Women & Money Forum at CWBA and 2013 IRS Guidance

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SBA New Hampshire District Office

www.sba.gov/nh

Women & Money Forum at CWBA

It's that time of year again. Resolutions are being shared and talked about at the water cooler and dinner tables alike. We dust off the renewed commitments to improving our health but did you include your financial health too?

Join us at the Women & Money Forum hosted by the Center for Women’s Business Advancement at Southern New Hampshire University in collaboration with the New Hampshire State Treasurer’s Office and the U.S. Small Business Administration (SBA)

January 10, 2013 from 8:00 a.m. – 4:00 p.m. @ Robert Frost Hall, Southern New Hampshire University,  2500 North River Road, Manchester, NH 03106

Here’s your opportunity to Learn, Earn and Grow from the experts on topics such as:

Learn: Understanding Credit & Your Credit Score presented by Sue Smulski, Vice President, Citizens Bank, Your Place Banking;

Earn: Discuss Investments 101 & How to Choose a Financial Advisor with Sara Serling, Financial Advisor, Morgan Stanley;

Grow: How to Determine Growth for Profit vs. Expansion with Dianne Mercier, President,NH, People’s United Bank; and Jules Brayman, CPA, Brayman, Houle, Keating & Albright

These are a few of the topics that will be presented at the Women & Money Forum, Cultivating Prosperity. Smart women know that the key to building their strong business is developing knowledge, skills and resources that will help them to grow and prosper.

For Registration Information please call (603) 629-4697 or email Tammy Hastings at t.hastings@snhu.edu to register through a scholarship.

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact us via email or call 603-629-4697 when making a request.

IRS Provides Withholding Guidance for 2013

WASHINGTON — The Internal Revenue Service today released updated income-tax withholding tables for 2013 reflecting this week’s changes by Congress. 

The updated tables, issued today after President Obama signed the changes into law, show the new rates in effect for 2013 and supersede the tables issued on December 31, 2012. The newly revised version of Notice 1036 contains the percentage method income-tax withholding tables and related information that employers need to implement these changes.

In addition, employers should also begin withholding Social Security tax at the rate of 6.2 percent of wages paid following the expiration of the temporary two-percentage-point payroll tax cut in effect for 2011 and 2012. The payroll tax rates were not affected by this week’s legislation.

Employers should start using the revised withholding tables and correct the amount of Social Security tax withheld as soon as possible in 2013, but not later than Feb. 15, 2013. For any Social Security tax under-withheld before that date, employers should make the appropriate adjustment in workers’ pay as soon as possible, but not later than March 31, 2013.

Employers and payroll companies will handle the withholding changes, so workers typically won’t need to take any additional action, such as filling out a new W-4 withholding form.

As always, however, the IRS urges workers to review their withholding every year and, if necessary, fill out a new W-4 and give it to their employer. For example, individuals and couples with multiple jobs, people who are having children, getting married, getting divorced or buying a home, and those who typically wind up with a balance due or large refund at the end of the year may want to consider submitting revised W-4 forms.

More information can be found on www.irs.gov.