Current Accounting News
Temporary Payroll Tax Cut Continuation Act of 2011 - On December 23, 2011, the House and Senate passed, and President Obama signed the Temporary Payroll Tax Cut Continuation Act of 2011. Under the Act, the employee portion of the social security tax will remain at the current 4.2% rate for the months of January and February of 2012 rather than reverting to 6.2%. Likewise, the social security portion of the self-employment tax will continue at 10.4% for this period. The legislation includes a commitment by Congress to attempt to negotiate an extension of the payroll tax cut through the end of 2012.
Welcome to McGill, Power, Bell & Associates, LLP
Welcome to McGill, Power, Bell & Associates, LLP. Our firm was founded 80 years ago with the start of Bell and Company in Sharon, PA. Today we are a regional CPA firm servicing Pennsylvania, western New York, eastern Ohio and West Virginia.
We invite you to review our website. If you have any questions, please contact me at dfair@mpbcpa.com.
Thanks for visiting,
Dean Fair, CPA
Managing Partner