Blog
Tip of the Week: Reporting Health Insurance Costs on Form W-2 Does not Affect Taxability
Many employers are aware of the new requirement under the Patient Protection and Affordable Care Act (PPACA), soon to be implemented, that an employer’s health insurance costs be included on an...
Montana Unemployment Wage Base to Increase to $26,300
Administrator Roy Mulvaney of the Montana Department of Labor and Industry has announced a 1% increase in the taxable wage base for 2011. $300 Increase Is the Lowest in Recent History The wage base...
California Announces Changes to Payroll Tax Filing for 2011
According to the California Employment Development Department (EDD), there are significant payroll tax changes in 2011. Change to Quarterly Reporting Starting with the first quarter of 2011,...
Advance Earned Income Credit Is Repealed Starting in 2011
President Barack Obama recently signed the Education Jobs and Medicaid Assistance Act of 2010 (HR 1586) into law. As part of the legislation, the advance earned income credit, claimed by eligible...
Kern County Employers May Request 60-Day Extension
According to the California Employment Development Department (EDD), employers in the county of Kern directly affected by the fires may request up to a 60-day extension of time from EDD to file...
Question of the Week: Is There a Problem with My EFTPS Payment?
This week’s question comes from Ben, a business owner. We received an e-mail from EFTPS stating that my federal tax payment had been rejected. Is there a problem with my EFTPS payment? Answer: On...
Unemployment Insurance Weekly Claims Report Update for August 21, 2010
According to the US Department of Labor, in the week ending August 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week’s revised...
Tip of the Week: Fourth Quarter Interest Rates Remain Unchanged
In IR-2010-090, the Internal Revenue Service (IRS) announced that interest rates for the fourth quarter of 2010 would remain unchanged from the third quarter. The rates are as follows: Four (4)...
IL Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to the damage caused by the severe storms and flooding in Illinois on July 22, 2010, President Barack Obama declared the following counties a federal disaster area: Carroll, Cook, DuPage, Jo...
Labor Day Holiday May Require Change in Processing Schedule
Monday, September 6, 2010 will be Labor Day, a federal holiday. The offices of Vision Payroll will close Friday September 3 at 5 pm EDT and re-open Tuesday September 7. Most banks will also be...
