Archives › 2011 › July
2011 Social Sec/Medicare Rates & Wage Bases Social Security: EmployEE: 4.2% on earnings up to $106,800 EmployER: 6.2% on earnings up to $106,800 Medicare: Employee/employer (each) 1.45% on all earnings From http://www.ssa.gov/pubs/10003.html
Take credit card payments with your cell phone! I just received my new free credit reader that plugs into the headset jack on my Blackberry smart phone. I installed the software quickly and easily on the phone. The software is available for many Apple, Blackberry, and Andriod devices. I created a charge for $0.10 and […]
CA-Payroll Tax: 2011 Rates http://www.edd.ca.gov/Payroll_Taxes/Rates_and_Withholding.htm#2011UIETTandSDIRates
CA-Payroll Taxes: Debit cards replace CA unemployment benefit payment checks http://www.edd.ca.gov/About_EDD/pdf/nwsrel11-29.pdf
Fed-Payroll: Min Wage $7.25/hr starting 07/24/2009. Read Here for more info and overtime rules. http://www.dol.gov/whd/flsa/#min
SD – Selling Online Discount Coupons Various on-line businesses provide websites for businesses to sell coupons or certificates at reduced prices. The retailer contracts with an on-line advertiser to sell vouchers redeemable at the retailer’s business. The retailer will owe sales tax on the amount paid for the voucher when the voucher is redeemed. Sales […]
New Municipal Tax Changes Effective July 1 As of July 1, 2011, four South Dakota communities have implemented new municipal taxes or updated their current city taxes. The municipal tax changes taking effect this month include: • Canton imposed a 1% gross receipts tax on alcoholic beverages, lodging, eating establishments, and admissions to places of […]
South Dakota’s tourism tax rate is 1.5%. The tourism tax rate will NOT reduce on July 1, 2011 as was previously explained. The tourism tax code to use on the tax return remains 700-1. http://www.state.sd.us/drr2/businesstax/tourismtax.htm
IRS Business Mileage Rates 07/01/11 – 12/31/11 55.5 cents per mile http://www.irs.gov/newsroom/article/0,,id=240903,00.html 01/01/11 – 06/30/11 51 cents per mile. http://www.irs.gov/newsroom/article/0,,id=232017,00.html
New CA Sales Tax Rates as of 07/01/11 http://www.boe.ca.gov/news/pdf/l277.pdf
2011-Q2 Surcharge rate is 0%. http://dlr.sd.gov/ui/uitaxfaqs.aspx#taxrates
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