Tuesday, January 25, 2011
Monday, January 17, 2011
Wednesday, January 12, 2011
Tuesday, January 4, 2011
Making Decisions About Benefits?
Simons Bitzer & Associates is pleased to be hosting an informative presentation by Charo Boyd, Public Affairs Specialist for the Social Security Administration.
Date: January 13th, 2011
Time: 1:00-2:00
Location: 8350 South Emerson Avenue, Suite 100
There is no fee to attend and refreshments will be served.
During this workshop, Ms. Boyd will address the following topics:
Choices regarding when to begin receiving benefits
Spousal/Survivor benefits
Eligibility rules regarding Full Retirement Benefits
Charo N. Boyd is responsible for informing the public about SSA programs and benefits. She is often the guest speaker for retirement and disability seminars. She has also trained HR Managers, Financial Planners, Tax Preparers, Social Workers, Case Managers, Disability Advocates, and Attorneys on various SSA topics.
We are so pleased to have her presenting at our firm next Thursday. If you or someone you know would like to attend, please respond to Raegan Potter at (317) 782-3070 or rpotter@simonsbitzer.com.
Date: January 13th, 2011
Time: 1:00-2:00
Location: 8350 South Emerson Avenue, Suite 100
There is no fee to attend and refreshments will be served.
During this workshop, Ms. Boyd will address the following topics:
Choices regarding when to begin receiving benefits
Spousal/Survivor benefits
Eligibility rules regarding Full Retirement Benefits
Charo N. Boyd is responsible for informing the public about SSA programs and benefits. She is often the guest speaker for retirement and disability seminars. She has also trained HR Managers, Financial Planners, Tax Preparers, Social Workers, Case Managers, Disability Advocates, and Attorneys on various SSA topics.
We are so pleased to have her presenting at our firm next Thursday. If you or someone you know would like to attend, please respond to Raegan Potter at (317) 782-3070 or rpotter@simonsbitzer.com.
Monday, January 3, 2011
FUTA and SUTA Increases
The IRS announced a reduction in the 2010 FUTA (Federal Unemployment Tax Act) credit for three states: Michigan, South Carolina, and Indiana. This is a result of unpaid federal loans by these states. The Social Security Act requires a reduction in the FUTA tax credit when a state has outstanding federal loans for two consecutive Januaries. This reduction means an overall increase in the FUTA taxes for these states.
Employers are required to pay a flat rate of 6.2% on the first $7,000 of each employee's annual wages. Employers can receive a credit of 5.4% for paying state unemployment on time. The reduction in the FUTA tax credit is .3% for the first year and an additional .3% for each succeeding year until the loan is repaid.
Indiana: An additional $21 per employee ($7,000 x .3% = $21) the first year.
The FUTA credit reduction will become elective retroactive to January 1, 2010 and will be due on federal IRS Form 940 by January 31, 2011.
Also note that the SUTA tax is based on the first $9,500 in wages beginning January 1, 2011.
With questions or for additional information, please contact a tax specialist from Simons Bitzer at (317) 782-3070 or visit us on the web at www.SimonsBitzer.com.
Employers are required to pay a flat rate of 6.2% on the first $7,000 of each employee's annual wages. Employers can receive a credit of 5.4% for paying state unemployment on time. The reduction in the FUTA tax credit is .3% for the first year and an additional .3% for each succeeding year until the loan is repaid.
Indiana: An additional $21 per employee ($7,000 x .3% = $21) the first year.
The FUTA credit reduction will become elective retroactive to January 1, 2010 and will be due on federal IRS Form 940 by January 31, 2011.
Also note that the SUTA tax is based on the first $9,500 in wages beginning January 1, 2011.
With questions or for additional information, please contact a tax specialist from Simons Bitzer at (317) 782-3070 or visit us on the web at www.SimonsBitzer.com.
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