Tuesday, January 10, 2012

Recapture Provision? What Recapture Provision?

We have had a few clients ask about the recapture provision of the payroll tax cut extension.  Essentially, the recapture provision says that if an employee makes more than a set amount in the first two months of this year, the excess has to be taxed at 6.2%.  What?  How does that work?

Well, fortunately Terry Heley at Microsoft wrote a fabulous blog post explaining this provision and why GP doesn't do it...

Check it out!

Christina Phillips is a Microsoft Certified Trainer and Dynamics GP Certified Professional. She is a supervising consultant with BKD Technologies, providing training, support, and project management services to new and existing Microsoft Dynamics customers. This blog represents her views only, not those of her employer.

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