PayMaster EOY update available

by Ted

All customers who have a current support contract are entitled to receive the End of Year update and the 2009 tax tables. Please contact support before printing your 2008 W2s and before running your first 2009 payroll. Besides the 2008 W2 module, the EOY of update is a rollup of all the fixes, optimizations, and […]

Social Security issues guidance on the 2008 W2 season.

by Ted

Social Security Critical Links Update Your Payroll Records – Ask employees to verify their name and SSN before you close out your books and prepare Forms W-2. If a name has changed, continue to use the old name and tell the employee to contact Social Security to obtain an updated card. Using a new name […]

Three states announce 2009 Withholding rates

by Ted

Three states have made public their 2009 Withholding Tax Tables. California and Minnesota have both inflation adjusted their tax tables. Nothing too exciting here. New Mexico actually has lowered the top rate to 4.9% from 5.3% for single taxpayers making over 18050 and married taxpayers making over 31750. PayMaster Hospitality will update these and the […]

Indiana Withholding Update

by Ted

The Indiana Department of Revenue has revised some of its county income tax rate tables  The following counties have changed their income tax rates, effective Oct. 1, 2008. (1) Carroll:1.15% on residents and 0.4% on nonresidents (2) Huntington:1.6% on residents and 0.5% on nonresidents (3) Miami: 2.54% on residents and 0.965% on nonresidents (4) Posey: […]

W2 season is approaching!

by Ted

The latest issue of the Blue Pages will be mailed out today and you should be receiving them soon. They are also now available on our web site. Fall 2008 Blue Pages Be sure to make save the order for for W2s and mail or fax it in today. 2008 W2 Order  Form All orders […]

Say goodbye to Floppy A:

by Ted

Of course PayMaster has been able to create the MMREF / EFW2 format for years but this is a reminder to be sure you have an account at SSA.GOV as you won’t be able to send the feds a floppy this year. Beginning Dec. 1, 2008, filers of 250 or more Forms 1042-S, 1098, 1099, […]

The Dangers of Outsourcing Payroll

by Ted

The IRS is reminding employers that the decision to outsource their payroll is not an easy one. Many employers outsource some of their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit requirements are met and greatly streamline business operations. Some of the services they provide […]

California state computers can’t handle pay cut

by Ted

If Gov. Arnold Schwarzenegger wants to issue minimum-wage checks to 200,000 state workers in less than a month, he may want to rehire any semi-retired computer programmers he terminated last week. Democratic state Controller John Chiang said Monday it would take at least six months to reconfigure the state’s payroll system to issue blanket checks […]

On Vacation!

by Ted

I will be out of the office July 14th-18th and will return on Monday the 21st. Support will be handled out of the VA office. I hope you all can go a whole week without a Payroll News update !

Auto Update Your SSN Database.

by Ted

Each month the SSA releases an updated list of Social Security Numbers that are newly issued as of that date. PayMaster uses this list to double check your input when you enter a new hire.  If you get a message when entering a SSN , it could mean that its a newly issued number and […]