Auto Update available for 2010 941 form
by TedUpdate 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.
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Payroll Newspaymaster-pro.com |
AUTO UPDATE EOY now available.
by TedAs 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.
by Tedhttp://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 TedThe 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
by TedFour 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
by TedNew 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 Gov. Arnold Schwarzenegger increases personal income tax withholding
by TedWithholding. will increases by 10%, effective for wages paid after October 31, 2009. Similarly, withholding on supplemental wages increase from 6% to 6.6% effective for supplemental wages paid after October 31, 2009.
New tax tables will be available once the official tables are released…
This is the second time this year that CA has issued tax tables and increased withholding.
Minimum wage increases in July
by TedThe federal minimum wage will be $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. In cases where an employee is subject to both state and federal minimum wage laws, the employee is entitled to the higher minimum wage.
Of course, the states do not make it easy. Only 12 states including Texas, Indiana, Idaho, Maryland, North Carolina, North Dakota, Oklahoma, South Dakota, Virginia, Montana, Nebraska and Utah will increase the state minimum wage on July 24, 2009 when the new federal rate of $7.25 per hour is introduced. Most of these states have legislation that ties the state minimum wage to the federal rate.
On July 1 2009, ILLINOIS will increase to $8.00 and again next year Jul. 1, 2010 to $8.25.
Also on July 1 2009, KENTUCKY will increase to $7.25, ahead of the feds.
Be sure to Update your Division settings first and then you can use the Mass Assign Raises to get all your sub-minimum and minimum wage employees in compliance.
More states are available here or please consult your local DOL for the most updated news.
California Taxpayers Should Review Their Withholding to Avoid Tax Bills
by TedReleased: 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.
Restaurant industry outlook improves
by Tedhttp://www.bizjournals.com/albany/stories/2009/06/01/daily59.html
The outlook for the restaurant industry grew more optimistic in recent months, as the National Restaurant Association’s comprehensive index of restaurant activity registered its fourth consecutive monthly gain in April.
The Association’s Restaurant Performance Index (RPI) — a monthly composite index that tracks the health of and outlook for the U anchor.S. restaurant industry — stood at 98.6 in April, up 0.8 percent from March, its highest level in 11 months.