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Remind your employees of the retirement savings contributions credit, which provides a credit of up to 50% of retirement plan contributions up to $2,000 ($4,000 for married couples filing jointly). This can be claimed by married couples filing jointly with incomes of up to $59,000 in 2013, and singles with incomes of up to $29,500. […]
Time and Attendance: Going Mobile
While the traditional employee log-in system requires scanning ID cards at computer terminals, we are now offering a web-based solution that can provide an inexpensive biometric product that verifies log-in of your employee by taking their picture. EasyChoice Mobile is our web-based, mobile application that we offer for time and attendance. With this software, you can use […]
Annual Compensation and Benefits Report
On the iconic TV show from the 1990s, Friends, Rachel, newly minted as a waitress at a coffee shop, excitedly receives her first paycheck, only to exclaim: “Wait a minute. Who’s FICA and why did he take all my money?” Naturally, employees see clearly on their paycheck stub (or online equivalent) a record of their […]
Health Care Reform: Small Business Tax Credit 2014
The Small Business Health Care Tax Credit is intended to encourage small employers to offer health insurance to their employees. The maximum tax credit was 35% of the employer’s premium payments made on behalf of employees in tax years 2010 – 2013. However, this credit amount will increase to 50% of the employer’s premium payments […]
Holidays and Taxes: The most wonderful time of the year!
It’s that time of year again! Yes, the holiday season is upon us—and that also means that tax time is approaching. While the latter may not be your favorite, at Precision Payroll, we help make it as painless as possible. With tax time ahead of us, here are some requirements you’ll want to know about. […]
Newsletter
Subscribe to our newsletter December 2018 Illinois Mandates Retirement Savings Plan, New NXG LE Time Clock, Electronic Tax Filing ppa-press-2018-12.html October 2018 Geofencing: Remote Time-Tracking System Delivers Accuracy & Ease; Reboarding is a Breeze with iSolved ppa-press-2018-10.html July 2018 Legacy System to Be Retired, Password Security Enhanced, “You Can Do THAT?!” ppa-press-2018-7.html May 2018 iSolved Time, […]