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Recent Payroll Tax Changes
Social Security withholding changes The government has increased the employee’s social security withholding rate to 6.2% as of January 1, 2013 (previously 4.2% for 2011 and 2012). The employer’s...
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Year-End Payroll Tax Reminders
940 FUTA Unemployment tax and Ohio Credit Reduction In 2013, several states have remained on the list, including Ohio. A “credit reduction state” is a state that has borrowed money from the federal...
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2015 Year-End Payroll Tax Highlights & Updates
940 FUTA Unemployment Tax The 2015 FUTA rate remains at 0.6%. This rate includes the 5.4% credit for State Unemployment paid. There are still credit reduction states published by the IRS and listed on...
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