Thursday, December 10, 2009

Payroll Mate 2010

Real Business Solutions has released Payroll Mate 2010. A few new features in the program are state reporting for California and New York and a general ledger report. The general ledger report can be exported as a .qif file to be imported directly into Quicken or an excel file.

Remember besides preparing for next year's payroll you have to prepare for end of the year wage reporting. Employers are required to file W-2 Forms (Wage and Tax Statements) for each of their employees. Employees whom have had income, Social Security and Medicare taxes withheld from their pay. A W-3 form is required to be filed with the W-2 Forms. A W-3 Form is a transmittal summary. This form gives a total amount and number of the W-2 forms being filed. W-2/W-3 forms are filed with the Social Security Administration not the Internal Revenue Service. At this time the SSA requires any employer filing more than 250 W-2 Forms to file those forms electronically versus mailing paper forms. W2 forms are to be issued to employees no later than January 31st. Employee copies consist of copies B, C and 2.
Payroll Mate
supports these forms.

Fourth quarter 941 forms are due January 31st encompassing payroll in October, November and December. Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax which is due February 1st. Payroll Mate supports both these federal tax forms.

To try this comprehensive payroll software for yourself download a free demo program from the following link:
Payroll Mate Demo

For more information about software and wage reporting supplies visit Real Business Solutions