Please follow the excellent link below from SHRM for a timeline of the health care reform:
http://www2.shrm.org/HC_Timeline/scroller3.html?marquee=MP2_042810
Friday, April 30, 2010
Wednesday, April 28, 2010
Mandatory Changes to Arizona Withholding
Effective After June 30, 2010
The State of Arizona is changing withholding amounts effective July 1, 2010. For amounts withheld on or after July 1, 2010, the amount required to be withheld will no longer be a percentage of federal withholding. Amounts withheld on or after July 1, 2010, must be based on a table prescribed by the Arizona Department of Revenue. This is a substantial change to the current percentage of federal income tax and the department has offered a calculation table along with the form to help employees compute what taxes they should be withholding (link below).
Employees subject to Arizona income tax withholding must fill out a new form that will go into effect on July 1, 2010, and give the completed form to their employer. NPS will be attaching the new forms for the DarwiNet online access employees, attaching to payroll, and providing the link below to clients and employees.
Please follow the following link to the complete the new form and submit to us. This link includes a table to help determine your withholding amounts: http://www.azdor.gov/LinkClick.aspx?fileticket=9_U8ufG2wH8%3d&tabid=265&mid=884
Effective After June 30, 2010
The State of Arizona is changing withholding amounts effective July 1, 2010. For amounts withheld on or after July 1, 2010, the amount required to be withheld will no longer be a percentage of federal withholding. Amounts withheld on or after July 1, 2010, must be based on a table prescribed by the Arizona Department of Revenue. This is a substantial change to the current percentage of federal income tax and the department has offered a calculation table along with the form to help employees compute what taxes they should be withholding (link below).
Employees subject to Arizona income tax withholding must fill out a new form that will go into effect on July 1, 2010, and give the completed form to their employer. NPS will be attaching the new forms for the DarwiNet online access employees, attaching to payroll, and providing the link below to clients and employees.
Please follow the following link to the complete the new form and submit to us. This link includes a table to help determine your withholding amounts: http://www.azdor.gov/LinkClick.aspx?fileticket=9_U8ufG2wH8%3d&tabid=265&mid=884
Friday, April 16, 2010
COBRA Benefits and Unemployment Compensation Extended Again
On April 15, 2010, Congress approved another short-term extension for unemployment insurance benefits and a COBRA health insurance premium subsidy for jobless Americans.
The new law will provide relief to jobless workers whose unemployment benefits expired on April 5, 2010. According to the law, these workers must reapply for long-term unemployment benefits to receive their payments retroactively. This extension extends the unemployment benefits until June 2, 2010, and the COBRA premium subsidy until May 31, 2010.
In March 2010, the Senate passed an amended version of legislation (H.R. 4213) that would extend popular tax breaks for individuals and businesses. If enacted, the legislation would continue long-term unemployment benefits and the COBRA premium subsidy until Dec. 31, 2010.
More regulatory changes are likely to occur and we will keep you updated of those changes.
Please note that this information should not be used as legal advice.
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