Payroll Processors Fume as Congress Fiddles on Tax-Cut Extension
Richard Rubin, C2011 Bloomberg News Monday, December 19, 2011 Dec. 19 (Bloomberg) -- Payroll processors are watching Congress with frustration as a Dec. 31 deadline for extending a payroll tax cut nears, and are warning companies about the difficulty of implementing a temporary provision passed by the Senate. Payroll companies can react quickly to a yearlong extension for the first paycheck of 2012 or adjust the second paycheck to correct problems, said Pete Isberg, president of the National Payroll Reporting Consortium, an industry group. Payroll providers still don't like a second consecutive year of December tax law changes or the Senate-backed two-month extension of the tax cut that could create unprecedented complications. "Payroll people feel like their concerns are not heard at the congressional level sometimes," said Mike O'Toole, who oversees government relations at the American Payroll Association. "Or else, Congress wouldn't even consider so...