Matthew Barrett's Blogs

Guest Bloggers Are Welcome

Add Blog

HIRE Act

By: Matthew Barrett Payroll Views: 2041 | Comments: 0 | Votes: 0

Matthew Barrett

There are two components to this bill: · Social Security Tax Exemption – Qualifying employers will be exempt from the 6.2% employer portion of social security tax for qualified individuals hired between February 4 and December 31, 2010. Only social security taxable wages up to the wage base paid between March 19 and December 31, 2010 are eligible for the tax exemption. More

Security Breaches Found at Payroll Services Firm

By: Matthew Barrett Payroll Views: 3536 | Comments: 0 | Votes: 0

Matthew Barrett

Security Breaches Found at Payroll Services Firm A payroll service provider is working with federal investigators to uncover the cause of two security breaches that recently compromised the company's systems through phishing e-mails and phantom employees. The breaches caused the provider to shut down its web service twice over the past several weeks. 23 and Oct. 14. 1. 5. More

Revised Form I-9 Required

By: Matthew Barrett Payroll Views: 1968 | Comments: 0 | Votes: 0

Matthew Barrett

Prior versions of the form will no longer be acceptable for use when verifying new employees’ identity and authorization to work in the United States. Employers are not required to complete the new form for any existing employees, except when re-verifying expiring work authorization documents. Feel free to call me directly at 585-218-6058 if you have any questions. More

ECONOMIC STIUMLUS PACKAGE

By: Matthew Barrett Payroll Views: 2697 | Comments: 0 | Votes: 0

Matthew Barrett

While Congress and economists debate the effect of the just-approved stimulus package on the economy, small business owners should begin to focus on the practical implications it will have on payroll, tax filings, and employee benefits. The credit will be received by workers in their net paychecks through adjusted tax withholding tables. "Paychex clients can rest assured. More