by Kristin Tutino | Feb 21, 2022 | Uncategorized
The 2022 tax season is in full swing for filing 2021 tax year returns, but millions of tax returns from last year are still unprocessed. Facing criticism from lawmakers and tax professionals about this, the IRS recently announced it has temporarily stopped sending out...
by Kristin Tutino | Dec 8, 2021 | News and Information, Payroll Issues
2022 Payroll Tax & Contribution Limits below are updated tax facts for 2022 to reference for planning your year. Social Security tax The Social Security tax rate in 2022 is unchanged from the year before – remaining 6.2% for employers and employees....
by Kristin Tutino | Dec 30, 2020 | News and Information, Payroll Issues
The skinny on the second round of Payroll Protection Plan loans The new $900 billion economic COVID-19 relief and stimulus package that President Donald Trump signed into law last Sunday includes another $284 billion in loans for small businesses in need. The U.S....
by Kristin Tutino | Dec 15, 2020 | News and Information, Payroll Issues
2021 Updated Payroll Tax Facts below are updated tax facts for 2021 to reference for planning your year. Employee Taxes Tax Type Percentage Wage Base Max Tax OASDI 6.20% $142,800 $8,853.60 Medicare 1.45% Unlimited Unlimited Federal W/H Based on W-4 Subject to...
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