Payroll Tax Cut Extended …for 2 Months

Looks like the Idiots in DC have extended the social security payroll tax cut for a period of two months! Thus employee's social security tax rate will remain at 4.2% until Feb. 29, 2012. The employer's share will remain at 6.2%. The $33 billion package also provides extended federal unemployment benefits for two months, avoids a [...]

By | December 23rd, 2011|News|Comments Off on Payroll Tax Cut Extended …for 2 Months

Payroll Tax Cut to Expire…for now.

The House yesterday rejected the Senate's proposed 2 month extension of the 2% reduction in the employee's share of their social security taxes. According to press reports, the House passed a bill which, while not perfect, would at least prevent the looming tax hike for all working Americans, extend additional unemployment benefits and prevent cuts to Medicare [...]

By | December 21st, 2011|News|Comments Off on Payroll Tax Cut to Expire…for now.

NLRB Approves Union Voting Change

The National Labor Relations Board on Wednesday adopted a rule that will speed union-organizing elections in private-sector workplaces, ushering in some of the biggest procedural changes in decades and scoring a win for unions that say scheduling a vote often takes too long. The board's two Democrats approved the rule through electronic voting, while the [...]

By | December 21st, 2011|News|Comments Off on NLRB Approves Union Voting Change

IRS Announces 2012 Mileage Rates

The IRS announced that the 2012 business mileage rate remains 55.5 cents for business miles driven, the same as the adjusted midyear rate in 2011. Starting Jan. 1, 2012, the rate for medical or moving purposes will be 23 cents and the rate for miles driven in service of charitable organizations will be 14 cents [...]

By | December 13th, 2011|News|Comments Off on IRS Announces 2012 Mileage Rates