The Social Security Administration announced today that the Maximum Taxable Earnings or Social Security Wage Base would increase from $117,000 in 2014 to $118,500 in 2015. Social Security Increases Based on CPI Change Since there was a 1.7% increase in the Consumer...
Tip of the Week: Social Security Administration Announces 2014 Increases
The Social Security Administration announced today that the Maximum Taxable Earnings or Social Security Wage Base would increase from $113,700 in 2013 to $117,000 in 2014. Social Security Increases Based on CPI Change Since there was a 1.5% increase in the Consumer...
Social Security Administration Announces 2013 Increases
The Social Security Administration announced today that the Maximum Taxable Earnings or Social Security Wage Base would increase from $110,100 in 2012 to $113,700 in 2013. Social Security Increases Based on CPI Change Since there was a 1.7% increase in the Consumer...
Tip of the Week: Social Security Administration Announces 2012 Increases
The Social Security Administration announced today that the Maximum Taxable Earnings or Social Security Wage Base would increase from $106,800 in 2011 to $110,100 in 2012. Social Security Increases Based on CPI Change Since there was a 3.6% increase in the Consumer...
2010 Form W-2 Tips, Part 12, Box 11 Nonqualified Plans
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 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 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...
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 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...
Social Security Administration Announces 2011 Changes
The Social Security Administration announced recently that the Maximum Taxable Earnings or Social Security Wage Base would not change for 2011. Social Security Increases Based on CPI Change Since there was no increase in the Consumer Price Index (CPI-W) from the third...
Question of the Week: Has the 2011 Social Security Wage Base Been Announced?
This week’s question comes from Sylvia, a payroll manager. I thought I heard that the social security wage base would remain the same in 2011 as it was in 2010, but I can’t find anything official. Has the 2011 social security wage base been announced? Answer: Although...
Maryland Restaurateur Pleads Guilty to Harboring Illegal Aliens
According to the office of Rod J. Rosenstein, US Attorney for the District of Maryland, George Anagnostou has pleaded guilty to harboring twenty-four illegal aliens who were employed at Timbuktu restaurant in Hanover, Maryland and By the Docks restaurant in Middle...
Question of the Week: Are Health Insurance Costs Required To Be Reported on Form W-2?
This week’s question comes from Beverly, a small-business owner. We pay health insurance costs for our employees. I heard there was a change in reporting health insurance costs under the new law. Are health insurance costs required to be reported on Form W-2? Answer:...
Question of the Week: What Should We Do with a Returned Form W-2?
This week’s question comes from Jason, an HR director. We mailed a Form W-2 to an employee who terminated employment during 2009. The Form W-2 was returned by the post office with no forwarding address. What should we do with a returned Form W-2? Answer: If the post...
2009 Form W-2 Tips, Part 12, Box 11 Nonqualified Plans
This is one in a continuing series on the 2009 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 1, 2010. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2009 Form W-2 Tips, Part 8, Box 7 Social Security Tips
This is one in a continuing series on the 2009 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 1, 2010. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2009 Form W-2 Tips, Part 5, Box 4 Social Security Tax Withheld
This is one in a continuing series on the 2009 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 1, 2010. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2009 Form W-2 Tips, Part 4, Box 3 Social Security Wages
This is one in a continuing series on the 2009 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 1, 2010. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
2009 Form W-2 Tips, Part 1, General Information
This is one in a continuing series on the 2009 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than February 1, 2010. Forms mailed on the due date are considered furnished if properly addressed. Employers unable to meet...
Social Security Administration Announces 2010 Changes
The Social Security Administration announced recently that the Maximum Taxable Earnings or Social Security Wage Base would not change for 2010. Since there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008 to the third quarter of 2009,...
E-Verify Requirement Takes Effect September 8
The US Citizenship and Immigration Services (USCIS), a component of the Department of Homeland Security (DHS), in conjunction with the Social Security Administration (SSA) operates an electronic system that allows employers to verify the employment eligibility of...
Deadline for Filing Forms W-3 and W-2 Looms
The third and final deadline applicable to federal filing of Forms W-2 is approaching. The first deadline, January 31, 2009, was the deadline for providing copies of Form W-2 to employees. The second deadline, February 28, 2009 (extended to March 2, 2009 because of...
Question of the Week: Do I Need To File Form W-3?
This week’s question comes from Kelly, a business owner. I already gave my employees their W-2s. Do I still need to file Form W-3? Answer: Anyone required to provide a Form W-2 to an employee must file Form W-3, Transmittal of Wage and Tax Statements. Employers may...
Tip of the Week: You May Need to Update Your Name if You Got Married or Divorced
If you got married or divorced and changed your name, be sure to give the changes to your payroll or HR department and to the Social Security Administration (SSA). This is true if you’ve changed your name to your spouse’s name, hyphenated your name with your spouse’s...
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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