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...
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...
Question of the Week: What Are the Credit Reduction States for 2011?
This week’s question comes from Victoria, a corporate controller. Victoria asks: I read that California is going to be a credit reduction state for 2011, but heard that they be more credit reduction states. What are the credit reduction states for 2011? Answer: The...
Question of the Week: What Are the IRS and DOL Doing About Workers Who Receive 1099s?
This week’s question comes from Steve, a small business owner. Steve asks: I’ve read about the Voluntary Classification Settlement Program (VCSP) and its application process with the Internal Revenue Service (IRS). What are the IRS and Department of Labor (DOL) doing...
NY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to the damage caused by Tropical Storm Lee in New York beginning on September 7, 2011, President Barack Obama declared the following counties a federal disaster area: Broome, Chenango, Delaware, Otsego and Tioga. Individuals who reside or have a business in these...
Tip of the Week: IRS Provides Tax Relief to Victims of Hurricane Irene
The Internal Revenue Service (IRS) is providing tax relief to individual and business taxpayers impacted by Hurricane Irene. …
NY Taxpayers Affected by Hurricane Irene Receive Extension of Time to File Returns and Pay Taxes
Due to the damage caused by Hurricane Irene in New York beginning on August 26, 2011, President Barack Obama declared the following counties a federal disaster area: Albany, Delaware, Dutchess, Essex, Greene, Nassau, Rensselaer, Schenectady, Schoharie, Ulster and...
New York Issues Guidance on Withholding from Same-Sex Married Employees
Due to the recent enactment in New York of the Marriage Equality Act, The New York State Department of Taxation and Finance has updated information for same-sex married employees and their employers. Employers Should Not Withhold on Certain Benefits New York employers...
Tip of the Week: Twelve FAQs About the New York Interest Assessment Surcharge
As previously announced, New York has assessed most employers an Interest Assessment Surcharge (IAS). The New York Department of Labor has posted the following twelve FAQs about the IAS. 1. Why is the IAS being assessed? Due to the high rate of unemployment, New York,...
New York Assesses Interest Assessment Surcharge for 2011
The state of New York has announced the assessment of an Interest Assessment Surcharge (IAS) for 2011. The surcharge will be used to pay approximately $95 million in interest on loans to the federal government by September 30, 2011. New York Must Pay Interest on More...
New York Unemployment Wage Base to Remain at $8,500 for 2011
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...
Question of the Week: Why Did My NYC Withholding Go Up?
This week’s question comes from Terry, a small business owner in New York City. My net pay is the same every week, but last week’s net pay changed. Upon further review, the difference is because the withholding tax for New York City increased from the week before. Why...
Question of the Week: Do I Need To Withhold State Tax on Wages Paid to Non-Residents?
This week’s question comes from Aaron, a business owner. We have several employees who work in Massachusetts, but live in neighboring states. Do I need to withhold state tax on wages paid to non-residents? Answer: Massachusetts requires employers to withhold state tax...
NY Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to severe storms and flooding in New York on August 8, 2009, President Barack Obama declared the following counties a federal disaster area: Cattaraugus, Chautauqua and Erie. Therefore, the Internal Revenue Service (IRS) announced recently that it will waive...
Tip of the Week: Minimum Wage Hikes Take Effect this Week
The federal minimum wage will increase to $7.25 on Friday, July 24, 2009. Therefore, all work performed after July 23, 2009 should be compensated at the higher rate. In addition, the minimum wage will also increase to $7.25 in the following areas: Delaware, Idaho,...
New York State and Yonkers Revise Withholding Tables
Effective May 1, 2009, revised withholding tables are in effect for the New York State personal income tax and the Yonkers resident personal income surcharge tax for certain taxpayers. Vision Payroll will be using the revised tables for all payrolls after April 30,...
Delivery Men for New York Restaurants Awarded $4.6 Million
Thirty-six delivery men for various Vietnamese restaurants in New York City were awarded more than $4.6 million in back pay and damages in a recent case Ke, et al. v. Saigon Grill, Inc., et al., SDNY, 07cv2329 MHD, 10/21/2008. The court found that the defendants’...
New York Requires Notification of Mass Layoffs
Governor David Paterson recently signed the New York State Worker Adjustment and Retraining Act (WARN) into law. The law (Labor Law Article 25-A) is patterned after, but more stringent than, the federal WARN act. Effective February 1, 2009, private employers with...
New York City Garment Contractor Cited for Minimum Wage, Overtime Violations
A New York City garment contractor was cited by the New York Department of Labor with wage and hour violations that resulted in underpayment of almost $3 million to more than 100 workers. Jin Shun Incorporated, which was reported to have produced women’s garments for...
New York Company Must Pay $1.23 Million in Overtime and Damages
States continued their crackdown on employers with overtime violations as New York announced a $1.23 million settlement with Finkelstein Morgan LLC and J. Siebold Construction Corporation (“Siebold”). The settlement represents all the unpaid overtime for the period...
With the Click of Button

Streamline Your Hiring
Process With