CPA Care

Announcing extended CPA Care hours!

Wed, 11 Apr 2012 00:00:00 -0400

Saturday, April 14: 9 a.m. – 12 p.m. EST
Sunday, April 15: 9 a.m. – 12 p.m. EST
Monday, April 16: 8 a.m. – 9 p.m. EST
Tuesday, April 17: 8 a.m. – 5 p.m. EST

Need last minute help with individual tax filings? Email CPACare@paycor.com and they will get back to you right away!

Rights under FLSA for Daylight-Savings Time

Wed, 29 Feb 2012 06:00:00 -0500

On March 11 at 2 a.m, daylight-savings time will have most of the country setting ahead their clocks by one hour. This change can lead to questions about wage payment rights under the Fair Labor Standards Act as many overnight shift employees will lose one hour of work time. The FLSA does not require employers to pay the lost hour to employees who are entitled to overtime wages.

Arizona, Hawaii, American Samoa, Puerto Rico and the U.S. Virgin Islands do not observe the time change.

Need last minute help with your 1120 filings?

Tue, 28 Feb 2012 05:00:00 -0500

Announcing extended CPA Care hours!

You’ll be working late and so will we! Email cpacare@paycor.com and we will get back to you right away!

Extended Hours
Tuesday, March 13: 8 a.m. – 9 p.m. EST
Wednesday, March 14: 8 a.m. – 9 p.m. EST
Thursday, March 15: 8 a.m. – 9 p.m. EST

1120 Online Resource
Also, don’t forget that CPA Care created a convenient 1120 resource to obtain salary and wage information. Here you can request reports and access mutual client lists anytime.

Visit: http://www.paycor.com/cpa/1120

New to Using Custom Web Reporting?

Tue, 28 Feb 2012 04:17:00 -0500

Paycor’s Custom Web Reporting tool makes creating a report simple with its intuitive interface. Search for the data you need by typing in a keyword and select from a menu of options to create your report.

Common Customized Reports:

401(k)
Workers’ Compensation
Check Detail
Total Employee and Employer taxes
Labor Allocation

The best part is that you can export the information in various file formats, including Excel. For more information about this product, visit the product page.

H-2B Final Rule

Tue, 28 Feb 2012 04:05:00 -0500

New regulations were announced by the Department of Labor, effective on April 23, 2012, to improve the H-2B temporary non-agricultural worker program. The final rule intends to make more jobs available to United States workers as well as strengthen worker protections. The Department also published the method for calculating the prevailing wages to be paid to H-2B workers and U.S. workers recruited in connection with a temporary labor certification. This method applies for wages paid for all work performed on or after January 1, 2012.

For more information on the H-2B Final Rule, visit http://www.foreignlaborcert.doleta.gov/h-2b.cfm.

Payroll Tax Holiday Extended Through 2012

Tue, 28 Feb 2012 04:04:00 -0500

On February 22, the president signed the Middle Class Tax Relief and Job Creation Act of 2012 to extend the payroll tax holiday for employees through the end of 2012. The two percent recapture tax provision for high-income employees is repealed and does not apply.

The payroll tax holiday extension ensures that the employee social security rate will remain at 4.2% through December 31, 2012. We have updated our processing to reflect the tax rate remaining at 4.2% for remainder of this year.

The IRS has released revised Form 941 allowing employers to properly report the tax cut. The IRS will re-release the 2012 W-2 and W-3 instructions within the next week. Paycor will continue to closely monitor the payroll tax holiday legislation and will relay updates as we approach 2013.

5 Tips for Effectively Using your HR Metrics

Mon, 27 Feb 2012 09:11:00 -0500

With today’s technology, it is becoming increasingly important to measure and analyze the value of your employees. Business intelligence allows your company to use fact based decision making when it comes to development and management of your human resources. We have outlined some measurement best practices and key properties of successful metrics.

It is important to be selective and deliberate about what you measure and report on, or else you will spend your time focusing on measuring trends that may not have an impact on key decisions. Here are five rules to keep in mind:

Keep your metrics focused. If your business is reporting on everything, you often lose sight of the key performance indicators. Determine the key drivers in your business to focus on measuring what will truly tell the story of what is happening with your employees.
Align reports with your strategic goals. Be deliberate about matching your analysis with your business goals. It is important to show progress and to identify problem areas early, so they can be corrected.
Use metrics to drive executive action. The goal of reporting on key metrics is to compel the executive team to take action on areas of the business that may need attention and improvement. Be sure to clearly show how your employees are developing and becoming more efficient.
Ensure your supporting data is available and accurate. Before outlining your key performance indicators, double-check that you are able to access the required information and verify that you are reporting accurate data.
Share your reports to make them actionable. To make your reports actionable and easy to reference, put them in a place where the key stakeholders can easily view them.

These guidelines are a great way to start making your data analysis actionable and keeping your business on track towards its strategic initiatives. Paycor offers tools that can help you organize and interpret your human resources and help you reach your business goals. Take a look at our payroll, HRIS and advanced reporting solutions.

What’s New for 2012?

Tue, 31 Jan 2012 09:51:00 -0500

The employee tax rate for social security is 4.2% on wages paid and tips received before March 1, 2012. The employee tax rate for social security increases to 6.2% on wages paid and tips received after February 29, 2012; the employer tax rate remains unchanged at 6.2%.

The Medicare tax rate is 1.45% for both the employee and employer, remaining unchanged from 2011.

The FUTA tax rate is 6.0% for 2012.

The 2012 amount for one withholding allowance on an annual basis is $3,800.

Employers must use new Form 8822-B, Change of Address—Business, for any address change.

The Vow to Hire Heroes Act of 2011 is a new law which provides an expanded work opportunity tax credit to businesses that hire eligible, unemployed veterans.

Save Time with Paycor's Custom Web Reporting

Tue, 31 Jan 2012 09:26:00 -0500

Paycor has developed a product with you in mind. It is a simple and powerful tool that combines all of your Paycor clients’ payroll reports in one place and allows you to create customized reports in the format you like to use.

Access to Information for all of your Clients
This time-saving feature allows you to create one report template and pick which clients you would like to view the report for. Reports can be customized to view any information you or your clients will need from their payroll.

Create Fiscal Year Reports
Custom Web Reporting allows you to pick any customized date range to run a report. This means you can easily create reports for clients whose fiscal year is different than the calendar year. This function also makes report creation for auditing purposes much easier.

Export Information into Excel Format
Once reports are created they can be exported into various electronic file formats, including Excel, PDF, or HTML. This gives you the flexibility to make additions to reports as well as send reports to other users.

For more information about this product, visit the Custom Web Reporting page or contact your Account Manager.

Payroll & Tax Deduction Guide

Mon, 30 Jan 2012 09:23:00 -0500

We understand that payroll and tax deductions can be a complicated subject, so we created this simple, fun infographic with your clients in mind. An infographic is a creative way to share information in a clear and comprehensible way. Giving you this resource to share with your clients is another way we make your job easier.

Check out the complete payroll and tax deductions infographic.