Payroll

Friday, March 12th, 2010

Where to Mail Form 940 | Where to Mail 940 Form | Where to Mail 2009 Form 940

 

Employers required to generate, to print and to mail form 940 can use our payroll software to accomplish this task. Where to mail form 940 depends on your location and whether you are including a payment. If you have not tried Payroll Mate yet, you can download a free demo of our 940 form software.

Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. The FUTA tax applies to the first $7,000 you pay to each employee during a calendar year minus any payments exempt from FUTA tax. The due date for filing 2009 Form 940 is February 1, 2010. If you deposited all your FUTA tax when it was due, the due date for 940 Form is extended to February 10, 2010. Payroll Mate our small business payroll software supports 940 forms. The program will automatically generate and print the 940 futa tax form including totals using the payroll information you have entered throughout the year.

Mail Form 940 to the following address:
If you are in… Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin and are not submitting a payment mail the form to Department of the Treasury, Internal Revenue Service Cincinnati, OH 45999-0046 if you are in the above states and are submitting a payment mail the form to Internal Revenue Service, P.O. Box 804521 Cincinnati, OH 45280-4521

If you are doing payroll in California , Alabama, Alaska, Arizona, Arkansas, Colorado, Florida , Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska ,Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming and are not submitting a payment mail the form to Department of the Treasury, Internal Revenue Service Ogden, UT 84201-0046 if you are in the above states and are submitting a payment mail the form to Internal Revenue Service, P.O. Box 105078 Atlanta, GA
30348-5078

If you are in… Puerto Rico or U.S. Virgin Islands and are not submitting a payment mail the form to Internal Revenue Service, P.O. Box 409101 Ogden, UT 84409 if you are in the above states and are submitting a payment mail the form to Internal Revenue Service, P.O. Box 105174 Atlanta, GA 30348-5174

If the location of your legal residence, principal place of business, office, or agency is not listed . . . and are not submitting a payment mail the form to Internal Revenue Service, P.O. Box 409101 Ogden, UT 84409 if you are in the above states and are submitting a payment mail the form to Internal Revenue Service, P.O. Box 105174 Atlanta, GA 30348-5174

You can find more information about Payroll Mate by going to http://www.realtaxtools.com/ or by downloading a free demo of our payroll/ 940 form software.

Wednesday, March 10th, 2010

How to do Payroll Yourself | How to do 2010 Payroll by Yourself

 

How to do payroll yourself? There is no need to outsource 2010 payroll responsibilities. Effortlessly create payroll yourself by using Payroll Mate. Our payroll software figures payroll income taxes, generates payroll reports and creates pay checks. Enter your company information and begin doing payroll yourself. Download a free payroll software demo see how simple doing payroll yourself can be.  Visit www.realtaxtools.com to get started today .

With the help of our step by step set-up wizards enter information into Payroll Mate. Company information includes name, address and phone number. Federal and state tax information located in the company information consists of EIN, state unemployment rate, and state disability rate if applicable. When inputting company information to do payroll yourself you are able to select types of incomes, deductions and taxes related to your company and employees.

Our small business payroll software includes an employee set-up wizard to help guide you through the process of entering employee data. In these screens enter basic information such as employee name, address and social security number. Move through the set-up to select filing status, exemptions and pay frequency. The next few screens allow the user to choose types of income, taxes and deductions which apply to each particular employee. Of course at any time any and all of this information can be edited, updated and/ or deleted.

Once company and employee payroll data has been enter you are ready to do payroll yourself. With a few simple clicks create a  payroll check and a pay stub for each of your employees. Click on the pay button in our payroll software a check details screen will appear. In this screen you will see all taxes and deductions have been calculated, you will see the net and gross pay for this check.

We have customers who use our payroll software to do payroll in Alabama (AL) , Alaska (AK) , Arizona (AZ) , Arkansas (AR) , California (CA) , Colorado (CO) , Connecticut (CT) , District of Columbia (DC) , Florida (FL) , Georgia (GA) , Hawaii (HI) , Idaho (ID) , Illinois (IL) , Indiana (IN) , Iowa (IA) , Kansas (KS) , Kentucky (KY) , Louisiana (LA) , Maine (ME) , Maryland (MD) , Massachusetts (MA) , Michigan (MI) , Minnesota (MN) , Mississippi (MS) , Missouri (MO) , Montana (MT) , Nebraska (NE) , Nevada (NV) , New Jersey (NJ) , New Mexico (NM) , New York (NY) , North Carolina (NC) , Ohio (OH) , Oklahoma (OK) , Oregon (OR) , Pennsylvania (PA) , South Carolina (SC) , South Dakota (SD) , Tennessee (TN) , Texas (TX) , Utah (UT) , Virginia (VA) , Washington (WA) , West Virginia (WV) and Wisconsin (WI)

Examples of types of incomes supported by our payroll software include regular, overtime, bonus, commission, vacation and per mile.  Examples of types of deductions include 401K, 403b , dental insurance, medical insurance , dependent care and child support .

Try this cost effective simple to use payroll program and do payroll for yourself. Actually enter a company, employee and create a check in our free payroll software demo.

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.