Important Payroll Notice RE: Social Security Tax

On Dec 23, 2011 Congress passed the Temporary Payroll Tax Cut Continuation Act of 2011 extending the Employee Social Security tax rate reduction of 4.2%.  Employers have until January 31 to implement this change.

The updates containing these Social Security tax changes should be available on our website the week of January 16th.

As a reminder, once the update is applied, the Social Security tax will automatically adjust in future payments to correct the YTD deduction.