Allevity Blog

Category: Payroll and Taxes

Allevity is pleased to offer you the option of receiving your W-2 electronically this year. By signing up for EW-2s you can get your W-2 earlier than if you had to wait for it in the mail. If you’re expecting a tax refund that could mean you could file your return sooner to get your money back in your pocket. EW-2s can be downloaded to your personal computer where you can access them anytime and print them as many times as you need. How do you sign up you ask? It’s easy. If your pay statement…   read more...
The last thing any employer, or employee for that matter, wants to deal with is an order for wage garnishments. Handling payroll is already labor-intensive enough without the added calculations of personal debts coming out of your employees’ paychecks – not to mention the discomfort of being involved in the aspects of your employees’ lives that most employers would typically rather stay out of. But when those withholding orders arrive, it is your responsibility as an employer to comply. Read…   read more...
The Wage Rates and Limits for 2014 are listed below. Allevity clients don't need to do anything different. We'll maintain these rates and limits for you. 2014 Wage Rates and Limits Tax Wage Limit Rate Tax Limit Social Security $117,000 6.2% $7,254 Medicare No limit 1.45% No limit Additional Medicare CA SDI Applies to wages >$200K $101,636 0.9% 1.0% No limit $1,016.36   read more...
This week is National Payroll Week! You know, that magical time of year where America celebrates the hard work of its 156 million employees and the payroll professionals who pay them (that’s us!). At Allevity HR & Payroll, we have several celebrations planned this week for our staff as we whoop it up. We realize that not everyone gets excited about payroll like we do. So, let us take on the payroll chore for you. We make payroll a breeze by offering personalized service and the latest…   read more...
Section 125 Refresher Jul 26, 2012
What it is… Section 125 of the Internal Revenue Service (IRS) Code allows employers to set up a qualified benefit plan that gives employees a choice between taking cash (wages) or a qualified benefit. Two examples are the Health Flexible Spending Account and the Dependent Care Flexible Spending Account. How it Works… The Section 125/flex plans offers a tax break to participants because they are using the accounts to pay for covered items and services on a pre-tax basis. If an employee with an…   read more...
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