 |
Payroll Newspaymaster-pro.com |
Seven states announcing minimum wage increases for Jan. 1, 2009. Arizona will increase from $6.90 to $7.25 per hour. Colorado will increase from $7.02 to $7.28 per hour. Missouri will increase to $7.05 per hour. Tipped employees will increase to $3.525 per hour. Ohio will increase to $7.30 and $3.65 for tipped employees. Oregon will […]
(Washington, DC) – The District of Columbia income tax withholding tables and formulas have been changed to reflect the increases in the personal exemption and standard deduction. Employers must make use of the new tables and formulas for wages paid on or after January 1, 2009. Income Tax Withholding Tables* Changes in Exemption and Standard Deduction […]
All customers who have a current support contract are entitled to receive the End of Year update and the 2009 tax tables. Please contact support before printing your 2008 W2s and before running your first 2009 payroll. Besides the 2008 W2 module, the EOY of update is a rollup of all the fixes, optimizations, and […]
Michigan’s tax rate remains the same at 4.35% but the Personal Exemption Amount has increased to $3,600. From the michigan.gov web site. The 2009 exemption amount is $3,600 per year times the number of personal and dependency exemptions allowed under the IRC. An employee may not claim more exemptions on the MI-W4 than can be […]
The State Disability Insurance (SDI) withholding rate for 2009 is 1.1 percent up from 0.8 percent. The taxable wage limit is $90,669 for each employee per calendar year. The maximum to withhold for each employee is $997.36. From CA EDD web site
States face unemployment cash crisis Job losses mount: 1.2 million in ’08 State unemployment insurance trust funds are rapidly running out of money amid soaring job losses. This is prompting state officials to consider raising employer taxes or curtailing benefits, while forcing them to borrow from the federal government to cover claims. “Some states didn’t […]
Three states have made public their 2009 Withholding Tax Tables. California and Minnesota have both inflation adjusted their tax tables. Nothing too exciting here. New Mexico actually has lowered the top rate to 4.9% from 5.3% for single taxpayers making over 18050 and married taxpayers making over 31750. PayMaster Hospitality will update these and the […]
States increasing their taxable wage bases in 2009: Idaho ($33,200) Illinois ($12,300) Iowa ($23,700) Minnesota ($26,000) Missouri ($12,500) Montana ($25,100) Nevada ($26,600) New Jersey ($28,900) New Mexico ($20,900) North Dakota ($23,700) Oklahoma ($14,200) South Dakota ($9,500) Washington ($35,700) Wisconsin ($12,000) Wyoming ($21,500). States with no change in 2009: Alabama ($8,000) Arizona ($7,000) Arkansas ($10,000) California […]
From the Wisconsin UI Employer Update Beginning in 2009, each employer will pay unemployment taxes on the first $12,000 of wages paid to each employee annually. This “taxable wage base” will increase to $13,000 in 2011 and $14,000 in 2013. Decreased basic tax rates and increased the solvency tax rates by the same amount. Required […]
The Indiana Department of Revenue has revised some of its county income tax rate tables The following counties have changed their income tax rates, effective Oct. 1, 2008. (1) Carroll:1.15% on residents and 0.4% on nonresidents (2) Huntington:1.6% on residents and 0.5% on nonresidents (3) Miami: 2.54% on residents and 0.965% on nonresidents (4) Posey: […]