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Taos, NM, United States, 2010/04/02 - Universal Business Computing Company, the leading provider of high volume, high productivity payroll and accounting software, announces they are the first to market with their payroll software to handle the HIRE Act 6.2% payroll tax incentive.
UBCC Announces Their Payroll Software is First to Market with Automatic Compliance for HIRE (Hiring Incentives to Restore Employment) Act
Law Passed on March 18, 2010 Provides 6.2% Payroll Tax Incentive for Employers Hiring Workers Previously Unemployed or Working Part-Time
Universal Business Computing Company, the leading provider of high volume, high productivity payroll and accounting software, announces they are the first to market with their payroll software to handle the HIRE Act 6.2% payroll tax incentive for employers hiring workers previously unemployed or working part-time.
“Being first to market was no easy task. We had to substantially modify 12 print programs and the core of the payroll calculation, in order to make the entire process automatic for our clients in our payroll software,” said Ken Garen, CPA, President and Co-Founder of UBCC.
UBCC payroll software clients simply select “YES” to the “HIRE CREDIT” option on their employee maintenance screen, indicating the employee is eligible for the credit; the previously earned credit will be included in the first check the employee receives, and the credit will be in all subsequent checks for 2010. “We are giving our clients a strategic advantage by this rapid response and timely implementation of tax law changes,” continued Garen.
“As always, I can trust that UBCC will be on top of any tax law changes which makes it easy for us users to be in compliance or in this case take full advantage of the law change,” said Shawn Kennedy, Controller, MHR Sonic of Phoenix LLC. UBCC has modified its payroll software to ensure this tax law change will be seamless for the operator to integrate, and to ensure the employer immediately gains the 6.2% payroll tax incentive on wages paid to these workers after March 18, 2010.
About Universal Business Computing Company (UBCC)
Founded in 1981, UBCC (ubcc.com) is the leading provider of high volume, high productivity payroll and accounting software for payroll and accounting professionals. UBCC offers four different packages to professional accounting firms, payroll service bureaus and commercial businesses: Client Data Center, Payroll Service Bureau, PEO Enterprise, and Real-Time Accounting for Business. Modules include: Unified Payroll, General Ledger, Accounts Payable, Accounts Receivable, Bank Reconciliation, Depreciation, Order Billing, Inventory Management, and Job Management. Technical support and customer service is available 24 hours a day, seven days per week. EXPERIENCE a 30-SECOND PAYROLL! For more information, call toll-free 800-827-8610 or visit UBCC online.
Leslie Garrett, Accounting Edge Marketing