Posts Tagged ‘New Hires’

PCS Welcomes Tracy Breen and Curt McNamara

Monday, February 28th, 2011

Tracy Breen Curt McNamaraPayroll Control Systems recently added Tracy Breen, Client Software Support and Curt McNamara, Emerging Market Sales Representative to our team.

Tracy has fifteen years experience as a database administrator and programmer.  She graduated from college with a computer science degree and has supported payroll software for most of her professional career working at law firms.  Tracy and her husband, Brent, have three children and own a Real Estate company where she supports the company by providing accounting, marketing and web design.  She also has her Real Estate license and is very active in the community. She enjoys coaching basketball, volunteering for lymphoma and diabetes fundraisers and is a Sunday School teacher and Girl Scout Leader.

Curt has over twenty years sales experience with the past five years in payroll sales and banking services with Wells Fargo.  He also has several years of experience in the insurance industry selling property and casualty insurance to consumers and small businesses.  He completed college at the University of North Dakota with a degree in Marketing and Public Administration.  Curt resides in St Louis Park with his wife Victoria and two daughters.   He enjoys spending his free time with his family and riding his motorcycle.

Work Opportunity Tax Credit Overview

Sunday, February 27th, 2011

Work Opportunity Tax CreditThe Work Opportunity Tax Credit (WOTC) is a federal tax credit available to all private sector businesses as an incentive to employers to hire workers in certain groups who consistently experience high rates of unemployment. The Work Opportunity Tax Credit reduces an employer’s cost of doing business and requires little paperwork.

The tax credit allows employers to reduce their federal tax liability by up to $9,000 per new hire. For-profit businesses of any size qualify. And the tax credit applies to temporary, seasonal, part-time and full-time workers. The tax credit is available for new hires with job start dates through December 31, 2011.

The WOTC applies only to new employees who have never worked for the hiring employer at any other time.

  • Any size for-profit employer may apply for the WOTC.
  • No limit to the number of new hires an employer may claim for the WOTC in any calendar year.
  • No relatives or dependents or majority business owners qualify as WOTC hires.
  • Self-employed individuals do not qualify as WOTC hires.
  • Temporary, seasonal, part-time and full-time work applies.
  • Any type of job is acceptable.
  • There is no limit to the number of new hires that can qualify an employer for the WOTC in any calendar year and the amount of tax credit an employer can accrue.
  • If your company is not profitable this year, the credits are good for up to 3 years from the due date of your return.

Certification of the Employee

An employer must request and receive certification from its state workforce agency (SWA) that the new hire is a member of one of the WOTC target groups before the employer can claim the WOTC on its federal income tax return. To request certification, the employer must:

  • Complete page 1 of IRS Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit, by the date of the job offer and page 2 of IRS Form 8850 after the individual is hired; and
  • Complete one of the following one-page U.S. Department of Labor forms, as appropriate:
    • ETA Form 9061, Individual Characteristics Form, if the new hire has not been given a conditional certification, ETA Form 9062, or
    • ETA Form 9062, Conditional Certification Form, if provided to the job seeker by a participating agency, such as a vocational rehabilitation agency, an employment network, or a SWA; and Mail the signed/dated IRS and ETA forms to the state workforce agency’s WOTC Coordinator not later than 28 days after the new hire begins work.

To learn more about the WOTC, call your State WOTC Coordinator, visit the WOTC website or call your local employment or state workforce agency.  To find the State WOTC Coordinators, click here.

National Coordinator
Carmen Ortiz
Washington, D.C.
202-693-2786
ortiz.carmen@dol.gov

Submitted By:

Jean Austin, SPHR
Manager of HR Services
Payroll Control Systems
Office: 763-746-1942
Cell: 612-770-6187
jaustin@pcspayroll.com
www.pcspayroll.com

Legal Disclaimer: This article is intended for informational purposes only and by no means should replace or substitute other legal documents (governmental or non-governmental) reflecting similar content or advice. If you have any questions concerning your situation or the information provided, please consult with an attorney, CPA or HR Professional.

PCS Welcomes Two New Hires!

Wednesday, July 28th, 2010

Mark Mills and John De Leeuw bring a combined 28 years of payroll and human resources industry experience to Payroll Control Systems’ Sales Department!

 Mark Mills, Emerging Market Sales Representative

Mark Mills

Mark Mills joins Payroll Control Systems as an eight year veteran of the payroll and HR industry with Ceridian and RSM McGladrey Employer Services.  Mark has served on the HR Roundtable for the Burnsville Chamber of Commerce, held a group health and life license for four years and is active in several local business communities.  He grew up in the Midwest and received his Bachelor’s degree in Psychology from the University of Colorado.   Mark lives in Bloomington where he enjoys spending time with his two sons and serving the community as a volunteer Scoutmaster and youth coach.  Mark will be handling the emerging markets in the southwest suburbs of Minneapolis.

 

John De Leeuw, Business Development ManagerJohn De Leeuw

John De Leeuw joins PCS with over 20 years of payroll and HR industry experience in sales, sales leadership, business development and channel acquisition with Ceridian, Wells Fargo, US Bank and regional service bureaus located in Illinois and Massachusetts.  John’s role as Business Development Manager with PCS will include developing the banking, insurance, franchise, and accounting channels for PCS along with managing the current partner relationships we already have.  John lives in White Bear Lake and enjoys boating on the St. Croix with his wife, Jane.

HIRE Act and COBRA Update

Wednesday, May 26th, 2010

Health CareThe IRS has released a number of updates over the past month including additional clarification on the HIRE Act and COBRA extension. It contains details on how to receive the credit for wages/tips paid to qualified employees after March 18th and before April 1st, 941 filing instructions and additional information on the COBRA premium assistance and extension.

Qualified employer’s social security tax credit.  Qualified employers are allowed a credit in the second quarter of 2010 for their share (6.2%) of social security tax on wages/tips paid to their qualified employees after March 18, 2010 and before April 1, 2010.  The credit will be taken on lines 12c through 12e on the 941 where the employer will enter the number of qualified employees for the period, the exempt wages/tips and compute the social security tax exemption for the period of March 19-31, 2010.  This amount will be treated as a deposit of taxes on April 1, 2010 and must not be used to adjust line 17 (Tax Liability for Quarter) or Schedule B (Report of Tax Liability for Semiweekly Schedule Depositors).

Qualified employer’s social security tax exemption.  Qualified employers are allowed an exemption for their share (6.2%) of social security tax on wages/tips paid to qualified employees after March 31, 2010 and before January 1, 2011.  The exemption is taken on lines 6a through 6d on the 941 where the employer will enter the number of qualified employees first paid exempt wages/tips in the quarter, the total number of qualified employees paid exempt wages/tips in the quarter, the exempt wages/tips paid during the quarter, and the social security tax exemption.  The tax exemption listed on line 6d will directly impact the total taxes before adjustments listed on line 6e of the 941 return.

Payroll Control Systems (PCS) has been following the updates from the IRS closely with regard to the HIRE Act.  We have the systems and procedures in place to assist our customers with receiving this credit.  If you are not a PCS customer and would like further assistance, please call 763.513.5951 or email us at info@pcspayroll.com.  If you are a current customer and have further questions, please contact your Client Account Manager directly.  To access our prior releases on the HIRE Act which include a wizard for determining new hire eligibility and the W-11 form the employee must sign, click here.

COBRA premium assistance credit extended.  The credit for COBRA premium assistance payments has been extended.  It now applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months.  Congress may take additional legislative action that extends the credit further.  Stay tuned for further updates from PCS or you can monitor the progress at the IRS website, enter keyword COBRA.

Legal Disclaimer: This article is intended for informational purposes only and by no means should replace or substitute other legal documents (governmental or non-governmental) reflecting similar content or advice. If you have any questions concerning your situation or the information provided, please consult with an attorney or an HR Professional.

Hire Act Update

Sunday, April 25th, 2010

 

Hire Act UpdateWe have received numerous updates from the IRS since the March Issue of PayNotes and continue to monitor the IRS website on a daily basis.  Included in the updates are:

  1. FAQ from IRS on HIRE
  2. New Form W-11 which is the Affidavit that employers must have the employees complete in order to comply with the regulations of the Act.
  3. The language of the Act itself.

We have been keeping our original article on HIRE updated with these new releases including the Wizard which can help you identify if any new hires qualify your company for the exemption.  To access the article, click here.

For our Clients, there are a number of steps that need to be taken in order to ensure the employer Social Security Tax exemption is computed and reported correctly.  PCS’s software is now updated to allow for the recording of HIRE Act events.  If you have a qualified new hire to setup, here is what you need to do:

  1. Be sure to have the employee fill out and sign the Affidavit (W-11 ). Retain these records and do not send them to PCS.
  2. Notify your Client Account Manager via email or phone that you have an employee to apply the credit code to. Your Client Account Manager will make the appropriate notations and will take care of the employee coding for you at this time.

Again, we will be keeping this page up to date as new information is available, be sure to check back on a regular basis or contact your Client Account Manager for any assistance!

Legal Disclaimer: This article is intended for informational purposes only and by no means should replace or substitute other legal documents (governmental or non-governmental) reflecting similar content or advice. If you have any questions concerning your situation or the information provided, please consult with an attorney or an HR Professional.