Blog

An Overview of the Major Tax Changes for 2018

January 1st, 2018 10:09 am

The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but […]

How Much of a Raise Should You Give?

December 8th, 2017 11:16 am

Do you wonder how best to compensate employees for good work? Determining the appropriate amount for a raise is actually trickier than people realize. Consider employee morale, employee performance, and market averages. To get a fuller picture, keep reading. Market level When deciding raise amounts, consider the market’s average salary for their position. If an […]

Big Changes in Social Security and Retirement Plans for 2018

November 8th, 2017 4:14 pm

From 401(k) plans – to individual retirement accounts – to Social Security, the federal government has been busy in recent weeks adjusting numbers for 2018. These changes may affect how you approach retirement in the coming months and years.   Social Security: New ceilings First, let’s start with what is not changing. The 7.65 percent […]

How to Calculate Severance Pay

October 5th, 2017 11:50 am

There is no legal requirement to offer severance. Companies often provide it after an employee is terminated. In general, the amount is based on length of employment. You may decide to offer a week’s pay for every year of service, or a flat amount based on six weeks’ pay. Distribution is typically as a lump […]

TPC Announces Internal Promotion

September 22nd, 2017 10:42 am

FOR IMMEDIATE RELEASE September 22, 2017 The Payroll Company Announces Internal Promotion SPRINGFIELD— TPC (The Payroll Company) recently promoted Brianna Hartman to the company’s tax department. Hartman worked for TPC as a part-time intern during her junior and senior years in college. In her new role, Hartman will work directly with associates in the company’s […]