Well, we finally have an idea on how to set up tax rates for payroll for next year. The House and Senate have passed what is essentially the compromise that the President and Republican leaders agreed on last week. It was decent of them to give you two whole weeks to change your FICA calculations and tax rates. We’ll get it done though.
Make sure you adjust your employee FICA only, not the employer FICA. Call us if you have questions or need help!