Payroll Wage, Contribution Limits for 2013

Need to know what the payroll related tax limits, mileage rates, etc are for 2013. Here you go..... Payroll Taxes  Social Security wage base:   6.2% of the first $113,700 in wages Medicare tax:  1.45% on the first $200,000 in wages ($250,000 married),  2.35% on all addition wages. FUTA Tax Rate:  .6% of first $7,000 [...]

By | January 24th, 2013|News|Comments Off on Payroll Wage, Contribution Limits for 2013

Time & Pay Ready Since Jan 4 for New Tax Rates

January Paychecks Reflect New Tax Tables. While the politicians may have taken their time deciding the tax rates for 2013, we just wanted to let you know that by Jan 4, 2013, Time & Pay's systems were updated to account for the new tax rates for 2013 based on the policy passed in Washington on [...]

By | January 15th, 2013|News|Comments Off on Time & Pay Ready Since Jan 4 for New Tax Rates

2013 Brings New Tax Rates

...But the general mass (hysteria) media is full of misinformation. Now that falling off the "Fiscal Cliff"  has been delayed and Washington has come up with new tax rates for 2013 and beyond, we all need to take a deep breath, and check the facts regarding those new tax rates...especially the media. There is so [...]

By | January 11th, 2013|News|Comments Off on 2013 Brings New Tax Rates