South Dakota Minimum Wage Increases to $10.80 per hour effective 1/1/2023
South Dakota Minimum Wage Increases to $10.80 per hour effective 1/1/2023 https://dlr.sd.gov/employment_laws/minimum_wage.aspx
December 17, 2022 No Comments
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How to Gross-up Payroll Wages
From Patriot Software’s blog: If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes
September 4, 2022 No Comments
2022 SD UI/RA, IF, AF rates & wage limits (wage base)
Paid by South Dakota employers:Unemployment/Reemployment Assistance Tax Rate: varies 0% – 9.45% (based on reserve account). Max. taxable earnings (wage base): $15,000.Investment Fee: varies 0%
November 29, 2021 No Comments
2022 CA SDI, UI, ETT rates & wage limits
Paid by employee:CA State Disability Rate: 1.10%. Max. taxable earnings: $145,600. Paid by employer:CA Unemployment Tax Rate: 1.5%-3.4%. Max. taxable earnings: $7,000.CA Employers Training Tax:
November 29, 2021 No Comments
2022 FICA tax rates and wage limits (wage base)
Social Security (OASDI) Rate: 6.2%. Maximum taxable earnings: $147,000Rate is the same as 2020. Taxable earnings increased from $137,700 in 2020) Medicare Rate (HI): 1.45%.
November 29, 2021 No Comments
PPP Loan application deadline extended to May 31, 2021
President Biden on Tuesday signed an extension for the popular Paycheck Protection Program (PPP), which was created last year to help small businesses weather the
March 31, 2021 No Comments
New PPP guidance issued by SBA, Treasury – Payroll Protection Program round 2
The U.S. Small Business Administration (SBA) and Treasury issued guidance late Wednesday night for the reconstituted Paycheck Protection Program (PPP). The guidance came in the
January 7, 2021 No Comments
2021 Retirement Plan Contribution Limits
401(k) Employee deferral remains at $19,500. 401(k) Catch-up (age 50 yrs and older) remains at $6,500.401(k) max limit employee + employer (age 49 and younger)
December 16, 2020 No Comments
2021 FICA tax rates and wage limits (wage base)
Social Security Rate: 6.2%. Maximum taxable earnings: $142,800 Rate is the same as 2020. Taxable earnings increased from $137,700 in 2020) Medicare Rate: 1.45%. Max
December 16, 2020 No Comments
South Dakota Minimum Wage increase effective 1/1/21
Effective January 1, 2021, South Dakota’s minimum wage will increase to $9.45 per hour. The minimum base wage for tipped employees will increase to $4.73
December 16, 2020 No Comments
View your paychecks and W-2s in QuickBooks Workforce
Learn how to see your paychecks, W-2s, and personal info in Workforce. Once your employer has invited you to QuickBooks Workforce and you’ve set up your account,
December 3, 2020 No Comments
IR FAQ – Deferral of employment tax deposits and payments through December 31, 2020
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security
August 15, 2020 No Comments
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