Don’t forget to check your state unemployment rate and update your payroll service if there is a change. The payroll service will continue to use the old rate unless otherwise notified. States generally do not automatically refund the excess, so be sure your payroll provider prepares 2016 returns using your updated rate.
Social Security wage base set to increase
The Social Security Administration’s (SSA) Office of the Chief Actuary (OCA) is projecting that the Social Security wage base will