Congress acted on Friday to extend the payroll tax cut on the employee portion of Social Security through the end of 2012. Please make sure to get a payroll update if you use QuickBooks for payroll before running any payroll in March. This is very important because QuickBooks had already pushed out an update assuming the rate would increase March 1st.
If you use other software, please check with your support to ensure that you have the correct rates for payrolls beginning March 1st.
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