I hope everyone has been enjoying the holiday season. In between overindulging in yummy food and preparing to ring in the New Year (is it really 2012 already?), I wanted to take a moment to highlight a few timely tidbits.

Don’t Forget…

Hurry! Renew your NASPP membership for 2012 (if you aren’t an NASPP member, join today). Don’t miss out on any content; make sure you renew your membership before you head off to those New Year’s Eve parties!

Mark your calendar for our next webcast on January 26th: “Alan Dye on the Latest Section 16 Developments.”

Looking for Something Fun to Do?

Slow week in the office? Looking for something fun to pass the time this holiday week? Be the first to measure your global tax withholding practices in our new Compliance-O-Meter. In addition, you can participate in the Question of the Week Quiz. If you haven’t been playing all year, this is a great time to start: scores reset next week and it’s a whole new game!

In the News…

Last week I blogged twice about the drama over the payroll tax cut and whether or not it would be extended past January 1, 2012. On Friday, December 23rd, the House and Senate both passed a measure extending the cut for two additional months, through February 29, 2012. President Obama signed off on the extension the same day, ending the controversy for now. This means that there are no imminent changes to the social security tax withholding rate; it will remain at 4.2% as we advance into the New Year. The payroll tax cut is certain to be an area of debate in the next couple of months, so stay tuned for more on this topic.

I wish everyone a safe and happy New Year. See you in 2012!

– Jennifer