Date Posted: 1/23/2012
UBCC Announces Their Payroll Software is First to Market with 5884-B HIRE Retention General Business Credit Tax Form
Leading the Payroll Industry in Compliance with the 2nd Half of the 2010 HIRE Act
January 23, 2012 – TAOS, NM. – Universal Business Computing Company (www.ubcc.com), the leading provider of high volume, high productivity payroll and accounting software, announces the release of the 5884-B HIRE Retention General Business Credit tax form. UBCC is first to be in compliance with this highly complex payroll legislation.
“UBCC Payroll Software automatically calculates and prints both the tax form and a worksheet for the highly complex HIRE Retention Credit that results in the business getting a general tax credit on their returns,” said Ken Garen, CPA, President and Co-Founder of UBCC. “Two years ago we were the first payroll software to be in compliance when the first half of the HIRE Act was passed, and we are very proud to be first to market with this form,” continued Garen. “Literally all our clients need to do on this is to ask for the form to be printed.”
The first part of HIRE act started March 18, 2010, which gave business a 6.2% FICA tax reduction for hiring workers previously unemployed or working part-time. “To stay ahead of all other payroll software providers on this initiative was challenging; the calculations are incredibly complex,” said Garen. “I am proud to say this is in line with UBCC’s corporate culture and our long-standing commitment to continue to rapidly evolve well ahead of all others – our software platform has the power and flexibility that makes it impossible for others to keep up.”
About Universal Business Computing Company (UBCC)
Founded in 1981, UBCC (http://ubcc.com) is the leading provider of high volume, high productivity payroll and accounting software for payroll and accounting professionals. UBCC offers four different packages to professional accounting firms, payroll service bureaus and commercial businesses: Client Data Center, Payroll Service Bureau, PEO Enterprise, and Real-Time Accounting for Business. Modules include: Unified Payroll, General Ledger, Accounts Payable, Accounts Receivable, Bank Reconciliation, Depreciation, Order Billing, Inventory Management, and Job Management. Technical support and customer service is available 24 hours a day, seven days per week. For more information, call toll-free 800-827-8610 or visit UBCC online at www.ubcc.com.
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