Monday, October 26, 2009

Third Quarter 941 Form

The leaves are falling and we are preparing the third quarter 941 form. October 31st is the deadline for filing the
941 form. Payroll Mate makes generating this form a simple process. I have relieved myself of headaches and worry when it comes to filing payroll tax forms. This payroll software company is getting ready to release their 2010 payroll program.

To try this program for yourself:
Payroll software download

For more information about 941 form deadline:
941 form deadline

Monday, October 19, 2009

Video Tutorial- Payroll Software

Payroll Mate is a user friendly comprehensive payroll solution.

A new addition to the Payroll Mate website:
Payroll, W2 and 1099 Blog

Friday, October 9, 2009

Payroll Software Review

I saw this payroll software review. If you would like to read the review follow this link: payroll software review

For more information about the software or a complete feature and price list visit http://www.realtaxtools.com/

Thursday, October 8, 2009

1099 Software Review

I saw this review for another product by the makers of Payroll Mate. For business owners that hire contractors this is a nice form printing software. To read the review: 1099 software review


For more information about the software or a complete feature and price list visit http://www.realtaxtools.com/

Wednesday, October 7, 2009

State Reporting- Payroll Software

Payroll Mate is a wonderful small to medium business payroll software. The makers of Payroll Mate are consistently updating their product and adding new features to benefit their customers. The newest feature available is state reporting. This feature is available to Illinois and Texas customers now. I have been assured more states will be added over the coming months.

Payroll Mate automatically calculates net pay, federal withholding tax, Social Security tax, Medicare, state and local payroll taxes. Payroll Mate also supports different types of payroll pay periods, prints checks, prepares payroll forms 941, 944, 940, W2 and W3. This payroll software also supports user-defined Income, Tax, and Deduction categories. The software supports up to 10 companies with 75 employees per company.

This payroll software has many options that can be added to the basic program. For a complete list of features, options and a free trial go to http://www.realtaxtools.com/index.html

Monday, October 5, 2009

New Jersey Tax Changes

New Jersey is another state in a list of states this year that is implementing tax increases mid year. These types of increases are one of many reasons I strongly recommend
automated payroll software.

New withholding rates for New Jersey taxpayers grossing more than $400,000 go into effect no later than October 1, 2009. The increase applies to the entire 2009 tax year. On January 1, 2010 the withholding rate will revert back to the prior rate.

A reminder to New Jersey employers f you have questions about your responsibilities as an employer, call the Division's Customer Service Center at 609-292-6400 or e-mail us at nj.taxation@treas.state.nj.us.


For a free trial of Payroll Mate follow this link: Payroll Mate

Thursday, October 1, 2009

End of the Year Wage Reporting Preparation

The leaves are falling and though we may not want to believe it is already that time of year it is coming. The end of the year can be busy for many different reasons back to school, holidays and the looming tax season. Now is the time to start preparing for end of the year wage reporting. New business owners and seasoned veterans alike should get themselves organized for the end of the year. Preparation is key to the process running smoothly.

Beginning in October you can order your forms. You can order paper forms or form printing software. Form printing software allows the user to print W2 and W3
forms
A beneficial feature to look for when purchasing software is laser substitute printing. Laser substitute printing government approved W2 copy A and W3 forms to blank paper. You may have a payroll software that generates W2 forms in this case you may already be equipped with the supplies you need.

In November you can expect Federal Tax Employment Forms, IRS Pub No. 393 and MMREF-1 (Magnetic Media Reporting and Electronic Filing) booklet. IRS Pub No. 393 should include a label which is to be attached to the W3 form. MMREF-1 booklet is for those employers whom electronically file their wage reports. The booklet contains specifications and edits for filing wage reports electronically. An electronic file must meet the government specifications. To generate an acceptable file employers must use a software program that generates that particular format. As stated earlier form printing software that also has this capability can be most beneficial.

By December you should have informed your employees to update their federal income tax withholding form (W-4), file a new Earned Income Credit Advance Payment Certificate (W-5) and report any name changes if necessary. If you have any employees which claimed an exemption from federal income tax withholding in the past year should file a new W-4 forms before February 18th. On February 19th you will have to start withholding at a single person rate with zero exemptions if those employees have not filed a new W-4 form.

These few steps will help you prepare to issue W2 form to your employees and file W2 A and W3 forms with SSA. You will also be organized going into the next year. If you do not use payroll software or are being priced out of your current software the beginning of a new tax year is a perfect time to invest in a new program.