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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 09-05-2013, 01:22 PM
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Karen123456 Karen123456 is offline
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Smile Ohio State Tax Cuts; Employees May Seen Bigger Paychecks

According to Ohio Department of Taxation, House Bill 59 (H.B. 59) cuts individual income tax rates 10% or $3 billion over the next three years. The new Employer Withholding Tables take effect on September 1. This bill cuts tax rates by 9.0% (includes 8.5% cut in 2013 and 0.5% cut in 2014). Employers should start the new tax rate as soon as possible to reduce employees’ withholding.

Many employees may see bigger paychecks.

Learn more about Ohio Payroll at
http://www.halfpricesoft.com/ohio-payroll-software.asp
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