Georgia issues 2019 withholding tables

Georgia has issued new wage-bracket and percentage method withholding tables for wages paid on and after January 1, 2019. All of the tables are reproduced in in this Report at ¶5818 and ¶5819. Effective January 1, 2019, the maximum Georgia rate, including the one used in the supplemental wage rates, has been reduced to 5.75%. […]

Spencer’s Benefits NetNews — November 16, 2018

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe Resources Online Store Customer […]

North Carolina adds counties eligible for hurricane tax relief

The North Carolina Department of Revenue advises taxpayers that three additional counties have been designated as Disaster Counties eligible for state tax relief as a result of Hurricane Florence. The complete list of counties includes Anson, Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Durham, Greene, Guilford, Harnett, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, […]

IRS updates process for liability determination, FUTA control

The IRS has updated its procedures that provide information on business master file (BMF) accounts with discrepancy issues related to the Federal Unemployment Tax Act (FUTA). This guidance describes clerical procedures regarding unemployment taxes. This guidance applies to the FUTA clerical staff in the Small Business Self Employed site. The FUTA provides for cooperation between […]

North Carolina voters approve new rate limit

North Carolina voters approved a ballot measure that reduces the corporate and personal income tax rate limit set in the state constitution. The constitutional amendment reduces the income tax rate limit from 10% to 7%. It does not reduce the current tax rates of: 3% for corporate income taxpayers; and 5.499% for individual income taxpayers. […]

Pension & Benefits NetNews – November 13, 2018

  NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management. Links […]

SSA’s official COLA notice appears in Federal Register

The Social Security Administration’s official announcement that there will be a 2.8% cost-of-living adjustment for social security beneficiaries in 2019 was published in the Wednesday, October 24, 2018, Federal Register (83 Fed. Reg. 53702). The $132,900 tax and benefit base, retirement earnings test exempt amounts, benefit computation formulas, amounts required for a quarter of coverage, […]

DOL issues 2018 annual UC certifications of states under FUTA

The Secretary of Labor has signed the annual 12-month certifications under the Federal Unemployment Tax Act that enable employers that make contributions to state unemployment funds to obtain certain credits against their liability for federal unemployment tax. All 50 states, as well as the District of Columbia, Puerto Rico, and the Virgin Islands, have received […]

NJ DOL issues FAQs on new earned sick leave law

The New Jersey Earned Sick Leave Law takes effect on October 29, 2018. Public Law 2018, Ch. 10, requires every employer to provide earned sick leave to each employee working in New Jersey. The Department of Labor and Workforce Development has issued Earned Sick Leave FAQs to help employers comply with the new law. New […]

Alaska’s minimum wage will increase to $9.89 Jan. 1

The minimum wage in Alaska will increase from $9.84 per hour to $9.89 per hour on January 1, 2019, according to the Alaska Department of Labor and Workforce Development, Division of Labor Standards and Safety. Pursuant to Alaska Statute 23.10.065, the Alaska minimum wage is to be adjusted annually for inflation using the Consumer Price […]