SurePayroll manages stimulus payroll provision

SurePayroll recently announced that its small business customers鈥攊ncluding all of its dental practice customers鈥攚ill not have to worry about making changes to their payroll in anticipation of the “Making Work Pay” payroll tax adjustment in the federal stimulus act.

Dental practices using SurePayroll don’t have to do anything either before or after the federal stimulus credit takes effect. SurePayroll will seamlessly handle all changes to payroll withholding requirements.

SurePayroll offers a full-service payroll solution for dentists seeking to alleviate the stress associated with the intricacies of payroll, including regulation and compliance changes. SurePayroll is the only payroll company endorsed by ADA Business Resources.

“This credit will certainly be welcome in the small business community, as employees will see slightly more in each of their paychecks,” said Michael Alter, SurePayroll president. “Implementing the credit will, however, be difficult for business owners that are still processing payroll on their own.

“Too often,” Mr. Alter continued, “dentists have to spend needless time worrying about the little things that are best outsourced to a professional. Using a payroll service such as SurePayroll saves them both time and money, since we’re already handling these kinds of things on a day-to-day basis and know the most appropriate actions to take.”

For 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit. Starting no later than April 1, employers will be responsible for withholding changes for their employees who are eligible for the credit, receive a paycheck and are subject to withholding. Dentists who use SurePayroll do not need to make any changes to their employees’ withholding, as this will be automatically processed by SurePayroll.

In addition to the new payroll provision to reduce federal income taxes, the new stimulus law requires employers to pay the upfront cost to subsidize laid-off workers on COBRA. The subsidy will call for employers to pay 65 percent, which will be reimbursed later. If you are a SurePayroll customer and your practice is affected by the COBRA credit, contact SurePayroll so the company can make appropriate changes to your quarterly tax filings.

SurePayroll offers online services designed specifically for small business, including HR and compliance resources, 401(k) retirement solutions, health insurance and workers’ compensation products.

For information, call 1-866-535-3592 to speak to a SurePayroll representative or visit www.surepayroll.com/ada.