2012 Additional FUTA Taxes

Posted on December 24th, 2012 by admin

2012 Additional FUTA Taxes The IRS has assessed additional FUTA tax on employers in 19 states due to those states inability to repay loans from the federal government. An employer in one of these states will have an additional FUTA liability for 2012 which is due to the IRS January 2013. The additional tax is [...]

Filed under: Payroll, Payroll Taxes | No Comments »

Year-End Checklist

Posted on October 31st, 2012 by admin

Payroll Adjustments The year-end cutoff date for reporting 2012 payroll changes is December 28, 2012 at 1:00 p.m. To ensure accurate and on-time filing of Federal and State returns, all adjustments must be submitted by the cutoff date. We can accommodate adjustments after December 28th if necessary, however, there will be additional fees and/or a [...]

Filed under: Flexible Spending Accounts, Payroll, Payroll Taxes | No Comments »

W-2s and Health Insurance Reporting

Posted on March 5th, 2012 by admin

W-2s and Health Insurance Reporting Back Ground A provision of the Affordable Care Act enacted on March 23, 2010, requires employers to report the aggregate cost of employer sponsored group health care coverage on the employee’s W-2. This reporting to employees is for their informational use only and does not cause employer provided health care [...]

Filed under: Legislative Updates, Payroll | No Comments »