OBTAIN THE FOLLOWING COMPLETED DOCUMENTS FOR EACH NEWLY HIRED EMPLOYEE.
State withholding form (Virginia is VA-4, North Carolina is NC-4)
Be sure to have these forms completed BEFORE you make your first payment to this employee.
NEW HIRE REPORT:
Be sure to submit the "New Hire Report" required for your state.
We would be glad to assist you if you have any questions about this document.
We provide a "New Hire" packet with the forms you need.
ALWAYS UPDATE YOUR PAYROLL TAX TABLES BEFORE THE FIRST PAYROLL OF EACH YEAR.
The Internal Revenue Service updates withholding tables annually.
IMPORTANT FOR CALENDAR YEAR 2012:
The Social Security Withholding tax rate for the Employee reduces to 4.2% for 2012 through February 29th, 2012.
The Employer Social Security match remains at 6.2%.