Unemployment Rate Steady at 8.2 Percent in June

Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2%, the US Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little...

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Question of the Week: What Is the Additional Medicare Tax?

This week’s question comes from Savannah, a corporate controller. Savannah asks: Some of our employees are asking us about the Additional Medicare Tax and when we will start withholding it. What is the Additional Medicare Tax? Answer: The Additional Medicare Tax was...

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Washington Unemployment Wage Base to Increase to $39,800

The Washington Employment Security Department has announced an increase in the taxable wage base for 2013. The wage base will increase from $38,200 for 2012 to $39,800 for 2013. Find Out the Wage Base for All States by Visiting the Vision Payroll Unemployment Taxable...

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A Fond Farewell To a Great Man

It is with profound sadness that we announce the passing of Doctor Robert J. Fallon, father of the president of Vision Payroll, Anne Leader and grandfather of Bob Leader and Dan Leader. He loved his wife Madeleine and was especially proud of the accomplishments of his...

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IRS Revamps Schedule A for 2011

The Internal Revenue Service (IRS) has issued a revamped Schedule A for Form 940 for 2011. The revised Schedule A includes a line for every state as well as the District of Columbia, Puerto Rico, and the US Virgin Islands. Revamped Form Necessitated by Increase in...

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IRS Releases 2011 Form 940

The Internal Revenue Service (IRS) has released the 2011 Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, and accompanying instructions. Employers use Form 940 to report their annual Federal Unemployment Tax Act (FUTA) tax. Twenty Credit Reduction...

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Tip of the Week: Hiring Incentives for Veterans Expanded

The 3% Withholding Repeal and Job Creation Act (HR 674) was recently signed into law by President Barack Obama. The new law repeals the 3% withholding on certain payments made by the federal, state, and local governments. It also established the Returning Heroes Work...

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California Announces 2012 UI, ETT, and EDI Rates

The California Employment Development Department (EDD) recently released the 2012 UI, ETT, and SDI rates. An historical compilation of prior year rates is available in Form DE 3395. 2012 UI, ETT, and SDI Rates The UI rate schedule in effect for 2012 is Schedule “F+.”...

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