Check out "A Few Minutes with...Harvey Payton, from Computer Management Services."
http://www.swktech.com/newsletters/swk/10-11/a_few_minutes_with.html
Wednesday, January 26, 2011
Monday, January 17, 2011
Tax Relief Act
The Tax Relief Act of 2010 (TRA 2010) makes a major change in the withholding of social security taxes from employees' wages by reducing the employee share of social security tax from 6.2% to 4.2% for the first $106,800 of wages paid in 2011. The maximum that can be withheld will be $4,485.60, a $2,136 decrease from the 2010 maximum of $6,621.60.
The IRS is asking employers to update their payroll systems as soon as possible, but not later than January 31, 2011. For any social security tax over-withheld during January because of the rate change, employers should make an adjustment in employees' pay as soon as possible, but not later than March 31, 2011.
The benefits that are recorded by the Social Security Administration for employees will be unchanged by this new reduction in rate. It is still unknown if this reduction in rate will be extended past 2011. Tax returns (Form 941/943/944) are expected to be revised, but the IRS has not released any details as of yet.
The IRS released Notice 1036, December 17, 2010, which contains the percentage method tables for federal income tax withholding from wages paid in 2011. Again, the IRS is asking employers to update their payroll systems as soon as possible, but not later than January 31, 2011.
Notice 1036 is posted on the IRS website for further details: http://www.irs.ustreas.gov/newsroom
The IRS is asking employers to update their payroll systems as soon as possible, but not later than January 31, 2011. For any social security tax over-withheld during January because of the rate change, employers should make an adjustment in employees' pay as soon as possible, but not later than March 31, 2011.
The benefits that are recorded by the Social Security Administration for employees will be unchanged by this new reduction in rate. It is still unknown if this reduction in rate will be extended past 2011. Tax returns (Form 941/943/944) are expected to be revised, but the IRS has not released any details as of yet.
The IRS released Notice 1036, December 17, 2010, which contains the percentage method tables for federal income tax withholding from wages paid in 2011. Again, the IRS is asking employers to update their payroll systems as soon as possible, but not later than January 31, 2011.
Notice 1036 is posted on the IRS website for further details: http://www.irs.ustreas.gov/newsroom
Monday, January 3, 2011
Happy 2011
How exciting! It is the start of a New Year. The possibilites and challenges we face for the year ahead are unknown and unlimited as to what you can achieve in 2011. What a great time to make that fresh start and focus on your goals. All of us at CMS wish you the best of everything this year. Health, Happiness and much Success!
Tuesday, December 28, 2010
Sage Summit: Save The Date
Sage Summit is the conference that will bring together the entire Sage community, including customers, partners, product leaders, developers, and more, for a collaborative learning experience. Save the date for Sage Summit 2011 and make plans to attend.
Sage Summit 2011
Gaylord National | Washington, DC
July 10-15, 2011
www.SageSummit.com
SageSummit.com is Updated and Live: The Sage Summit website is live and updated to reflect the 2011 conference agenda. Sage will be making frequent updates to the website so visit often.
Monday, December 13, 2010
Free Year-End Guide
CMS is offering a free Year-End Guide. Contact Nikki Spirito today at 860.399.4215 x.202 or via e-mail at nspirito@cmsct.com. Year-end is fast approaching so get your guide and book your appointment today!
Thursday, December 9, 2010
New LinkedIn Group
We have a new LinkedIn Group at CMS. Please join us today!
http://www.linkedin.com/groupRegistration?gid=3712042
Tuesday, December 7, 2010
Year End
Schedule your appointments today and end the year right! Call Nikki at 860.399.4215 or e-mail her at nspirito@cmsct.com
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