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IRS Releases Notice 2009-66 on Automatic Enrollment in SIMPLE IRAs
The Internal Revenue Service (IRS) recently released Notice 2009-66, Automatic Enrollment in SIMPLE IRAs. Notice 2009-66, in question-and-answer format, provides rules for employers that maintain...
IRS Releases Notice 2009-65 on Adding Automatic Enrollment to Section 401(k) Plans – Sample Amendments
The Internal Revenue Service (IRS) recently released Notice 2009-65, Adding Automatic Enrollment to Section 401(k) Plans – Sample Amendments. The Notice contains two sample amendments that allow...
Question of the Week: Why Do We Have To Pay Massachusetts HICA Tax This Payroll?
This week’s question comes from Michelle, a small business owner. I have not had to pay Massachusetts HICA tax all quarter. Now I have to pay it with the last payroll of the quarter. Why do we have...
Unemployment Insurance Weekly Claims Report Update for September 12, 2009
According to the US Department of Labor, in the week ending September 12, the advance figure for seasonally adjusted initial claims was 545,000, a decrease of 12,000 from the previous week’s revised...
Tip of the Week: Determining Time Off for School Activities
Employers are increasingly receiving requests for time off for employees to attend to their children’s school activities. It’s important to learn how state laws, company policies, and business needs...
NY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms and flooding in New York on August 8, 2009, President Barack Obama declared the following counties a federal disaster area: Cattaraugus, Chautauqua and Erie. Therefore, the...
IRS Releases Rev. Rul. 2009-32 on Paid Time Off Contributions at Termination of Employment
The Internal Revenue Service (IRS) recently released Revenue Ruling 2009-32, Paid Time Off Contributions at Termination of Employment. This Revenue Ruling addressed two issues: Do the amendments...
IRS Releases Rev. Rul. 2009-31 on Annual Paid Time Off Contributions
The Internal Revenue Service (IRS) recently released Revenue Ruling 2009-31, Annual Paid Time Off Contributions. This Revenue Ruling addressed two issues: Do the amendments described [in the ruling]...
IRS Releases Rev. Rul. 2009-30 on Automatic Contribution Increases under Automatic Contribution Arrangements
The Internal Revenue Service (IRS) recently released Revenue Ruling 2009-30, Automatic Contribution Increases under Automatic Contribution Arrangements. This Revenue Ruling addressed two issues:...
Question of the Week: Can We Require Employees to Work the Day Before or After a Holiday?
This week’s question comes from Kim, a business owner. We have an employee who never shows up for work the Friday before a holiday. Can we require employees to work the day before or after a...
