While Congress debates how to stave off the fiscal cliff, New Jersey, New York, Delaware and 15 other states are suddenly facing higher payroll taxes
On October 16th, 2012 The Social Security Administration (SSA) announced there will be a $3,600 increase in the Social Security and Disability Insurance taxable wage base for 2013. In addition, there will be a 1.7% cost of living increase for the more than 55 million people collecting Social Security benefits.
Automated timekeeping is the process of electronically tracking employee work hours and pay. It is accomplished using electronic time clocks and software to collect and process the data. The electronic clocks can be setup to read fingerprints, proximity badges, key fobs, or they can be activated by computer or telephone.
Streamlining payroll procedures is more valuable than meets the eye. It is an essential tool for all businesses. The compliance environment is becoming more demanding in the face of increased regulations. Companies are working with narrower margins. Automated timekeeping provides a wide array of tangible and intangible benefits that mitigate the challenging environment. Many of the advantages are both immediate and tangible.
Act 32 of 2008 is a Pennsylvania law that was passed with the intention of simplifying the way local Earned Income Tax (EIT) is paid and collected throughout the state.
While Congress debates how to enact payroll tax cuts to stimulate the floundering economy, New Jersey and Pennsylvania employers are suddenly facing higher payroll taxes.
For residents living in New Jersey and Pennsylvania who work across the state border, personal income taxes will no longer be impacted in January 2017 by New Jersey’s proposed withdrawal from the Reciprocal Personal Income Tax Agreement. On Tuesday, November 22nd, Governor Chris Christie reinstated the tax reciprocity agreement, reversing his initial decision to withdraw, […]
In May of this year the US Department of Labor proposed a final ruling to increase the minimum salary threshold for exempt employees from $23,600 to $47,476 annually or from $455 to $913 per week. As a result of the ruling, starting December 1st, exempt employees earning less than $47,476 were to become eligible for […]