Trager, Kevy & Trager Tax Info & News » Tax Info (by year)

New York State and Yonkers Withholding Tax Rate Change

admin — Thu, 26 Jan 2012 15:00:44 +0000

New York State withholding tax rate change effective January 1, 2012:

Most employees’ New York State withholding will change due to recent legislation that resulted in revised withholding tax computation rules. The changes apply to payrolls made on or after January 1, 2012.

Calculate new withholding tax amounts using Publication NYS-50-T-NYS, New York State Withholding Tax Tables and Methods

Yonkers withholding tax rate change effective January 1, 2012:

If you have employees subject to Yonkers resident personal income tax withholding, revised withholding tax computation rules may affect your payrolls made on or after January 1, 2012.

Calculate new withholding tax amounts using Publication NYS-50-T-Y, Yonkers Withholding Tax Tables and Methods

For more information, visit http://www.tax.ny.gov/bus/wt/rate.htm.

Deadline Reminders – What’s due January 31, 2012

admin — Wed, 25 Jan 2012 15:00:19 +0000

The following items are due by Tuesday, January 31, 2012.

For all employers:

Furnish Forms 1098, 1099 and W-2G to recipients for certain payments during 2011.
Furnish Form W-2 to employees who worked for you during 2011.
Deposit any FUTA tax owed through Dec 2011.
Files Forms 940, 941, 943, 944 and/or 945 if you did not deposit all taxes when due.

For New York State Employers:

Employer’s quarterly MCTMT return due
MCTMT estimate tax payment due for 4th Quarter of 2011
Partnership and LLC estimated MCTMT payment due (for payments required to be made on behalf of New York nonresident individual partners)
Employer’s quarterly combined withholding wage reporting and unemployment insurance return due

Trager, Kevy & Trager, LLP
Contact us if you have any questions or need help meeting this deadline.
Visit our calendar for other deadlines that might affect you.

Deadline Reminders – What’s due January 30, 2012

admin — Tue, 24 Jan 2012 19:01:24 +0000

The following items are due by Monday, January 30, 2012.

For New Jersey employers:

NJ Gross Income Tax (Employer) – NJ-927 or NJ-927-W – Employer’s quarterly report
NJ Gross Income Tax (Employer) – NJ-927-H – Domestic employer’s annual report

Trager, Kevy & Trager, LLP
Contact us if you have any questions or need help meeting this deadline.
Visit our calendar for other deadlines that might affect you.

NYS Sales Tax Returns due 12/20

admin — Tue, 13 Dec 2011 15:00:48 +0000

Quarterly filers need to have their New York State sales tax returns submitted by Tuesday, December 20, 2011.

Cost of Living Adjustments for 2012

admin — Thu, 01 Dec 2011 15:00:58 +0000


	2009-11		2012

401(k), 403(b) and 457 Deferral Limit	$16,500		$17,000

401(k), 403(b) and 457 Catch-up Contribution	$5,500	*	$5,500

SIMPLE Deferral Limit	$11,500	*	$11,500

SIMPLE Catch-up Contribution	$2,500	*	$2,500

Annual Compensation Limit	$245,000		$250,000

Defined Contribution 415 Limit	$49,000		$50,000

Defined Benefit 415 Limit	$195,000		$200,000

Dollar Limit for Highly Compensated Employeees	$110,000		$115,000

Social Security Taxable Wage Base	$106,800		$110,100


		*unchanged

NYS Sales Tax Returns due 11/21

admin — Tue, 15 Nov 2011 14:30:51 +0000

Monthly filers need to have their New York State sales tax returns submitted by Monday, November 21, 2011.

NYS Employer’s withholding tax due 10/31

admin — Tue, 25 Oct 2011 15:00:05 +0000

Employer’s quarterly combined Withholding, Wage Reporting, and Unemployment Insurance return is due Monday, October 31, 2011.

NYS MCTMTs Due 10/31

admin — Tue, 25 Oct 2011 14:00:35 +0000

The following are due Monday, October 31, 2011:

Employers Quarterly MCTMT Return

MCTMT Estimated Tax Payment

Partnership and LLC Estimated MCTMT Payment (for payments required to be made on behalf of partners and members)

NJ Employer Gross Income Tax due 10/31

admin — Mon, 24 Oct 2011 14:00:10 +0000

Form NJ-927 or NJ-927-W is due on Monday, October 31, 2011 for employer’s quarterly report.

NJ Sales and Use Taxes due 10/20

admin — Thu, 13 Oct 2011 15:00:27 +0000

The following New Jersey State sales and use taxes, and their required forms, are due by Thursday, October 20, 2011:

ST-50 – Quarterly remittance

ST-250 – Combined Atlantic City luxury tax and State sales tax monthly return

ST-350 – Combined Cape May County tourism sales tax and tourism assessment monthly return

ST-450 – Salem County sales and use tax quarterly return

UZ-50 – Combined State sales and use tax/Urban Enterprise Zone/Urban Enterprise Zone Impacted Business District sales tax monthly return