Automated Integration: Saves Time and Eliminates Errors
One of the major advantages of using an in-house system like LTtax for managing your payroll withholding and unemployment taxes is the automated integration of data with other systems. Once you key your data into LTtax it can be used for multiple purposes within your financial systems which saves you time, money and re-keying errors. Go to article >
Is FICA Required On Severance Pay?
In a landmark decision, the U.S. Court of Appeals has concluded that severance paid to an involuntarily displaced workforce is considered taxable wages under FICA, effectively reversing the lower Court of Federal Claims' ruling. Go to article >
Did You KNOW? Connecticut Discontinues Physical Media Filings
Nearly every state has gone "paperless" when
it comes to accepting and processing payroll withholding and unemployment
taxes. A new trend is emerging with states discontinuing the practice
of accepting any files sent on physical media such as cartridges, disks,
etc. for processing quarterly filings. Go to article >