Register free!

The Green Industry's Resource Center

Thread Tools   Display Modes
Prev Previous Post   Next Post Next
Old 01-02-2013, 12:06 PM
ELS Landscape's Avatar
ELS Landscape ELS Landscape is offline
LawnSite Senior Member
Join Date: Aug 2012
Location: Grand Prairie, Texas
Posts: 694
FICA - Quick Update

Just cut the first payroll of the year.

If you have not heard but in the so called fiscal cliff deal they let the 2% FICA cut expire. This means you have to withhold the full 6.2% from the employee check. The amount the company have to pay has not changed. This also means the SE tax is up 2% as well.

Quickbooks is on this already. Checks cut payroll and bonus checks last week were different than those cut today.

Happy New Year.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012,™ - Moose River Media
All times are GMT -4. The time now is 05:44 AM.

Page generated in 0.06144 seconds with 8 queries