Payroll Software
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
On January 1, 2025, employers, accountants, payroll providers, and software developers should begin using the new SC withholding tables and formula. The 2025 South Carolina withholding rate is 3% for yearly incomes between $3,560 and $17,830. The rate is 6.2% for yearly incomes $17,830 and above. Yearly amount per allowance is $4,860. Maximum standard deduction … Read more
Starting with the 2024 tax year, the threshold for filing W2’s electronically is 125 or more. 2024 State of Arkansas W-2 / 1099 information must be submitted on or before January 31st 2025. W2 Mate 2024 supports the latest Arkansas W2 and 1099 electronic filing requirements including EFW2 format (W2s) and IRS Publication 1220 (1099s). … Read more
The 2025 MI withholding rate is 4.25% and the personal exemption is $5,800. The Michigan Department of Treasury has published the revised income tax withholding tables effective for the year 2025 with the following payroll periods: weekly, or 52 pay periods; biweekly, or 26 pay periods; semi-monthly, or 24 pay periods; and monthly, or 12 … Read more