Category: Payroll
IRS Voluntary Classification Settlement Program (VCSP) 2013
The Internal Revenue Service has expanded its Voluntary Classification Settlement Program (VCSP), paving the way for more taxpayers to take advantage of this low-cost option for achieving certainty under the law by reclassifying their workers as employees for future tax periods. The IRS is modifying several eligibility requirements, thus making it possible for many more
AccuWage Software 2012
In order to run the Java version of the AccuWage/AccuW2C software, you must have the necessary Java Runtime Environment (JRE) files on your PC. Most users already have these files on their systems because Java applications are used in a wide range of computers and networks and are compatible with nearly every platform. AccuWage 2012
Fringe Benefits Rates Table 2012
Special Rules for Various Types of Fringe Benefits (Source: IRS) Treatment Under Employment Taxes Type of Fringe Benefit Income Tax Withholding Social Security and Medicare Federal Unemployment (FUTA) Accident and health benefits Exempt1,2, except for long-term care benefits provided through a flexible spending or similar arrangement. Exempt, except for certain payments to S corporation employees
Form 941 – Employer’s Quarterly Federal Tax Return for 2012 or Annual Return on Form 944
A separate Form 941 is filed for each quarter. The first quarter is January through March. The second quarter is April through June. The third quarter is July through September. The fourth quarter is October through December. Form 941 is generally due by the last day of the month following the end of the quarter.
Mobile Workforce State Income Tax Simplification Act of 2011 – H.R.1864
Mobile Workforce State Income Tax Simplification Act of 2011 – Prohibits the wages or other remuneration earned by an employee who performs employment duties in more than one state from being subject to income tax in any state other than: (1) the state of the employee’s residence, and (2) the state within which the employee
Form 941 for 2012: Employer’s QUARTERLY Federal Tax Return
Form 941 for 2012: Employer’s QUARTERLY Federal Tax Return Under the Middle Class Tax Relief and Job Creation Act of 2012, workers will continue to receive larger paychecks for the rest of this year based on a lower social security tax withholding rate of 4.2 percent, which is two percentage points less than the 6.2
California New Employment Laws for 2012
Bills Signed by the Governor AB 22 (Mendoza D) Employment: credit reports. Chapter Number: 724 Summary: The federal Fair Credit Reporting Act (FCRA) and the state Consumer Credit Reporting Agencies Act define and regulate consumer credit reports and authorize the use of consumer credit reports for employment purposes, pursuant to specified requirements. The FCRA provides
Deadline for filing forms W-2 and W-3 – February 29, 2012
Deadlines: January 31, 2012 – Deadline for supplying W-2s to employees. February 29, 2012 – Deadline for filing paper W-2s. March 31, 2012 -Deadline for filing electronic W-2s. Employer W-2 Filing Instructions & Information Employers must complete, file with the Social Security Administration (SSA) and furnish to their employees Form W-2 (PDF), Wage and
Exemption From Withholding – Form W-4 by February 15
If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. The exemption applies only to income tax, not to social security or Medicare tax. An exemption is good for only 1 year. You must give your employer a new Form W-4 by February 15 each year to continue
Massachusetts Circular M – Withholding Tables
Massachusetts Income Tax Withholding Tables Effective January 1, 2012 in pdf include WEEKLY wage-bracket table method of Massachusetts income tax withholding, BIWEEKLY wage-bracket table method of Massachusetts income tax withholding, SEMIMONTHLY wage-bracket table method of Massachusetts income tax withholding, MONTHLY wage-bracket table method of Massachusetts income tax withholding, DAILY wage-bracket table method of Massachusetts income
