The Massachusetts Executive Office of Labor and Workforce Development (EOLWD) has released the 2011 contribution rates. Employers apply the rates to taxable payroll to determine the amount of tax due. Many 2011 Employer Rates Remain Unchanged Although the new...
The US Citizenship and Immigration Services (USCIS) recently released an updated Form M-274, Handbook for Employers. The handbook assists employers in completing Form I-9, Employment Eligibility Verification. Form Has Eight Parts Form M-274 is broken into eight parts,...
Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9%, the US Bureau of Labor Statistics reported recently. Job gains occurred in manufacturing, construction, professional and business services, health care,...
This week’s question comes from April, an office manager. I’ve read that the taxable wage base has increased in New Hampshire for 2011, but I’m not sure of the impact. What is a taxable wage base? Answer: The taxable wage base is the amount of income that will be...
According to the US Department of Labor, in the week ending February 26, the advance figure for seasonally adjusted initial claims was 368,000, a decrease of 20,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 388,500, a decrease...
Substantial enforcement developments from government agencies focusing on worker classification compliance are putting employers on notice. Learn about the issues affecting businesses nationwide and the key steps to take immediately. Five Questions About Worker...
In Notice 2011-12, Withholding on Wages of Nonresident Alien Employees Performing Services Within the United States the Internal Revenue Service (IRS) announced that Notice 2009-91 will not apply to wages paid after December 31, 2010. Notice 2009-91 Modified...
In IMRS10-0001357, the Internal Revenue Service (IRS) confirmed that erroneous CP 276B and CP 207 notices were sent to several taxpayers. IMRS Addresses Significant Issues Regarding IRS Policies, Practices and Issues The Issue Management Resolution System (IMRS) was...
In Announcement 2011-14, the Internal Revenue Service (IRS) “has concluded that breast pumps and supplies that assist lactation are medical care under § 213(d) of the Internal Revenue Code because, like obstetric care, they are for the purpose of affecting a structure...
The Internal Revenue Service (IRS) recently released a draft Form 941, Employer’s QUARTERLY Federal Tax Return. The revised Form 941 will be used for reporting information for the first quarter of 2011 and later quarters. It cannot be used to report information for...
This week’s question comes from Trevor, a company president. Some of our employees use our company aircraft for personal purposes. We need to value this and include it income for those employees. What are the updated Standard Industry Fare Level Rates? Answer: The...
According to the US Department of Labor, in the week ending February 19, the advance figure for seasonally adjusted initial claims was 391,000, a decrease of 22,000 from the previous week’s revised figure of 413,000. The 4-week moving average was 402,000, a decrease...
In IR-2011-017, the Internal Revenue Service (IRS) announced that interest rates for the second quarter of 2011 would increase from the first quarter. The rates are as follows: Four (4) percent for overpayments [three (3) percent in the case of a corporation]; Four...
The Iowa Department of Human Services has amended Chapter 97, “Collection Services Center,” Iowa Administrative Code to require submission of child support payments by means of electronic funds transfer (EFT) no later than June 30, 2015, unless an exemption applies....
Governor Deval Patrick recently signed legislation that will provide immediate relief to Massachusetts’ businesses by freezing employer contributions to the Unemployment Insurance (UI) Trust Fund at current levels. This new law prevents a scheduled rate hike from...
The Massachusetts Division of Unemployment Assistance (DUA) has released the UHI contribution rates for 2011. According to MGL c. 151A, §14G(f): There shall be a rate review board composed of the commissioner of medical assistance or his designee, the deputy director...
According to statistics released by the US Bureau of Labor Statistics (BLS), in January 2011, the percentage of people with disabilities in the labor force was 20.1. By comparison, the percentage of persons with no disability in the labor force was 69.5. Table A-6...
This week’s question comes from Jennifer, an office manager. One of the users in our company tried to login using the new multi-factor authentication and received an error message. Why did an employee receive an error message trying to logon to VisionPayroll.com?...
According to the US Department of Labor, in the week ending February 12, the advance figure for seasonally adjusted initial claims was 410,000, an increase of 25,000 from the previous week’s revised figure of 385,000. The 4-week moving average was 417,750, an increase...
Effective February 17, 2011, Vision Payroll will partner with RSA, the Security Division of EMC, to bring multi-factor authentication to its Online Employer portal. Authenticated Device Will Be Required to Sign-on In addition to a username and password, users will now...
Washington Governor Christine Gregoire recently signed Engrossed House Bill 1091 and Senate Bill 5135 into law. As a result, most employers will have their rates reduced from the already announced 2011 employer tax rates. Washington Employment Security Department...
Due to the increase in the Illinois individual income tax rate from 3% to 5%, the Illinois Department of Revenue has released an updated Booklet IL-700-T, Illinois Withholding Tax Tables. New Rate Effective January 1, 2011 Because the increase is retroactive to...
The New York Department of Labor has announced the taxable wage base for 2011. The wage base will remain at $8,500 for 2011. Employer Rates for 2011 Announced Employer rates will go from a low of 1.5% to a high of 9.9%. The new employer rate is 4.1% for 2011. All...
The New Hampshire Department of Economic Security (NHDES) has announced that because of the amount of unemployment benefits having been paid out and the solvency issue with the Unemployment Trust Fund, the NHDES will continue to invoke the 1.0% surcharge to all...
This week’s question comes from Myrtle, a retired bookkeeper. I thought the income tax cuts were extended, but now the federal income tax withholding on my pension has increased. Why did my withholding Increase on my pension? Answer: The Internal Revenue Service...
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