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Real Business Solutions Knowledge Base  |  General Category  |  Payroll Software FAQ  |  Is New Mexico's state income tax withholding included in this payroll software? « previous next »
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Author Topic: Is New Mexico's state income tax withholding included in this payroll software?  (Read 10703 times)
Real Business Solutions
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« on: May 23, 2007, 06:07:59 PM »

Payroll Mate, payroll software for small businesses, automatically calculates New Mexico income tax withholding.

Also, we recommend you contact the New Mexico Department of Revenue to check to see if any other taxes pertain to your employee. If there is you can create a new tax, income, and deduction categories under the Company tab.

Let me walk you through the process of creating a custom-defined tax:

1. Start by going to the Company Setup. You can do that by clicking on the “Company” button on the left side of the application.

2. Now click on the “Tax Categories” Button.

3. Click on Add to create a new Tax Category.

4. Fill in the different fields. Below are suggested values:

a. Title: School Tax.

b. Abbreviation: School Tax.

c. Calculation: Fill in the way you will calculate this deduction..

e. Press OK to finish.

5. Go to the employees list by clicking the “Employees” button on the left side of the application.

6. Select the employees who have to pay this tax and click Edit.

7. Click Next until you reach the “Taxes” Page, you should see the tax you added as one of the listed taxes. Make sure you check the box next to it. Click Next and then Finish to finalize your changes.
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Real Business Solutions Knowledge Base  |  General Category  |  Payroll Software FAQ  |  Is New Mexico's state income tax withholding included in this payroll software? « previous next »
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