2012 FUTA Credit Reduction States

The IRS has released a list of states that have defaulted on their 2012 Federal Unemployment Insurance Loans causing employers in these states to owe additional FUTA tax for the tax year 2012. The following are the FUTA tax rate increases for the affected states and credit reductions: Arizona 0.3% Arkansas 0.6% California 0.6% Connecticut 0.6% Delaware 0.3% Florida 0.6% Georgia 0.6% Indiana 0.9% Kentucky 0.6% Missouri 0.6% Nevada 0.6% New Jersey 0.6% New York 0.6% North Carolina 0.6% Ohio 0.6% Rhode Island 0.6% Vermont 0.3% Virgin Islands 1.5% Wisconsin 0.6% This rate will be applied to the 1st $7,000.00 that each ... Read more

Super Size Your Social Security Benefits!

  What are the best ways to maximize your Social Security benefits? The Social Security Administration doesn't give case-specific advice to individuals, so it's up to the individual worker to know the rules and do the proper research. For example, writing on the Bankrate.com website, Jennie L. Phipps describes some keys to getting the most out of Social Security: (1) Wait a while. At age 70, the monthly benefit is 76 percent higher than it would be at age 62 and 32 percent higher ... Read more

Trouble Making Payroll in a Tough Economy – Could Vacations be the Answer

Making payroll is always a top priority. But for many companies during the economic difficulties of the last few years, payroll has been an ongoing concern every pay period. Creativity and loyalty to staff members has given many company leaders the incentive to find alternative ways to make payroll, rather than laying off valuable, dependable workers. In October 2008 the Society for Human Resource Management (SHRM) conducted a survey that examined paid leave policies and practices in the workplace. The survey was ... Read more

When is Outsourcing Payroll A Necessity?

Even the most savvy entrepreneurs sometimes have a difficult time keeping up with payroll taxes.  According to howstuffworks.com, payroll taxes can create trouble, because “Complicated tax forms must be filled out and filed on an annual, quarterly, sometimes even weekly basis. Missed deadlines and improper tax filings can result in steep fines and even jail time.” A business owner managing payroll can be a huge time waster. That’s bad for the owner and bad for the company. Sitting in the office ... Read more

How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?

Businesses save money by outsourcing payroll, but exactly how? The obvious answer is that outsourcing fees are less than the cost of paying in-house payroll staff member salaries and benefits. But there are other savings created by outsourcing that are less obvious. While it’s true that hiring fewer payroll staff members keeps individual salary budgets in check, an indirect result of this is also beneficial: keeping the company size classification in check. The federal healthcare law requires employers with 50 or more ... Read more

Salary Discrepancy Between Men and Women

Salary discrepancy between men and women.The salary gap between men and women in the U.S. has closed significantly in the last 50 years. But despite a generation or so of serious attention to the issue, there’s still a long way to go to achieve the elusive goal of equity.  “These differences aren’t going to go away overnight,” said Dr. Nancy Bush, a marketing professor at Wingate (N.C.) University, noting that equal pay for men and women was part of the Republican ... Read more

Dating In the Workplace: Fifty Shades of a Legal Debacle?

Dating in the workplace: Legail Debacle or Life Changing Romance!For those enthralled in the best seller Fifty Shades of Grey, a workplace romance might seem like a positive next step in life (or in the workplace) but the reality is not that sexy.  For employers it may prove to be an untidy and expensive embarrassment. All too often what starts as a common interest in another person can end up in a messy sexual harassment law suit.  Sexual harassment is defined legally ... Read more

Benefits of Outsourcing Payroll

The catalyst for outsourcing payroll, tax or HR services is usually cost containment.  Reduction of cost without sacrifice of quality is paramount.  Therefore, when considering outsourcing, vendor choice is critical. After finding a vendor that meets basic payroll production, consider identifying vendors that might have additional payroll or HR products.  Info-Tech Research Group recently conducted a study that found many companies actually outsource to gain access to the specialized skill set that the outsourcing company provides. Rather than depend on employees who ... Read more

Stay Competitive – Plan For Payroll Increases

According to the business consulting firm Mercer, 98 percent of the 1500 employers included on a recent survey plan to increase employee pay in 2013. Salary increases are expected to be up by 2.9 percent, an increase from 2011 and 2010. CNN Money reports that pay raises will not, however, be uniform across the board. Workers designated as top performers are expected to get larger compensation increases than average workers. Some top workers can expect increases as high as 4.5 percent while ... Read more

A Place Where Everybody Knows Your Name

A few years back Suzie Crage of Stanley Labs' Human Resources Department was working with a large corporate provider to handle Stanley's outsourced payroll management. The company was supposed to be great at what they did; they had a great reputation and had promised Crage the moon. And Stanley was paying top dollar for the services. Then one afternoon Crage got a batch of bad paychecks. "There's nothing worse than a mistake in a paycheck. You don't want an employee with an incorrect ... Read more
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