Payroll

Tuesday, March 9th, 2010

2010 California Payroll Taxes: California payroll tax calculation in 2010

 

2010 California Payroll Taxes can be calculated using our Payroll Mate payroll software. You can test drive the software for free by visiting the 2010 payroll software page.

For tax year 2010 the following California Payroll Taxes are in effect:

2010 PIT Withholding – California provides two methods for determining the amount to be withheld from wages and salaries for state personal income tax: Method A – Wage Bracket Table Method and Method B – Exact Calculation Method.  The Exact Calculation Method may be used to calculate payroll withholding amounts either manually or by computer. This method will give an exact amount of tax to withhold. To use this method, you must enter the payroll period, filing status, number of withholding allowances, standard deduction, and exemption allowance credit amounts.

California Withholding Tables – 2010

Table 1 – California 2010 Low-Income Exemption Table
Payroll Period Single Married Unmarried Heads of Household
Exemptions All 0 or 1 2 or more All
Biweekly 428 428 856 856
Monthly 928 928 1855 1855

 

Table 2 – California 2010 Itemized Deduction Allowance Table
Payroll Period Number of Exemptions
1 2 3 4 5 6 7 8 9 10
Biweekly 38 77 115 154 192 231 269 308 346 385
Monthly 83 167 250 333 417 500 583 667 750 833

 

Table 3 – California 2010 Standard Deduction Table
Payroll Period Single Married Unmarried Heads of Household
Exemptions All 0 or 1 2 or more All
Biweekly 140 140 280 280
Monthly 303 303 606 606

 

Table 4 – California 2010 Personal Exemption Credit Table
Pay Period Marital Status Number of Exemptions
0 1 2 3 4 5 6 7 8 9 10
Biweekly All 0 4.15 8.29 12.44 16.58 20.73 24.88 29.02 33.17 37.32 41.46
Monthly All 0 8.98 17.97 26.95 35.93 44.92 53.90 62.88 71.87 80.85 89.83
 
2010 California State Unemployment
 
New Employer Rate  3.40%
Minimum Rate  1.50%
Maximum Rate 6.20%
You will need to contact EDD to know your exact 2010 California  State Unemployment rate.
 
2010 California Disability Insurance Tax  
Paid by the employee at the rate of 1.10%, with a maximum withholding limit  of $1026.48 per year.
 
 
Our small business payroll software is easy and affordable. Please visit www.realtaxtools.com to learn more …
Tuesday, March 9th, 2010

House passes HIRE Act : Payroll Tax Forgiveness – Payroll Tax Credit

On March 4, 2010, the House passed the Hiring Incentives to Restore Employment (HIRE) Act. This is how the new act affects payroll taxes:

The HIRE Act would provide businesses with an exemption from Social Security payroll taxes they owe for every worker hired in 2010 who has been unemployed for at least 60 days. The maximum value of this incentive is $6,621, which equals to 6.2 percent of wages paid in 2010 up to the FICA wage cap of $106,800. The longer that a business has a new qualified worker on its payroll, the greater the tax benefit. This would create an incentive for businesses to hire people now.

In addition, to promote long-term employment, there would be an additional $1,000 income tax credit for every new employee retained for 52 weeks.

Our payroll software is very flexible and allows the employee and employer to be setup as exempt from any type of tax including the Social Security payroll tax. Please visit the payroll mate page to learn more and to download a free payroll software demo.

Tuesday, March 9th, 2010

Oklahoma Changes Payroll Withholding Payment Schedule for 2010

 

Effective March 1, 2010, all employers who are required to remit Federal payroll withholding according to the Federal semi-weekly deposit schedule are now required to remit Oklahoma state income tax withholding according to the same Federal schedule. Taxpayers who are required to remit semi-weekly withholding should electronically remit and report Oklahoma withholding taxes through QuickTax, the Oklahoma Tax Commission’s free Internet-based reporting system available at  www.tax.ok.gov .

Every employer required to deduct and withhold Oklahoma payroll income tax from an employee’s wages must file a report each calendar quarter on or before the 20th day of the month following the close of the quarter, except where the amount withheld is more than $500.00 per quarter. Where the tax withheld is in excess of $500.00 per quarter, but less than $5,000.00, a report must be filed on a monthly basis on or before the 20th of the following month. Where the tax withheld is $5,000.00 or more per month in the previous fiscal year every employer shall file returns electronically.

Our payroll software automatically calculates Oklahoma withholding and helps you manage Oklahoma payroll yourself. For a free payroll software download, please visit our download page or visit the small business payroll software page.

Friday, March 5th, 2010

Payroll 2010 | Payroll Software 2010 | 2010 Payroll

 

2010 payroll can be easily prepared using our 2010 payroll software. Payroll Mate is a cost effective solution for processing payroll 2010 checks and tax forms. Payroll Mate has many benefits including up to date 2010 state and federal tax tables, automated calculations, customizable deductions, incomes and tax categories. See the many benefits of our 2010 payroll solution by downloading a free demo from the 2010 payroll software download page.

Payroll Mate is stand alone in-house payroll 2010 preparation software. Feel a sense of security knowing your password protected information cannot be viewed online. Be confident the 2010 payroll tax calculations made by Payroll Mate are accurate. We have the most up to date tax tables at all times. Tax tables as with all updates are sent electronically over the internet. 2010 payroll software prompts the user to check for updates so you never miss an opportunity to update your program.

2010 Small Business payroll software greatly reduces the time to prepare 2010 payroll for business owners. The program automatically computes 2010 taxes, prints payroll reports for 2010,  federal forms and checks. These reports allow users to get an overview of their payroll history and pull up records for various dates within the tax year. Examples of these reports are tax liability, journal details, journal summary, and employee earning total, deposit requirements, payroll taxes, payroll details, and pay periods. Payroll Mate also supports federal forms 2010 940, 2010 941, 2010 944 and 2010 W2 forms. Payroll Mate prints payroll checks and paystubs for your employees quickly and easily.

Our Payroll software for 2010 is low cost flexible software which can be adapted to fit your needs. Payroll Mate allows for the creation of custom made deduction, income and tax categories. User defined incomes, deductions and tax categories will also allow the business owner to create situations that may be unique to their specific company making it very flexible and powerful. Cooperative, courteous and accommodating support staff can enhance the users experience with the 2010 payroll software.

Find complete 2010 payroll tax software that fits the needs of most users regardless of their payroll requirements. Download Payroll Mate from our payroll software 2010 download page.

Wednesday, March 3rd, 2010

2010 Payroll Calculator | Payroll Calculator 2010 | 2010 Payroll Taxes Calculator

 

Use a 2010 payroll calculator to simplify payroll. Avoid manual calculation errors by using Payroll Mate 2010 payroll software. This payroll calculator automatically computes payroll taxes and deductions. See if this accommodating payroll calculator software will meet the needs of your company by downloading a free demo from our 2010 payroll calculator download page.

Avoid costly manual errors. Use an automated payroll calculator. Payroll Mate is accurate, efficient and consistent payroll software. The software calculates federal income tax withholding, Social Security tax, Medicare, state income tax withholding and local payroll taxes. The flexibility of this payroll calculator makes it an asset to all users. Payroll Mate 2010 allows the user to easily enter their own types of incomes, deductions and taxes or use the categories we have built in.

Types of payroll incomes built into 2010 payroll calculator include hourly pay, salary, commission, tips, overtime and more. When establishing a new payroll income it can be based on a number of different variables. Base new incomes on a fixed or variable amount, per year, per hour, per piece, per mile and/ or percentage of sales. Employers can create incomes that are tax exempt if this applies to their situation. Users also have the choice to select various deductions that will apply to various incomes.

As with types of incomes, Payroll Mate supports a number of built in deductions such as 401K and health insurance. We also allow user defined payroll deductions that may include union dues, loans and child support. Deductions can be calculated numerous ways and added as tax exempt if applicable. Deductions can be directed to W2 box 10, 12 or 14. You can add an unlimited number of deductions, the flexibility of this 2010 payroll calculator does not exclude any type of deduction.

Federal income tax withholding, state income tax withholding, Medicare, Social Security, federal unemployment, state unemployment, state disability insurance are built in automatically calculating tax categories in 2010 payroll calculator. Users can add an unlimited number of custom tax categories for example county taxes, school taxes and/ or municipality taxes. To add a new tax category simply fill in the tax details screen and apply the appropriate taxes to each employee.

Payroll Mate is extremely versatile software fitting the needs of all users. Payroll calculator 2010 automatically computes built in and user defined incomes, taxes and deductions.

Save time and money by using 2010 payroll calculator. Try it for yourself by downloading a free demo from our payroll software download page.