Will the Tax Tables change again this year?

by Ted

Obama’s paycheck bonus You might not get a raise next year. But if the economic stimulus ideas being floated are any indication, you might get more money on payday anyway. NEW YORK (CNNMoney.com) — For many cash-strapped workers, Barack Obama’s plan to stimulate the economy could mean more take-home money in their paychecks. While details […]

2009 Publication 15 released

by Ted

The IRS has released Publication 15 (Circular E) Employer’s Tax Guide for 2009. http://www.irs.gov/pub/irs-pdf/p15.pdf

Minimum wage updates for Jan 1,2009

by Ted

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 […]

2009 District of Columbia Income Tax Withholding Tables

by Ted

(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 […]

Web based help files updated.

by Ted

In anticipation of the 2009 tax tables being released, we have updated the corresponding help file to help you with this procedure. You can access this by going to the Help/Web Based Manual and navigating to the Utilities/Apply SQL Patches topic or visit the direct link to http://paymaster-pro.com/htmlhelp/topics/ApplySQLPatches.html

PayMaster EOY update available

by Ted

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 […]

Starbucks effect still in play even though economy is down

by Ted

Washington Post As disposable incomes shrink and savings plummet, residents across the region say there are still some luxuries they won’t let go of, no matter how bad it gets. They might be clipping coupons, joining warehouse clubs and carpooling, but they’re still willing to spend their hard-earned cash on one non-negotiable something — be […]

End of Life on Time America Products

by Ted

Subject: Discontinuance of repairs on “End of life” products Due to the lack of availability on repair parts, effective immediately NO RMA’s will be issued on the following products. This includes blown security TA520LB TA520MB All TA530 Models All TA620 Version 5 Models

Social Security issues guidance on the 2008 W2 season.

by Ted

Social Security Critical Links Update Your Payroll Records – Ask employees to verify their name and SSN before you close out your books and prepare Forms W-2. If a name has changed, continue to use the old name and tell the employee to contact Social Security to obtain an updated card. Using a new name […]

IRS Releases Advance Copies of 2009 Withholding Tables

by Ted

IRS Releases Advance Copies of 2009 Withholding Tables and EIC tables. The tables are effective for wages paid in 2009. The withholding allowance amount has increased for 2009 up to $3650. The IRS has also issued the percentage method tables for determining advance earned income credit amounts. The wage-bracket tables for withheld federal income tax […]