FUTA Credit Reduction Information for 2013
Employers in 18 states are likely to have Federal Unemployement Tax Act (FUTA) credit reductions for 2013. On a positive note, this is the first time in 4 years it appears no new states are added to the FUTA credit reduction list.
We would like to remind you that an increase in the FUTA Credit Reduction results in more FUTA tax that you must pay at the end of the year. Please start preparing, per the information below, for the possibility of additional FUTA tax liability at the end of 2013 due to these FUTA Credit Reductions.
For more information click here.
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Social Media for Business
7 tips for Getting Started with Social Media for your Business
The growing social media scene has given small business owners yet another way to promote their businesses online for relatively little investment. In fact, time is the most significant cost when it comes to social media. Read Full Article
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New Option to Allow Employees to Opt Out of
Cafeteria Plans
The IRS, in light of the new PPACA healthcare exchange open enrollment period, is now allowing employees to make mid-year healthcare election changes to non-calendar year cafeteria plans provided by employers. Previously, section 125 of the Internal Revenue Code limited changes to cafeteria plan coverage to mid-year if events such as a change in marital status, number of dependents, employment status, residency, or plan eligibility requirements occurred. Read more...
For more information on cafeteria plans from the IRS click here.
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Paytime is growing...
Dustin Small joined the Paytime team as our Vice President of Sales. Dustin comes to us with extensive sales experience and we are thrilled to have him. You can reach Dustin at DSmall@paytime.com |
We extend a warm welcome to Portia Sharp. She has joined our team as an Administrative Assistant. She works with various departments throughout Paytime and is very excited to be here! Portia can be reached at PSharp@paytime.com
|  Sara Nank has joined Paytime as an Implementation Specialist. She is responsible for all aspects of new client set up process. Sara had worked with us in the past as an intern and we are so thrilled to have her back. Her email address is SNank@paytime.com |
Matthew Holub recently joined Paytime. Matt is a Cash Managment Specialist and monitors cash flow. He works with all departments to ensure all liabilities are collected and paid. Welcome Matt! Matt can be reached at MHolub@paytime.com |
We have hired several new staff members to continue to offer our clients the best possible service. If your company is hiring this holiday season, consider using our Background Search service. This is an inexpensive, pay-as-you-go solution that ensures you maintain a safe, functional work environment.
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