Employers are still required to report to the federal government and their employees their healthcare standing on the new 1094 and 1095 forms, but the deadline for doing so has been extended, the Treasury Department and IRS announced over the holiday.
Payroll Software Tax Updates
Keep yourself up-to-date with changing tax laws with quarterly updates. Updates on federal regulations and the states’ unique tax rules.
Taxes are stressful enough. Working with COATS makes tax time much easier.
We’re doing a retrospective of our top 7 blog posts of all time, as chosen by you, the unique visitors. In at #6 is “Document Retention Policies Are Not Just for Large Companies.”
“Mag media,” or, as the rest of us call it, filing your state and federal taxes electronically is one of the business marvels of the electronic age. But because of the whole “50 states, and they’ve each gotta do it differently” issue, it can get a little tricky.
Four times a year, chances are you’re legally required to report your payroll information to federal and state governments. Fortunately, COATS Staffing Software has a function for this: the Quarterly Cycle Report.
When you’re plugging a new employee into COATS, there’s lots of data to enter. But there’s also tax information to be considered, and depending on the details, that could be a lot of information.
Every new version of COATS includes lots of tax updates, because let’s face it: states keep changing their tax laws, and there’s 50 of ’em!
In which we welcome you to Tax Month, and provide a fantastic write-up of the Supreme Court health-care reform case from John of Essential StaffCARE.
The year isn’t even a week old, and already there’s a lot of new stuff to keep up with. So we’ve gathered some of the important news that will affect your business in 2012 in one handy location.
In “wacky fun with Congress” news, the 2-percent payroll tax cut for employees has been extended through the end of February. Employees will have their Social Security tax withholding rate reduced from 6.2 percent to 4.2 percent of wages paid through Feb. 29, 2012.
There may be almost 2 weeks left before Christmas… but that means that year-end is only 3 weeks away! Eeeee! Are you prepared for the frenzy, the filing—the paperwork?
Earlier this week, many of you probably received news of changes in FUTA rates from the American Staffing Association, via Staffing Weekly. COATSsql is prepared for the lowered FUTA credit changes.
The continuing high rates of unemployment have strained most states’ unemployment insurance trust funds. ProPublica.org reports that 30 states have insolvent funds and are borrowing from the federal government; the American Staffing Association puts the number of states with insolvent funds closer to 35.