On December 16, 2024, the IRS released the final federal withholding tax tables for 2025 and the new withholding rules have been implemented inside our 2025 Payroll Mate payroll software. The official IRS Publication 15-T for 2025 includes both “Percentage Method Tables for Automated Payroll Systems,” which is the calculation method used by Payroll Mate, … Read more
What is IRIS? The Information Returns Intake System (IRIS) is a newly launched website by the Internal Revenue Service (IRS) designed to make the process of filing 1099 forms easier and faster. The primary goals of developing IRIS include reducing the number of paper form 1099 submissions, providing a user-friendly 1099 electronic filing option, enhancing … Read more
The 2024 Colorado W2 Electronic Filing Specifications in the CDOR-EFW2 Format are now available on the state department of revenue website by visiting https://co.colorado.gov/ . W2 Mate 2024 software has been updated to incorporate the latest specifications and allow Colorado filers to generate the W2 E-File submissions, ready for upload to Colorado’s “Revenue Online” service. … Read more
In early October 2024, the Indiana Department of Revenue published the revised 2024 EFW2 (W-2 Electronic Filing) guide. This updated document outlines the requirements for electronically submitting W-2 information to the Indiana Department of Revenue (DOR) regarding state and county taxes withheld from Indiana residents. The guide includes important information such as: File Format: The … Read more
In August 2024, the Social Security Administration (SSA) released updated specifications for both paper forms and electronic filing formats for Forms W-2C and W-3C to address 2024 W-2 corrections for the coming 2025 tax season. These updates have been incorporated into W2Correction Mate® 2024, our SSA-approved software designed for businesses of all sizes and tax … Read more