Update Your Withholding Tables
The American Taxpayer Relief Act of 2012 passed on January 2, 2012. Because of this Act, wage earners will be losing 2% of their paycheck.
For the last two years, employees have been enjoying a 2% Social Security tax break in their paychecks. That provision was allowed to sunset, so, as of January 1, 2013, you’ll need to adjust your payroll withholding tables to reflect this change.
Questions about your brewery’s payroll? Contact the professionals at the Brewers Professional Alliance.