Unemployment Rate Rose to 7.6 Percent in January

Nonfarm payroll employment fell sharply in January (-598,000) and the unemployment rate rose from 7.2% to 7.6%, the Bureau of Labor Statistics of the US Department of Labor reported recently. Payroll employment has declined by 3.6 million since the start of the...

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Tip of the Week: Learn About the Revised Form I-9

The United States Citizenship and Immigration Services (USCIS), a component of the United States Department of Homeland Security (DHS) has announced a delay in the implementation of the revised Form I-9, Employment Eligibility Verification, but you shouldn’t delay in...

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USCIS Delays Release of Revised Form I-9

The United States Citizenship and Immigration Services (USCIS), a component of the United States Department of Homeland Security (DHS), announced recently that it would delay “the implementation of an interim final rule entitled ‘Documents Acceptable for Employment...

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2008 Form W-2 Tips, Part 15, Box 14 Other

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 14, Box 13 Checkboxes

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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Question of the Week: Why Did My Payroll Cost Increase?

This week’s question comes from Rachel, a business owner. I have been running payroll with almost the exact same hours every week for the last few months. In the last few weeks, the payroll cost was several thousand dollars more each week than a month ago. Why did my...

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2008 Form W-2 Tips, Part 13, Box 12 Codes

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 12, Box 11 Nonqualified Plans

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 11, Box 10 Dependent Care Benefits

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 10, Box 9 Advance EIC Payment

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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Question of the Week: Why Did My FIT Withheld Go Down?

This week’s question comes from Greg, a part-time accounts payable clerk. I made almost the same amount of money in 2008 as I did in 2007, but the amount of my federal income tax (FIT) withheld is significantly lower. Why did my FIT withheld go down? There are several...

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Tip of the Week: Learn About Employee Personnel Files

Employers know that it’s important to keep personnel files, but do you know the answers to these questions? What should go into an employee’s personnel file? What shouldn’t go into an employee’s personnel file, but still must be kept on file? What are the best...

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2008 Form W-2 Tips, Part 9, Box 8 Allocated Tips

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 8, Box 7 Social Security Tips

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 7, Box 6 Medicare Tax Withheld

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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2008 Form W-2 Tips, Part 6, Box 5 Medicare Wages and Tips

This is one in a continuing series on the 2008 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 2, 2009. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...

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