Flexi Announces its Payroll and HR Solution Partnership with Optimum Solutions provides payroll, HR and time & attendance to Flexi’s customers. NAPLES, Fla./March 25, 2010— Flexi Software, a provider of best-of-breed, back office accounting software solutions, targeted to banking, insurance and financial service industries, announced today its strategic partnership with Optimum Solutions, a provider of [...]
The Making Work Pay provision of the American Recovery and Reinvestment Act (ARRA) provides a refundable tax credit of up to $400 for working individuals and up to $800 for married taxpayers filing joint returns. The credit is being distributed through reduced withholding. The federal tax tables were reduced for single income tax filers making [...]
So, you’ve heard that there have been changes to your 941 form, but just what are those changes exactly? Well, here’s a brief rundown. The American Recovery and Reinvestment Act of 2009 (the Recovery Act, P.L. 111-5) offers a 65% COBRA premium subsidy for up to 9 months to workers who were terminated involuntarily between [...]
If your company administers a federal COBRA subsidy program, the IRS has announced a February 17 deadline for notifying COBRA assistance-eligible employees/dependents that the subsidy program has been extended. In addition to the extension, there are also new regulations: Employees who are involuntarily terminated from employment between September 1, 2008 and February 28, 2010 due [...]
As of February 1st employers must post a summary of the previous year totals of job-related injuries and illnesses. Only the summary (OSHA Form 300A) is required. Employers should list the total number of incidents occurring in 2009 that were logged on the 300 form. Employers must also post the annual average number of employees [...]
On December 19, President Obama signed into law the Department of Defense (DOD) Appropriations Act, 2010, extending the COBRA premium subsidy that was enacted under ARRA through February 28, 2010. With this new act, employer will have to notify their COBRA employees and any newly involuntary terminated employees of this extension and could have to [...]
For the calendar years 2009 and 2009 the IRS is allowing the masking of a Payee’s TIN, SSN, and IRS ITIN for 1099 paper filers. This is a pilot program and the notice of this program can be located at www.irs.gov/pub/irs-drop/n-09-93.pdf. The allows the filer to print only the last 4 digits of the payee [...]
Beginning in 2010 military spouses may be allowed an exemption from the New York State personal income tax withholding under the Servicemembers Civil Relief Act (SCRA). If the spouse is in the state solely to be with a service member to comply with military orders, they will need to complete a Form IT-2104-E, Certificate of [...]
For employees in California who have spouses in the Military may be able to exclude wages from their personal income tax if the spouse is not a resident of the jurisdiction where the income is earned. This became effective in 2009 when the Military Spouses Residency Relief Act was signed. Employee’s who qualify for this [...]
The Form 940 has been released for Tax year 2009 and may be located on the IRS website.