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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.
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