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Termination rules for South Dakota Employers: http://dlr.sd.gov/wagehrs/termination.aspx
Final Paycheck (Termination or Separation) laws for South Dakota emplooyers. Source: http://dlr.sd.gov/wagehrs/youthemployment.aspx Source: http://legis.state.sd.us/statutes/DisplayStatute.aspx?Type=Statute&Statute=60-11-11
In order to conform to new IRS W-2 reporting requirements, QuickBooks (in payroll update 21112) added new “tax tracking types” for employer paid (company match) retirement contributions. According to Intuit’s article Id 2001179 (http://payroll.intuit.com/support/kb/2001179.html), for companies with existing match transactions in the current year, a new payroll item needs to be setup with the new tax tracking […]
Should single member LLC owners be on payroll? The answer is it depends. A single member LLC (Limited Liability Company) that has not opted to be taxed as a corporation is taxed as a sole-proprietorship. Self-employed persons are not employees of their business, since there is no distinction between a business and its self-employed owner […]
Have employees in multiple states? There are multistate New Hire Reporting elections that can be made to make compliance easier. http://www.acf.hhs.gov/programs/cse/newhire/employer/publication/forms/mseform6.pdf
New Hire Reporting – South Dakota Send via fax: 1-888-835-8659 or 605-626-2842 https://www.state.sd.us/eforms/secure/eforms/E0778v1-LivePhoneReportWithAddress.pdf
Payments must be scheduled at least one calendar day prior to the tax due date by 8:00 p.m. ET. Source: https://www.eftps.gov/eftps/direct/FAQGeneral.page
CA EFT Tax Payment Transmission Deadline: 3p PT one day prior to payment date. http://www.edd.ca.gov/payroll_taxes/faq_-_electronic_funds_transfer.htm#HowdoIensureatimelytaxdeposit
Direct Deposit Transmission: There is a hard deadline of 5pm PT two business days before pay date. Wed 5pm PT for Fri pay day. e-pay of tax payments: 2 business days prior to payment date. Although IRS EFTPS has a transmission deadline of only 8p ET the day before payment date, QuickBooks requires you to […]
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
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
2011-Q2 Surcharge rate is 0%. http://dlr.sd.gov/ui/uitaxfaqs.aspx#taxrates
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