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Late Breaking News

Interest Rates Unchanged for Thrid Quarter of 2012

May 22, 2012- The internal Revenue Services stated in Revenue Ruling 2012-16 and IR -2012-55, the interest on tax overpayments and underpayments will remain the same for the third quarter of 2012.

The interest rates will be 3 percent (3%) for overpayments  (2 percent for a corporation), 3 percent (3%) for underpayments, 0.5 percent for the portion of a corporate underpayments. The interest rates announced by the IRS are computed from the Federal short-term rate determined during April 2012 to take effect May 1, 2012 based on daily compounding. The quarterly determination is required by Section 6621 of the Internal Revenue Code.

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Founded in 2003 under the premise to provide Hawaii Businesses with better Advice, better Service, better Value... for an Easier life and Peace of Mind! We understand payroll is the largest expense and biggest challeng for any business. Whether you're hiring your 1st employee, or you employee thousands. Simplify your payroll processing, payroll funds disbursement; let our knowledgeable staff with 20 years experience work for your company, while saving 15-30% on your overall payroll processing expense.

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Hawaii Payroll Services

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