The President has signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, H.R. 4853, on December 17.  This measure reduces the employee portion of the social security tax from 6.2% to 4.2% for one year (2011).  The employer’s social security tax rate has NOT changed and remains at 6.2%.  AccuBuild will have the necessary tax update changes ready in the 8.5.0.3 Release which will be posted on our website during the last week of the 2010 Calendar Year.

The 2010 Year End Notes are now available on the AccuBuild Website and we strongly recommend that you download a copy of these notes and get familiar with the new tax changes and the year end closeout process for payroll so that you can experience a smooth year end transition as we move into 2011. http://www.accu-build.com/Downloads/CalYearEndNotes.pdf

Please note that AccuBuild will be closed on Friday, December 24th for Christmas Eve and again on Friday, December 31st for New Years Eve.  We wish you all a very Merry Christmas and a safe and happy New Year and we thank you for your continued support.

Sincerely,

Your AccuBuild Support Staff

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