December 2010 Archive
CPA Care Categories
Recent Posts to CPA Care
- Deadline Announced for Affordable Care Act Exchange Notices
- 5 Tips for Effectively Using Your HR Metrics
- Why Time Tracking is Critical for Affordable Care Act Compliance
- Paycor’s Employer Guide to Health Care Reform Released
- Employee Legal Action on the Rise: Are You Prepared?
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Elimination of Federal Tax Deposit Coupons
Effective January 1, 2011 banks will no longer accept federal tax deposit coupons. Deposits must be made through the Electronic Federal Tax Payment System.
Contact your Account Manager or CPA Care Advocate... Read More
2011 Minimum Wage Increases
Arizona
$7.35
Colorado
$7.36
Montana
$7.35
Ohio
$7.40*
Oregon
$8.50
Vermont
$8.15
Washington
$8.67
Social Security Tax Exemption Ended December 31, 2010
Employers who hired unemployed workers in 2010 after February 3 could have qualified for a 6.2 percent payroll tax incentive, exempting the employer share of Social Security taxes on wages paid... Read More
Mileage Rate Changes for 2011
The federal mileage rates for 2011 for the use of a car (also vans, pickups or panel trucks) will be:
- 51 cents per mile for business miles driven
- 19 cents per mile driven for medical or moving purposes
- 14 cents per... Read More
Reporting Section 125 Employee Elected Contributions on W-2
Box 12, Code W will include amounts the employee elected to contribute using a section 125 (cafeteria) plan. The employer and employee portion appear under Code W.
Things I’ve Learned… (and am still learning).
By Bob Coughlin, CEO Paycor
Quick Tip: Reach for your dreams and help your clients reach for theirs.
It’s that time again when we set our New Years’ resolutions. Of course, it’s easy to be cynical... Read More
For nonprofits, every penny matters!
Let Paycor help you account for them.
Paycor gives you control and flexibility.
As a CPA who supports clients in the nonprofit sector, you know at the end of the day every penny must be accounted for. That’s why... Read More
Longer Tax Season: Forms 1040 and and 4868 due April 18, 2011
The IRS announced that the 2010 individual federal income tax returns are due Monday, April 18, 2011, instead of April 15. On April 15, Washington D.C. will celebrate the District of Columbia... Read More
President Signs Tax Bill into Law
President Obama signed into law the Tax Relief,Unemployment Insurance Reauthorization and Job Creation Act of 2010 on December 17, 2010. This legislation will take effect January 1, 2011.
Here are some key aspects... Read More
Legislative Extension of Bush Tax Cuts
The Senate and House have approved the following three pieces of legislation: The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. With President Obama’s signature expected in the near future,... Read More