The Pennsylvania Department of Labor & Industry has announced the taxable wage base for 2011. The wage base will remain at $8,000 for 2011. Wage Base Does Not Apply To Employee Withholding Pennsylvania employees are subject to withholding for unemployment tax. The...
The Michigan Department of Treasury has released Publication 446, 2011 Michigan Income Tax Withholding Guide. Withholding Rate and Personal Exemption Amount Announced For wages paid after December 31, 2010 and before October 1, 2011, the withholding rate is 4.35% and...
The South Carolina Department of Employment and Workforce has announced that pursuant to SC General Assembly Bill 391, the taxable wage base will increase for 2011. The wage base will increase from $7,000 for 2010 to $10,000 for 2011. Further Increases Are Already...
The Minnesota Department of Employment and Economic Development has announced the taxable wage base for 2011. The wage base will remain at $27,000 for 2011. New Employer Tax Rates to Increase The tax rates for new employers will increase from 1.91% to 2.41% for new...
This week’s question comes from Peter, a company controller. I read that Michigan is a credit reduction state for 2010. Are there any other credit reduction states for 2010? Answer: Federal law provides for a reduction in the FUTA tax credit when a state has...
According to the US Department of Labor, in the week ending November 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 443,000, a decrease...
A clear, well-written company employee handbook is crucial to your business. Look closely at your company practices and make sure you have at least the minimum crucial types of policies in place to communicate to your employees and protect your business. Three...
According to the Unemployment Insurance Agency of the State of Michigan Department of Energy, Labor & Economic Growth, the FUTA tax credit reduction rate will increase from 0.3% in 2009 to 0.6% in 2010. Standard Credit Rate is 5.4% for 2010 Generally, employers...
The Colorado Department of Labor and Employment has announced that since the UI Trust Fund balance as a percentage of the total wages reported by ratable Colorado employers was less than zero, the solvency surcharge would be assessed for rate year 2011. UI Trust...
The California Employment Development Department (EDD) recently released the 2011 UI, ETT, and SDI rates. An historical compilation of prior year rates is available in Form DE 3395. 2011 UI, ETT, and SDI Rates The UI rate schedule in effect for 2011 is Schedule “F+.”...
The Washington State Department of Labor & Industries announced recently that pursuant to Initiative 688, the minimum wage for the state of Washington would increase from $8.55 to $8.67 per hour effective January 1, 2011. The law requires an adjustment to the...
This week’s question is from Randy, an HR Manager. We are reviewing our payroll processing schedule for 2011. What is the holiday schedule for 2011? Answer: There are two types of holidays: those on which payrolls are processed and those on which payrolls are not...
According to the US Department of Labor, in the week ending November 6, the advance figure for seasonally adjusted initial claims was 435,000, a decrease of 24,000 from the previous week’s revised figure of 459,000. The 4-week moving average was 446,500, a decrease of...
Effective November 4, 2010, employers in Massachusetts are prohibited from asking about criminal history on most job applications. In some limited situations, employers will still be able to ask about criminal history on job applications. Situations in Which Employer...
The Vermont Department of Labor announced recently that pursuant to Title 21 of the Vermont Statutes, Annotated §384, the minimum wage for the state of Vermont will increase from $8.06 to $8.15 per hour effective January 1, 2011. The law requires an adjustment to the...
Thursday, November 25, 2010 will be Thanksgiving Day, a federal holiday. The offices of Vision Payroll will close Thanksgiving Eve, November 24 at 3 pm EST and re-open Friday November 26. Most banks will also be closed in observance of the holiday. Payroll changes and...
The Wisconsin Department of Workforce Development has announced an increase in the taxable wage base for 2011. The wage base will increase from $12,000 for 2010 to $13,000 for 2011. Under Wisconsin Statute 108.18, rates for 2011 will be determined under Schedule A....
Nonfarm payroll employment increased by 151,000 in October, and the unemployment rate was unchanged at 9.6%, the US Bureau of Labor Statistics reported recently. Since December 2009, nonfarm payroll employment has risen by 874,000. The number of unemployed persons, at...
This week’s question comes from Meg, an HR manager. We have a third shift that works from 11 pm to 7 am the following day. Some of the workers will work this Saturday night into Sunday. How many hours do we need to pay for work on the third shift this Saturday night?...
According to the US Department of Labor, in the week ending October 30, the advance figure for seasonally adjusted initial claims was 457,000, an increase of 20,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 456,000, an increase...
Technological advances have evolved to help employers enhance their operations, become more cost-efficient, and become more engaged with their workers. If you employ a remote workforce, technology is often crucial to bridging any communication lag. Accessible...
In IR-2010-108, the Internal Revenue Service (IRS) announced the 2011 compensation limitation for Simplified Employee Pension (SEP) plans. Under §408(k)(2) of the Internal Revenue Code of 1986, SEP contributions are generally required for any employee of an employer...
In IR-2010-108, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the limits on SIMPLE plan contributions for 2011. The limitation for SIMPLE plans is codified in §408(p)(2)(E) of the Internal Revenue Code of 1986 (IRC). This section also...
In IR-2010-108, the Internal Revenue Service (IRS) announced the limits on deferral contributions for 2011 under §401(k), §403(b), and §457(e)(15). These limitations are codified in those sections of the Internal Revenue Code of 1986 (IRC). Under IRC §415, the...
In IR-2010-108, the Internal Revenue Service (IRS) announced that for 2011 the compensation limitation will remain at $245,000 under §401(a)(17), §404(l), §408(k)(3)(C), and §408(k)(6)(D)(ii) of the Internal Revenue Code of 1986 (IRC). 2011 Contribution Limit Also...
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