One of the Houston Chapter's goals is to keep our members up to date on the latest regulations.
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HIRE
How does the HIRE Act impact your payroll tax deposits and reporting.
The President signed the Hiring Incentives to Restore Employment (HIRE) Act on March 18 program to reward employers for hiring individuals between February 4 and December 31, 2010 who have been unemployed for two months or longer and who meet other criteria. The initial incentive for qualified hires is forgiveness in 2010 of the employer portion of social security tax, or 6.2% of the first $106,800 in wages paid. In addition, there is a tax credit of up to $1000 in 2011 for those employees who are retained for one year and meet an earnings test.
Provisions of the HIRE Act that will impact employers include:
Payroll Tax Exemption
Social Security Tax Exemption
Business Tax Credit for New Employees
Health Care Reform Impacts Payroll!
The landmark Health Care Reform has become law and now it must be implemented. Find out during APA's webinar how your payroll and benefit processes and procedures will be changed by this legislation. Includes the new Medicare surtax on high income individuals, the changes to medical flexible spending accounts, expanded 1099-MISC reporting and much more!
GI Bill Education Benefits
You can use your GI Bill benefits to prepare for a career in payroll!
Avg. starting salary $34,354 for APA certified Payroll Practitioners
Avg. starting salary $55,432 for APA certified Payroll Supervisors
Avg. starting salary $58,150 for APA certified Payroll Systems Analysts
Congress to Address Random Employment Tax Audits, Stimulus Impact, and Other Legislative Info
Douglas Shulman, Commissioner of the Internal Revenue Service, and Mark Eichorn, Assistant Director of the Federal Trade Commission's Division of Privacy & Identity Protection, will speak during general sessions at the 28th Annual Congress May 25-29 in Washington, D.C. Among the topics on the agenda are random employment tax audits under the IRS's National Research Program, substantiation and taxation of employer-provided cell phones, and much more.
