2012 State Minimum Wage Update
Employers across the country are playing catch-up on several employment related tax adjustments on both a Federal and State level. Recently, we updated you regarding the Temporary Payroll Tax Cut Continuation Act of 2011 and the payroll tax cut extension through February 29, 2012. Now we want to advise you that several states are increasing […]
2012 New Year Tax Updates
As you are already likely aware, the US Congress previously enacted the Temporary Payroll Tax Cut Continuation Act of 2011. Recently, President Obama and Congress agreed to extend the 2011 payroll tax cut through February 29, 2012. What this means is that the “employee’s” OASDI portion of FICA taxes (i.e. Social Security tax contributions) will […]
