On Tuesday, Senate rejected Obama's $447 billion jobs plan. The American Jobs Act would have impacted payroll in several ways such as cutting payroll taxes in half for 98 percent of businesses, A “Returning Heroes” tax credit, and a $4000 tax credit to employers for hiring long-term unemployed workers. For the full fact sheet please visit  Fact Sheet: The American Jobs Act With the plans legislative life behind it, smaller components of the American Jobs Act are likely to be presented independently.

The North Carolina Department of Revenue recently mailed out all 2012 notices of change in filing frequency. If you receive or have already received a notice from the NC DOR, please forward a copy to your account manager as soon as possible so that we can update our system for 2012. If you have any questions, please feel free to call us at (704) 921-2730 or send an email to payroll@directpaypayroll.com. Thank you!

 The American Jobs Act has five key components: Tax Cuts to Help America’s Small Businesses Hire and Grow Putting Workers Back on the Job While Rebuilding and Modernizing America Pathways Back to Work for Americans Looking for Jobs More Money in the Pockets of Every American Worker and Family Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan The American Jobs Act will impact payroll and hiring significantly if passed.  Some payroll related items include a social security rate decrease to 3.1% for both employers and employees, tax credits for businesses that hire long term unemployed workers, and [...]

  Protect your personal information! The IRS does not initiate taxpayer communications through email What is phishing? Phishing is a scam typically carried out by unsolicited email and/or websites that pose as legitimate sites and lure unsuspecting victims to provide personal and financial information. All unsolicited email claiming to be from either the IRS or any other IRS-related components such as EFTPS, should be reported to phishing@irs.gov. However, if you have experienced monetary losses due to an IRS-related incident please file a complaint with the Federal Trade Commission through their Complaint Assistant to make that information available to investigators. What [...]

DirectPay Payroll Services offers Employee Self Service. This utility offers your employees the ability to view their pay data securely online. Employees are able to view and print pay stubs as well as W-2s. The amount of requests employers receive for W-2 and pay stub reprints can become  time consuming and counterproductive. Additionally, your employees usually expect their W-2/pay stub requests immediately. With Employee Self Service, the employee will have access to their information 24 hours a day, even prior years. The Employee-Self Service module is a valuable tool designed to help you manage your workforce effectively and efficiently. If [...]

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012 IR-2011-31, March 29, 2011 WASHINGTON — The Internal Revenue Service today issued interim guidance to employers on informational reporting on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees. The IRS is also requesting comments on this interim guidance. The IRS emphasized that this new reporting to employees is for their information only, to inform them of the cost of their health coverage, and does not cause excludable [...]