News

News

They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
- Tanya Henry, Executive Director, Milwaukee Careers Cooperative

 

We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Blazei, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.

Press Room

Beyond the Numbers, Fall 2008

Bankruptcy Preference Claims—
The Letter No One Wants To Receive

 
As the country continues to struggle with difficult economic times, some of our clients have expressed concerns about the financial strength of their own customers. A weak economy can lead to business failures—and when the businesses that fail are your customers, it can place your staffing company at risk.
 

In this issue:

What's at risk if a client claims bankruptcy, managing preference claim risk and simple steps to protect your company, and uncovering potential credit risks.


 

Bankruptcy Preference Claims—The Letter No One Wants To Receive

 

In this issue:

Staying current with your W-4 forms, finalizing year end payroll adjustments, W-2 forms and holiday bonuses, and information on new tax rates for 2009.


 
 
 

ARE ALL OF YOUR EMPLOYEES CURRENT WITH THEIR FORM W-4?

 

Employees Exempt from Withholding:

 

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Legislative Updates

from the Sierra Sun Times:

The U.S. Department of Labor has notified the Internal Revenue Service (IRS) and the California Employment Development Department that California is now a credit reduction state as a result of its outstanding loan balances. Per the IRS website:
 
 
Effective in January 2012, the combined employee payroll tax rate for New Jersey employees is reduced to .00705 from .00985 in 2011.  This means a savings of $87 per worker.  This equals approximately $190 million in direct tax relief to New Jersey employees.
 

FUTA Credit Reduction Update:

 
 
Because the transaction was completed before year end 2011, the State and its business community will experience significant interest savings, FUTA tax credits will be restored, future tax penalties will be avoided and the solvency tax on Michigan employers will be eliminated.
 

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