Posts by developer

Make the most of 2011 and gear up for 2012

Posted by on Nov 18, 2011 in Payroll Notes | Comments Off on Make the most of 2011 and gear up for 2012

As the year ends and a new year rapidly approaches, it’s important to remain informed about the changes that affect your business and your employees. It’s a good idea to get an updated list of your employees’ addresses if you mail out W-2 forms.  If you cannot locate a terminated employee’s current address, you must retain their W-2 on file for three years. Employees can contribute up to $16,500.00 to 401(k) and 403(b) retirement plans for 2011.  Employees over the age of fifty can also contribute to a catch up contribution, which is $5,500.00.  Be sure to make your employees aware...

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