With Thanksgiving over, the holiday season kicks into high gear. Between running your business and dealing with the holidays, who has time to deal with employee administration? People Lease can help you save valuable time and money when it comes to running your business. We make your life easier… because we do all the work!

* Complete Payroll Processing, Tax Payment and Filing
* “Pay-As-You-Go” Workers’ Compensation
* Customized Retirement Plans
* 24/7 Online Human Resources Support Center
* ... and much more!

We are so sure you will be satisfied with our services that we offer a 120 day money-back guarantee. Call or email us today to receive your free quote!

It's often said that patience is a virtue.  That's certainly true when it comes to taking your Social Security retirement benefits.  In a story for Investor's Business Daily, Donald Korn looks at the advantages of waiting a few years to start drawing your Social Security checks.

A person who starts getting a check at 62 (the first year people born from 1943-1954 are able) will only receive 75% of their benefits.  Waiting only one year to age 63 provides an increase of 5% and by age 66 the benefits are increased to 100%.  Also, every year you wait you get a delayed retirement credit amounting to 8% per year (up to age 70).  That means you can receive checks up to 32% larger than they would at age 66.

For more information, read the full article here.

IRS Announces Pension Plan Limitations for 2012

Everyone knows that the cost of living is going up on a yearly basis, if not faster than that. The IRS has announced that it has adjusted dollar limitations for pension plans and other retirement-related items for the Tax Year 2012. The highlights of this adjustment are as follows:

• The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $16,500 to $17,000.
  
• The catch-up contribution limit for those aged 50 and over remains unchanged at $5,500.
  
• The deduction for taxpayers making contributions to a traditional IRA is phased out for singles and heads of household who are covered by a workplace retirement plan and have modified adjusted gross incomes (AGI) between $58,000 and $68,000, up from $56,000 and $66,000 in 2011.  For married couples filing jointly, in which the spouse who makes the IRA contribution is covered by a workplace retirement plan, the income phase-out range is $92,000 to $112,000, up from $90,000 to $110,000.  For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $173,000 and $183,000, up from $169,000 and $179,000.
  
• The AGI phase-out range for taxpayers making contributions to a Roth IRA is $173,000 to $183,000 for married couples filing jointly, up from $169,000 to $179,000 in 2011.  For singles and heads of household, the income phase-out range is $110,000 to $125,000, up from $107,000 to $122,000.  For a married individual filing a separate return who is covered by a retirement plan at work, the phase-out range remains $0 to $10,000.
  
• The AGI limit for the saver’s credit (also known as the retirement savings contributions credit) for low-and moderate-income workers is $57,500 for married couples filing jointly, up from $56,500 in 2011; $43,125 for heads of household, up from $42,375; and $28,750 for married individuals filing separately and for singles, up from $28,250.

Should you need further information on this announcement visit www.peoplelease.com for all of your retirement planning needs. 

DePoyster Earns License

Check out this great press release for Christina DePoyster receiving her agents license in property and casualty insurance.

Congratulations!