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Home News Payroll Tax Cut Means More $ in Your Pocket
The News
Payroll Tax Cut Means More $ in Your Pocket
News - Latest
December 17 2010 00:00

For one year The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 provides a two percent payroll tax cut for employees.   The amount withheld for Social Security will be reduced from 6.2 percent to 4.2 percent for individuals and must be implemented in employee paychecks no later than January 31.   If the new withholding rate is not implemented by the employers’ first payroll processing in January, employers must make an offsetting adjustment in the employees' pay no later than the end of the first calendar quarter.

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Newsflash

With all the press over the recent COBRA changes, Execupay has jumped to the opportunity of bring our clients an array of robust COBRA offerings.

COBRA Credit Processing
As assumed we can easily handle processing COBRA credits on quarterly 941 returns. But many employers do not want to wait for their refunds, so we have provided an easy yet comprehensive way to record, track and apply COBRA credits to per payroll 941 payments.

COBRA Management
We have added a new module to PlatinumHR for employers to track and manage all aspects of their COBRA process. It automates workflow and notifications, while maintaining all required documentation rules. 

COBRA Services
Execupay has formed a partnership with DataPath to provide integrated full COBRA Services to Execupay Licensees.