This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2010 Form W-2 Tips, Part 9, Box 8 Allocated Tips
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Question of the Week: What Are 10 Hot Items for Payroll in 2011?
This week’s question comes from Seth, a company controller. It seems as if there are many changes in payroll recently. What are 10 hot items for payroll in 2011? Answer: The payroll industry and payroll departments have seen many changes as Congress uses the payroll...
Unemployment Insurance Weekly Claims Report Update for January 8, 2011
According to the US Department of Labor, in the week ending January 8, the advance figure for seasonally adjusted initial claims was 445,000, an increase of 35,000 from the previous week’s revised figure of 410,000. The 4-week moving average was 416,500, an increase...
Tip of the Week: Top 5 Employee Handbook Policies to Reface
Every business should consider providing or updating their company employee handbooks to reflect current trends that are highly relevant in today’s workplace. The perception that employee handbooks are bland stacks of standard policies lead some employers to become...
2010 Form W-2 Tips, Part 8, Box 7 Social Security Tips
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2010 Form W-2 Tips, Part 7, Box 6 Medicare Tax Withheld
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2010 Form W-2 Tips, Part 6, Box 5 Medicare Wages and Tips
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Unemployment Rate Fell to 9.4 Percent in December
The unemployment rate fell by 0.4 percentage points to 9.4% in December, and nonfarm payroll employment increased by 103,000, the US Bureau of Labor Statistics reported recently. Employment rose in leisure and hospitality and in health care but was little changed in...
Question of the Week: Why Did My Federal Income Tax Withholding Go Up in 2011?
This week’s question comes from Gabrielle, an office manager. I noticed that my federal income tax withholding increased for my first check of 2011 as compared to my last check of 2010. Several of my co-workers noticed the same thing. I thought the tax cuts were...
Unemployment Insurance Weekly Claims Report Update for January 1, 2011
According to the US Department of Labor, in the week ending January 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week’s revised figure of 391,000. The 4-week moving average was 410,750, a decrease of...
Tip of the Week: IRS Releases 2011 Form W-4
The Internal Revenue Service (IRS) has released the 2011 Form W-4, Employee’s Withholding Allowance Certificate. Form W-4 is used by employers to calculate the amount of federal tax to be withheld from an employee’s paycheck. Employees Claiming Exempt Status Must File...
2010 Form W-2 Tips, Part 5, Box 4 Social Security Tax Withheld
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Birthday of Martin Luther King, Jr. May Require Change in Processing Schedule
Monday, January 17, 2011 will be the Birthday of Martin Luther King, Jr., a federal holiday. Although the offices of Vision Payroll will be open and payrolls will be processed, most banks will be closed in observance of the holiday. Date Paid Process Deadline...
2010 Form W-2 Tips, Part 4, Box 3 Social Security Wages
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2010 Form W-2 Tips, Part 3, Box 2 Federal Income Tax Withheld
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Question of the Week: What Is the Monthly Limit on the Value of Qualified Transportation Benefits?
This week’s question comes from Steve, an HR director. We provide transportation benefits to our employers. In 2010, we could exclude $230 per month for most qualified transportation benefits. What is the monthly limit on the value of qualified transportation...
Unemployment Insurance Weekly Claims Report Update for December 25, 2010
According to the US Department of Labor, in the week ending December 25, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 34,000 from the previous week’s revised figure of 422,000. The 4-week moving average was 414,000, a decrease...
Tip of the Week: Strategically Connecting Your Talent Needs To Your Business Goals
Over the past years, numerous economic changes have reshaped the business landscape. In turn, companies must look more closely at their current talent, their needed talent, and how to motivate the right talent towards satisfying their business goals. Three Questions...
2010 Form W-2 Tips, Part 2, Box 1 Wages, Tips, Other Compensation
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Kings, Los Angeles, Santa Barbara, Inyo, & San Diego County Employers May Request 60-Day Extension
According to the California Employment Development Department (EDD), employers in the counties of Kings, Los Angeles, Santa Barbara, Inyo, & San Diego directly affected by the winter storms may request up to a 60-day extension of time from EDD to file their State...
2010 Form W-2 Tips, Part 1, General Information
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Kern, Orange, Riverside, San Bernardino, San Luis Obispo, & Tulare County Employers May Request 60-Day Extension
According to the California Employment Development Department (EDD), employers in the counties of Kern, Orange, Riverside, San Bernardino, San Luis Obispo, & Tulare directly affected by the winter storms may request up to a 60-day extension of time from EDD to...
Question of the Week: What is the Maximum Amount of Social Security Withholding Tax for 2011?
This week’s question comes from Adrienne, a sales manager. I normally earn in excess of the FICA limit ($106,800 in 2010 and 2011). I know the social security withholding rate has been reduced for 2011. What is the maximum amount of social security withholding tax...
Unemployment Insurance Weekly Claims Report Update for December 18, 2010
According to the US Department of Labor, in the week ending December 18, the advance figure for seasonally adjusted initial claims was 420,000, a decrease of 3,000 from the previous week’s revised figure of 423,000. The 4-week moving average was 426,000, an increase...
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