Payroll News » PayMaster Software

2011 is a Tax Holiday!

Ted — Mon, 20 Dec 2010 14:38:15 +0000

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. The 941 form will be updated as well before the end of the first quarter.

Also included in the latest update are the new federal tax tables that extend the ‘Bush tax cuts’ but remove the ‘Making Work Pay’ credit. Employees will see a slight increase in federal withholding but the 2% credit should increase their net pay a bit. Tipped employees should have fewer unpaid FICA taxes as well.

Grab the update now or call support for assistance.

PayMaster Summer Hours

Ted — Wed, 30 Jun 2010 20:37:17 +0000

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 unique situations.

Friday July 2nd and Monday July 5th the office will be closed.
Tuesday July 6th—Friday July 9th support will be handled by the VA office.

You will still be able to call us toll-free
(800) 327-4243 to reach either office.

Quick Link to Auto-update.

941 Will change multiple times in 2010

Ted — Mon, 29 Mar 2010 14:59:58 +0000

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 lines to take the credit for part of the first quarter and the complete second quarter. 3Q and possibly 4Q will have lines to take this credit just for their respective quarters.

The 1Q 941 form for 2010 is available now. Once the IRS releases the new 2Q-4Q forms, and official guidance, the forms will be made available through auto-update.

Auto Update available for 2010 941 form

Ted — Fri, 19 Mar 2010 15:35:43 +0000

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.

Ted — Thu, 10 Dec 2009 14:52:13 +0000

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 you need assistance or questions about this patch feel free to call support.

December Blue Pages now online.

Ted — Wed, 25 Nov 2009 20:02:13 +0000

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

Ted — Thu, 22 Oct 2009 13:30:36 +0000

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 download. The Troubleshooting page contains guidance to help you through downloading problems. The Help Guide contains extensive information on viewing, testing, and correcting errors in the wage report file. Windows Vista users can now access the Help Guide from within the AccuWage software and/or download it from the Quick Links section.

Three states have new tax tables in Oct 2009

Ted — Mon, 05 Oct 2009 15:36:27 +0000

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 patches. Read the description and see which ones apply to your situation and then check off those and apply to all companies. If you need help wit this feel free to call support 9-5 EST.

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validSSN_Oct012009.sql

Updated SSN database as of Oct 1 2009
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Oct312009_tax_CA.sql

10% tax increase in the state of California.
Tables should be used for the months of November and December
So expect new tables again at the beginning of the year!

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Oct012009_tax_WI.sql

New witholding 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

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Oct012009_taxIN.sql

New local tax rates for the state of Indiana effective Oct 1 2009
10 Countries updated:
Bartholomew, Carroll, Grant, Hancock, Lawrence, Monroe, Parke, Posey, St Joseph, Wabash

Wisconsin raises withholding. 10/1/2009

Ted — Mon, 03 Aug 2009 16:04:12 +0000

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

Ted — Mon, 15 Jun 2009 13:55:17 +0000

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 next April.

The Employment Development Department (EDD) made new withholding tables available to employers in April, but taxpayers may be under withheld at least from January through April 2009.

The updated tax tables were issued to Paymaster users in April but you still may be underwitheld as the increase was retro active.

The new withholding tables factor in the changes for the tax rate increase only, so taxpayers claiming dependent exemption credits may still need to modify their wage withholding on Form DE 4, Employee’s Withholding Allowance Certificate, to make any needed changes to the number of allowances they claim.