Are You Having Enough Withheld for Federal Taxes?

10 April 2009 at 12:19 pm by Paula D.

As of April 1, 2009 all Employers had to apply the new federal tax withholding tables released in late February by the IRS.  The National Taxpayer Advocate, Nina Olson said "Two-income and married workers, as well as pension recipients, may be under-withheld on income tax in 2009 because of the new withholding tax table changes for the Making Work Pay Credit". The new tables reduced the amount withheld for Federal taxes.   If you have more than one job or you are married and your combined income places you in a higher tax bracket, you may want to file a new Form ...

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W-5 2009 Earned Income Credit Advance Payment Certificate

23 March 2009 at 3:05 pm by Paula D.

There are NEW provisions that pertain the the 2009 W-5 form as a result of the ARRA (American Recovery and Reinvestment Act) of 2009. The IRS will not update the W-5 Earned Income Credit Advance Payment Certificate form despite these changes. As per the IRS: When implementing a Form W-5, employers should make the follow adjustments, see attached where I noted the changes as an example: Click here for W5 sample  

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New Federal and EIC Tax Tables

3 March 2009 at 5:53 pm by Paula D.

ASI updated their payroll system's Federal and Advanced Earned Income Tax (EIC) tables on February 28, 2009.  This is a result as of Notice 1036 (Rev. February 2009) from the IRS states, "The IRS asks that employers begin using these tax tables in lieu of the applicable previously published tables as soon as possible, but no later than April 1, 2009".  What this means is you may notice a difference in your "net" pay of approximately $10.00 or more per pay.

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Economic Stimulus Bill

26 February 2009 at 2:38 pm by Sherri K.

Does the Economic Stimulus Bill (now referred to as the American Recovery and Reinvestment Act) affect your benefit programs?  There are many parts to this new legislation but it seems the most pressing for employers may be the COBRA changes.  If you are an employer with 20 or more full-time employees and offer a group health plan to your employees this bill may affect you.  If you are an ASI client and ASI administers your group health plan, you can relax.  ASI has access to many resources for the most updated information.  We are diligently working to keep our client's compliant. If you’re ...

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ASI Employee Professes His Love

17 February 2009 at 1:28 pm by Matt D.

Five lovers from around the country competed to profess their love on Friday, February 13, 2009 in the heart of Times Square. Amoung them was ASI and JC Data Enterprises employee, Steven Kruzik. Known locally and throughout the ASI family as the man with the tunes, he won the contest for his wife, Mary Kruzik. The contest was sponsored by Zales and judged by celebrities such as Dr. Ruth Westheimer, Michael Somerville (of Glamour), Rebecca Dolgin (of The Knot), and authors Matt Titus and Tamsen Fadal. Congratulations goes out to Steve for showing the world just how much his wife means ...

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