We are rapidly approaching the end of 1st Quarter 2014. The last day of processing for this quarter will be Monday, March 31, 2014. If you have any adjustments that need to be included in this quarter, please submit them to your Account Manager no later than 1:00pm on the 31st. Adjustments may include manual checks written by you, or any checks you may have voided. For our Clients who have "APPLIED FOR" State and/or Unemployment ID numbers, please send them in as soon as you receive them. A $25 charge will be assessed for each missing tax ID number. [...]

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 staring at a calculator cuts down on the time an owner can spend investing work into their business. Small [...]

  The safety of our team is our number one priority. Therefore, our physical office is closed today due to inclement weather. But not to worry, our dedicated team is set-up to help you remotely. If you need us today, please send an email to payroll@directpaypayroll.com      

The year-end cutoff date for you to report changes for 2013 is December 31, 2013 at 1:00 p.m., or the day a payroll with a January 2014 check date is processed, whichever is earlier.  We recommend that you run any adjustments with a payroll to ensure that the taxes are withheld correctly.  Please remind your accountant to report payroll adjustments no later than your cut-off date. If payroll adjustments are necessary after the year-end cutoff date, we can rerun your tax returns.  However, there will be an additional charge and a processing delay.  Depending on when you report the change, [...]

Important Notice New NC-4 Required for Payments Beginning January 1, 2014 As a result of the recent tax reform package, all employees and recipients of pension or annuity payments must complete a new withholding allowance certificate. The new form must be completed so the correct amount of State income tax is withheld for any payment periods beginning on or after January 1, 2014. The North Carolina Department of Revenue recently mailed a notification packet to over 239,000 employers and pension payers.  This information (including copies of all forms) is now available on the NCDOR's website at http://www.dornc.com/press/2013/nc4requirement.html For technical assistance, [...]

The IRS has released this year's list of states that have defaulted on their 2013 Federal Unemployment Insurance (UI) Loans causing employers in these states to owe additional FUTA tax for the tax year 2013. The following are the FUTA tax rate increases for each affected state: 1.2 percent:  Indiana 0.9 percent:  Arkansas, California, Connecticut, Georgia, Kentucky, Missouri, New York, North Carolina, Ohio, Rhode Island and Wisconsin 0.6 percent:  Delaware The rates above will be applied to the 1st $7,000.00 that each FUTA taxable employee earned for the tax year 2013 and is due with the employer's Federal Form 940 [...]