LOGIS Blog

Is it Really Year-end Already ?

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The JDE support staff at LOGIS are busy with year-end prep work, assisting members with their checklists, reviewing reconciliations, conducting training sessions and ordering supplies for W2’s and 1099’s.

As the old year slips away and New Year’s celebrations usher in 2011, Congress has finally passed legislation deciding the tax rates for 2011. The 2011 rates have been installed to the JDEdwards payroll tables – including the special rate for social security withholding. For 2011 only – the 2010 Tax Relief Act reduces the employee portion of the Social Security tax from 6.2% to 4.2%. The employer portion of the Social Security tax remains the same.

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Category: Financial Systems,Payroll/HR

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