We have released a new copy of our Payroll Mate payroll software with support for the latest 2013 form 941 (Employer’s Quarterly Federal Tax Return). The IRS has introduced a number of changes in the form for 2013 to reflect the recent updates in tax laws and regulations.The percentage on Box 5a is now .124 instead of 0.104. This change reflects the increase in employee portion of social security tax from 4.2% to 6.2%.
The IRS also introduced a new box : 5d Taxable wages & tips subject to Additional Medicare Tax withholding. This box is used to report additional Medicare tax which became effective in 2013 for wages above $200K.
If you already own a copy of Payroll Mate 2013, you will automatically get this new 941 form through the built-in auto update feature. If you would like to download an evaluation copy of Payroll Mate 2013 you can do so by visiting our payroll software download page.