HIRE Act ends with wages paid after 12/31/10

Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”). The first, referred to as the payroll tax exemption, provides employers with an exemption from the employer’s 6.2 percent share of social security tax on wages paid to qualifying employees, effective for wages paid from March 19, 2010 through December 31, 2010. In addition, for each qualified employee retained ... Read more

Important FUTA Notice for SC Employers

Our development team will have the calculation for the FUTA credits for South Carolina at the end of 4th quarter. If you have any questions or concerns, please feel free to give us a call at (704) 921-2730 or send an email to payroll@directpaypayroll.com Read more

End of Month Payroll Reporting

We hope you enjoyed Thanksgiving! If you need to report payroll for the 30th, please be sure to contact your Account Manager by 11am today. Have a wonderful weekend! Read more

Important Holiday Deadlines

Today is the last day to report a direct deposited payroll with a check date of Friday 11/26/2010. Please be sure to report your payroll data to your Account Manager no later than 3pm today. Did you know that you can call, email, fax, or even key your own payroll online? If deadlines ever get tight with your schedule, just give us a call and we will be glad discuss all available options with you. If you will not be in on Friday, ... Read more

Online Employer & Employee Self Service

Online Employer Online Employer is a web-based business solution to streamline business processes and administrative functions required for your organization. What is it? Online Employer is accessible 24 hours per day, 7 days per week.  You can access information from virtually anywhere with a standard Internet Connection.  So you can manage information when it’s most convenient for you. Products and services available through Online Employer include: Online Payroll Entry Payroll just became a whole lot easier.  Online Employer presents payroll remote entry services in conjunction with the ... Read more

Thanksgiving Holiday

This year Thanksgiving falls at a time that leaves a very tight processing window for Semi-monthly and Monthly paying employers. Wednesday 11/24/10: Our office will close at 1:00pm Thursday 11/25/10: Our office and all banks will be closed Friday 11/26/10: Our office will close at 12:00pm If you will not be available to report your month end payroll on Friday before 11:00am, please make arrangements to contact your Account Manager before 12:00pm on Wednesday. Thank you and have a wonderful Thanksgiving! Read more

W-2 Verification Report

By now, everyone should have received a W-2 verification report from our office. If you have not received one, please contact your Account Manager as soon as possible. We will be more than happy to send one to you immediately. Your W-2 verification report is a valuable tool at year end. By thoroughly checking your report, you will avoid W-2 errors, filing problems for your employees, and compliance issues for your company. Not to mention the time and expense caused by the ... Read more

S-Corp Insurance or Fringe Benefits for 2010?

With 2010 year end quickly approaching. It is important for you to report all fringe benefits to your Account Manager. If you need to report S-corp insurance premiums, Third Party Sick Pay, Personal use of company car or any other fringe benefit, please contact us no later than 1pm on December 30th. Our year-end letter was mailed, emailed, and is located on our blog as well. Please take the time to read through it carefully and call us with any ... Read more

Independent Contractor or Employee?

Independent Contractor (Self-Employed) or Employee? It is critical that you, the business owner, correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors. If you are an independent contractor and hire or subcontract work ... Read more

2011 Social Security Wage Base will remain at $106,800.

Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2011 as there is no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008, the last year a COLA was determined, to the third quarter of 2010.  Other important 2011 Social Security information is as follows: Maximum Taxable Earnings: 2010 2011 Social Security (OASDI only) $106,800 $106,800* Medicare (HI only) No  ... Read more
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