2011 is a Tax Holiday!

by Ted

Here at PayMaster, we are celebrating early with the release of the year end update and tax tables. For all of 2011, employees will only have to pay 4.2% for OASDI where employers will still have to match the full 6.2%.  This has caused changes to the federal tax deposit report, GL report, 941 worksheet. […]

PayMaster Summer Hours

by Ted

On July 2-9 there will be limited support available as Ted will be taking a long overdue vacation. This time period coincides with the July 4th weekend so downtime should be limited. Rest assured that support will be handled through the VA office during that time period. and Ted will be available for the more […]

941 Will change multiple times in 2010

by Ted

Due to the available OASDI credit the HIRE act created, there will be multiple revisions to the 941 form this year. The credit is not available to take in the 1Q so the 1Q 941 is the same as the 2009 form except for the year. 2Q will have a new form that will have […]

Auto Update available for 2010 941 form

by Ted

Update available that allows you to print the 941 for 2010. Other fixes: Magmedia fix for MI locals. Magmedia now can be filter by locality for MI,OH More reports export to excel. 8027 for 2009.

AUTO UPDATE EOY now available.

by Ted

As of Dec 10 2009, the year end update for Paymaster is available for download from our website. http://computeraid-llc.com/win/ Download 2009_EOYUPDATE.exe and follow the instructions. Due to a significant change in the federal tax tables this update is INCOMPATIBLE with last years tables. Please apply the 2010-TaxTableUpdate.sql patch after applying this update. Of course if […]

December Blue Pages now online.

by Ted

http://paymaster-pro.com/pdfs/2009/BPDEC2009.pdf Auto-update info and EOY tax changes.

Social Security Wage Base Remains at $106,800 in 2010

by Ted

The Social Security Administration (SSA) announced that the 2010 social security wage base will be $106,800, unchanged from 2009. As in prior years, there is no limit to the wages subject to the Medicare tax; therefore all covered wages are still subject to the 1.45% tax. Also… The AccuWage 2009 software is now available to […]

Three states have new tax tables in Oct 2009

by Ted

Four New Patches for PayMaster Database. California, Wisconsin and Indiana locals have new tax tables that need to be applied in October. Updated SSN database also available. You can apply these patches yourself by going to Utilities/ Apply SQL Patches and select Internet /Check for SQL Patches. It should download at the minimum these four […]

Wisconsin raises withholding. 10/1/2009

by Ted

New withholding tables for WI to be used no later than Oct 1,2009. New upper level tax bracket (200K+) and increases across the board. Based on Method B http://www.dor.state.wi.us/pubs/pb166h.pdf Oct012009_tax_WI.sql is available now for updating.

California Taxpayers Should Review Their Withholding to Avoid Tax Bills

by Ted

Released: June 11, 2009 A new tax law raises California’s personal income tax rates by .25 percent.  The law also reduces the dependent exemption credit to the same amount of the personal exemption credit—a $210 difference per dependent using 2008 amounts. Some taxpayers may need to increase their wage withholding now to avoid owing taxes […]