| Paytime is a leading independent payroll and human
resource solution provider with a focus on the customer. Ever
since Paytime first opened their doors in 1981, this
focus has not wavered.
Any payroll company can process payrolls. Here at Paytime,
we process payrolls but we also build relationships with our
customers based on integrity, quality, and customer service.
Paytime’s great technology goes without saying, but
it is Paytime’s staff that sets them apart from everyone
else in the industry! Highly educated and certified through
the American Payroll Association, Paytime’s staff members
are dedicated to customer satisfaction. Check out the rest
of our website and please contact us if you have any questions
or comments. |
NEWS |
> The Social Security Administration (SSA) announced that the 2009 social security wage base will be $106,800, an increase of $4,800 from the 2008 wage base of $102,000.
>
OHIO MINIMUM WAGE INCREASE EFFECTIVE 01/01/2009 TO $7.30 PER HOURS WORKED
> The next FEDERAL minimum wage increase will be to $7.25 for hours worked beginning July 24, 2009.
> The limitation on the exclusion for elective deferrals under §402(g)(1) (e.g., §401(k) and §403(b) plans) is increased from $15,500 to $16,500.
> The compensation amount under §408(p)(2)(E) regarding elective deferrals to SIMPLE retirement accounts is increased from $10,500 to $11,500.
> The limitation under §414(v)(2)(B)(i) for catch-up contributions to §§401(k), 403(b), and 457 plans for individuals age 50 or over is increased from $5,000 to $5,500
>The limitation under §414(v)(2)(B)(ii) for catch-up contributions to an employer's SIMPLE plan for individuals age 50 or over remains unchanged at $2,500.
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