Author Archives: strojan

About strojan

Complete Payroll offers full service payroll processing for businesses in Illinois and Wisconsin. We offer direct deposit, online payroll, tax impounding, timeclocks, and 4o1(k) plans. We are a local company with GREAT service and support.

Health Reimbursements Are Back!

Legislation was signed into law last week bringing back the ability for employers to directly reimburse employees for health care costs. This was taken away a few years ago after the new ACA laws came into play, often with severe … Continue reading

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Taxation of a Christmas Bonus for Your Employees

Are you thinking of giving your employees a Christmas bonus, holiday bonus, or year-end bonus? What’s the best way to handle these year-end bonuses? Can they be handled ‘under the table’? Do you have to include them as wages on … Continue reading

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Three Reasons to Check Your Online Social Security Statements Each Year

It’s been a few years since the Social Security Administration stopped mailing annual paper Social Security Statements to those aged 25-60. I know, most people didn’t know what the statement was for and either threw it away or filed it somewhere. Now the SSA provides these statement online if you are under age 60. There are good reasons to check this statement on an annual basis. Continue reading

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Health FSAs Gain More Flexibility

The IRS has modified the “use-or-lose” rule for health flexible spending arrangements (FSAs) to give employers the option to allow participating employees to carry over up to $500 of unused amounts remaining in their health FSAs at year-end. Continue reading

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Social Security Wage Base Increases to $117,000 for 2014

The Social Security Administration announced that the wage base for computing the Social Security tax (OASDI) in 2014 increases to $117,000 from $113,700, which was the wage base for 2013. The $3,300 increase, which is about 2.9%, is due to … Continue reading

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Healthcare Reform Reporting Requirement Deadline October 1, 2013

Are you aware of the healthcare reform law that goes into effect on January 1, 2014? Did you know that as an employer, you are required to send a marketplace notice to your employees by October 1, 2013? Effective January … Continue reading

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Special Pricing for Illinois Non-Profit Organizations

FOR IMMEDIATE RELEASE: Complete Payroll Offers Special Non-Profit Pricing to Help Community Crystal Lake, IL – June 26, 2012 – Complete Payroll, Inc., a locally owned and operated payroll service company, announced special pricing for non-profit agencies in northern Illinois … Continue reading

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Good News – Payroll Tax Cut Extended through 2012!

Congress gave all wage earners a short-lived 2012 reprieve by temporarily extending the 2% payroll tax cut though February of 2012. The payroll tax, frequently referred to as FICA or OASDI on your paycheck, has historically been 6.2%. This is … Continue reading

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New Credits for Hiring Veterans

Congress recently passed legislation that extends and expands the Work Opportunity Credit (WOTC) for hiring unemployed veterans. This effectively gave a one-year lease on life to the WOTC, but only with respect to qualified veterans who begin work for the … Continue reading

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IRS Announces Pension Plan Limitations for 2012

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Continue reading

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