Upcoming 2013 Tax Changes
As we get closer to 2013, there are several new tax changes coming into play that will affect millions of employees across the United States. While the list of these taxes can be overwhelming, we wanted to list a few that will impact many in the workforce today. The IRS has announced that the Social […]
Tax Relief Bill includes 2% Employee Social Security Tax Reduction
Many employers and employees are just now becoming aware of the recently passed Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Tax Relief Act of 2010). This new law will continue the Bush-era tax rates, which were set to expire on December 31, 2010, for two years, through December 31, 2012. Also […]
Major 2011 Employment Tax Changes!
In conjunction with the Federal Government’s efforts to provide tax relief to the American worker, significant reductions in Social Security taxes are being passed on to “employees”. On December 17, 2010, information was released by the IRS regarding 2011 “payroll tax cuts”. Throughout 2011, the “employee tax rate” for Social Security contributions will be 4.2%, […]
