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 […]