Tax Withholding Guidance for 2013

The Society for Human Resource Management (SHRM) provided this update on January 8, 2013: The IRS released the updated income tax withholding tables on Jan. 3, 2013 reflecting the new changes to the tax code approved by Congress on New Year’s Day. The updated tax...

Payroll Tax Cut Extended to the End of 2012

The IRS issued this statement on February 23, 2012 regarding the Payroll Tax Extension: “WASHINGTON — The Internal Revenue Service today released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160...

Payroll Tax Cut Temporarily Extended into 2012

On December 23, 2011, the IRS announced that the Social Security payroll tax cuts, enacted at the beginning of 2011, would be temporarily extended into 2012. Read the entire news release: WASHINGTON — Nearly 160 million workers will benefit from the extension of the...