During 2011 you will see an increase to your net payroll check! The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 passed during December. The Act reduces the employee’s Social Security tax rate from 6.2% to 4.2%, which will mean larger pay checks for you. No worries, because the tax cut will not reduce your future benefits.
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International Accounting & Tax Services
Baldwin CPAs, PLLC provides accounting and tax services to foreign corporations and individuals doing business within the United States as well as companies and individuals with activities abroad in countries such as of Japan, Canada, France, China, United Kingdom, Germany, and Mexico.
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