive 08-3, effective for 2008 and later years, the DOR...
IRS Increases Mileage Rate to 58.5 Cents per Mile
The standard mileage rates for the use of automobiles beginning July 1, 2008 will be 58.5 cents per mile for business miles driven and 27 cents per mile driven for medical or moving purposes, the...
State Agency Links
Links to State Unemployment Tax Agencies Alabama (334) 242-8830 www.dir.alabama.gov Alaska (888) 448-3527 www.labor.state.ak.us Arizona (602) 771-6601 www.azdes.gov/esa/uitax/uithome.asp Arkansas...
Federal Agency Links
Links to Federal Agencies IRS www.irs.gov
ViewChoice
You can download the ViewChoice application here: ViewChoice Software
SUTA
State unemployment tax. Sometimes known as SUI. This tax is usually paid exclusively by the employer. Most for profit companies are subject to this tax whose amounts vary greatly from state to state.
State withholding
Sometimes abbreviated SWT. The tax taken from the employee with each payrun that contributes to the employee’s payment of state income tax, if applicable. The amount is determined by the individual...
Prenote
The dry run through the bank for an employee’s direct deposit to ensure security and accuracy. The prenote period lasts 10 business days.
