I wanted to let you know that we are continuing to monitor the changes with the new stimulus package signed last week by President Obama. Within the package there are many changes associated with payroll and COBRA Administration.  

As part of the stimulus package the IRS has released new federal tax rate tables. Our software company was able to upload the new tax tables this week. The changes will affect the amount of federal withholding that your employees will see come out of their payroll checks. The amount should be less. 

I know that many of you have questions and want to know how we plan to implement the additional stimulus changes or if they affect you. We are continuing to be updated weekly by the IRS on the changes and updates to the payroll laws associated with this stimulus package. Our designated team is continuing to gather all the updated information and put into action a plan to accommodate our clients who might be affected. 

If you have any questions or concerns please feel free to contact myself or your payroll processor.