by Ted
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 ($7,000)
Colorado ($10,000)
Connecticut ($15,000)
Delaware ($10,500)
District of Columbia ($9,000)
Florida ($7,000)
Georgia ($8,500)
Indiana ($7,000)
Kansas ($8,000)
Kentucky ($8,000)
Maine ($12,000)
Maryland ($8,500)
Massachusetts ($14,000)
Michigan ($9,000)
Mississippi ($7,000)
Nebraska ($9,000)
New Hampshire ($8,000)
New [...]
Filed under: Payroll News, State News
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by Ted
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 [...]
Filed under: Payroll News, State News
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by Ted
Complete Article
U.S. restaurants are enduring their toughest time in 17 years as tight credit and falling home prices compel consumers to eat out less or spend less when they do, a National Restaurant Association economist said on Wednesday.
“This is the most challenging environment for restaurant operators since 1991,” Hudson Riehle, NRA chief economist, told Reuters. [...]
Filed under: Restaurant News
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by Ted
From the IRS web site
IR-2008-118, Oct. 16, 2008 - The Internal Revenue Service announced cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009.
Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. In addition, section 415 requires the Commissioner [...]
Filed under: Federal News, Payroll News
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by Ted
Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI) program limits the amount of earnings subject to taxation for a given year. The same annual limit also applies when those earnings are used in a benefit computation. This [...]
Filed under: Federal News, Payroll News
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by Ted
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: 0.4% on residents and [...]
Filed under: PayMaster Software, Payroll News, State News
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by Ted
Full Article in USA Today
Reducing the glut. With way too many restaurants serving far too few customers, at least 1,000 casual dining units will close over the next 12 months — helping to lessen the glut of casual dining spots, says Ron Paul, president at researcher Technomic. “In the eyes of consumers, these restaurants are [...]
Filed under: Restaurant News
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by Ted
FULL Article
Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs - increases that will likely lead to menu changes and price hikes.
Some chains are already adjusting their menus to reflect current high costs for both beef and chicken. CKE [...]
Filed under: Restaurant News
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by Ted
Eatery samples cheap eats
The Yellow Dog Lantern Restaurant has an answer to falling stock prices, the national credit crunch and turmoil in world financial markets. It’s called “the recession menu.” “Even people who have money are scared to spend it right now,” said Janet Clinger, owner. “I just tried to come up with something for [...]
Filed under: Restaurant News
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by Ted
Growth at casual dining chains slows
Casual dining companies, caught between cash-strapped consumers and a tight financing environment, are slashing U.S. expansion plans and some are looking overseas for growth.
While the U.S. economy was booming, casual dining became a frequent indulgence for consumers. But with the country mired in its greatest financial crisis since the Great [...]
Filed under: Restaurant News
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