Articles by Author: ADP Insights:

IRS Announces Pension Plan Limitations for 2013

This article was originally featured in our ADP Eye on Washington update. On October 18, 2012, the Internal Revenue Service (IRS) announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2013. Per the IRS Release: The Internal Revenue Service today announced cost of living adjustments affecting dollar…Read More »

Social Security Taxable Wage Limit and Employee Rate Increased for Year 2013

This article was originally featured in our ADP Eye on Washington update. Social Security Tax On October 16, 2012, the Social Security Administration announced an upward cost-of-living adjustment for the Social Security taxable wage limit. For year 2013, the amount of earnings taxable for Social Security (Old Age, Survivors and Disability Insurance, or “OASDI”) will increase…Read More »

Find Your Way to a Lower Tax Rate in Louisiana

View an on-demand webinar aimed at helping companies learn how to take advantage of tax credits and incentives in Louisiana. There are more than 55 tax credits available today in Louisiana. But with all that you must do to manage your business on a day-to-day basis, finding a way to navigate all the credits to…Read More »

New York Expands Permissible Deductions

On September 7, 2012, Governor Andrew Cuomo of New York signed Assembly Bill Number A10785, amending Section 193 of the New York Labor Law to allow employers to make deductions from employee wages in a expanded number of circumstances. The “act shall take effect on the sixtieth day after it shall have become a law…Read More »

Tax Extender Update – Keeping You Informed

ADP joined the Georgia Chamber of Commerce and the National Employment Opportunity Network in Washington DC during the week of September 11–13, 2012. The purpose of the meetings were to identify if the current congressional agenda would address the purported Tax Extenders, which include the Work Opportunity Tax Credit (WOTC), Empowerment Zones, Indian Employment Credit,…Read More »

Illinois Enacts Changes to Enterprise Zone Program

Illinois Public Act Number 97-905, which was signed into law by Governor Pat Quinn on August 7, 2012, made extensive changes to the state’s enterprise zone program. Incentives were eliminated or modified. Reporting requirements were increased. Administrative procedures were revised. Enterprise Zone Incentive Changes Companies operating in an Enterprise Zone or a High Impact Business…Read More »

Senate Finance Committee Approves Extender Package

Moving Forward The Senate Finance Committee has approved an extender package that contains an extension of WOTC, including the new Veterans Credits and Federal Empowerment Zones through 2013 and retroactively for 2012. Although it is unclear when the bill will be taken up in the Senate, it is possible that final action will be deferred…Read More »

WOTC Progress on The Hill

WORKING TOGETHER On July 24 and 25, 2012, ADP Tax Credit Services accompanied the VP of Government Relations for one of our clients, along with counsel from DLA Piper and the Carmen Group for NEON, on several meetings with members of Congress; in particular members of the Ways & Means and Senate Finance Committees. Various…Read More »

Unemployment Insurance Tax Increases Expected Through 2014

As the economy continues to recover from the most recent recession, employers could experience some dramatic Unemployment Insurance (UI) cost increases through at least 2014. UI cost increases will mainly be driven from the following three sources: 1.State surcharges to replenish depleted UI trust funds and/or repay federal UI loans 2.Federal Unemployment Tax Act (FUTA)…Read More »

How to Help Overcome the Compliance Conundrum that May Plague your Business [Infographic]


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