Bill Andrews wrote:Is PowerChurch planning to release a payroll system upgrade to PowerChurch Online V 11 to recognize the difference in social security rates for individuals and employers in time for the first payrolls generated in 2011? The individual rate is 4.2% and the employer rate is 6.2%. Just got the IRS Notice 1036 which outlines the new payroll rates for 2011.
Considering that this notice was just released after the passing and signing of the bill on Monday, the guys at Powerchurch probably saw it the same time you did.
That said, I fully expect that they will have an update to handle this change by the required implementation date of Jan 31st 2011, if not sooner.