Business Technology understands that in the world of technology, a few precious days can spell the difference between development and disaster. We conduct training and seminars on a regular basis to keep our customers satisfied with their business software solutions.

Important Updates:

• IRS Issues Publication 15-T New Withholding Tables for 2001 (for Wages Paid After June 30, 2001) The IRS has issued new wage-bracket and percentage method withholding tables that are effective for wages paid from July 1 through the end of 2001. New Withholding Tables for 2001 (for Wages Paid After June 30, 2001) - Pub. 15-T - is available for download on the APA web site at: http://www.americanpayroll.org/new110.html
  
  
• The percentage method tables are included on pages 3-4 of Pub. 15-T. Note that the withholding allowance values for 2001 and the advance earned income credit payment tables for 2001 are unchanged.
  
  
• Pub. 15-T includes a "Notice to Employees" (see p. 63) about the changes in income tax withholding and a reminder that if they do not want their withholding reduced, they can file a new Form W-4, Employee's Withholding Allowance Certificate (the 2001 W-4 remains unchanged). Information about the advance payment checks and their distribution schedule is included on the web page. Additional information about the tax bill is available at: http://www.americanpayroll.org/taxcut.html
  
  
• Note: Pub. 15-T has been updated by the IRS. If you downloaded the file before June 12, check to see that you have the corrected file. The correction is on page 4, Table 7(b). The corrected amount is $21,448.50.

Tax Cut Law to Have Major Impact on Payroll -

• The Economic Growth and Tax Relief Reconciliation Act of 2001 - This new law contains the largest tax rate reductions in 20 years and will have an immediate impact on payroll operations, with reduced tax rates going into effect on July 1, 2001 and revised withholding tables on the way from the IRS.
  
  
• As always, APA's editorial staff is on top of these changes, and you can find an article with highlights of this revolutionary legislation on APA's web site at http://www.americanpayroll.org/taxcut.html
  
  
• APA has also added a special audio seminar to its popular Audio Seminar Training Series which will be devoted solely to the immediate impact of the new law on payroll operations.  Watch your fax machine for details on this important learning opportunity.

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