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Payroll

Payroll
Payroll is​ one of​ many accounting transactions that manages the​ method of​ paying employees for their services .​
This happens after processing the​ several requirements for holding back money from the​ employee in​ order to​ pay payroll taxes,​ insurance premiums,​ employee benefits and other deductions .​
The process involves calculating the​ amount due to​ each employee,​ such as​ hourly wages,​ commission from sales,​ reimbursements and so on,​ either by using a​ standard per diem rate or​ based on​ amounts actually spent by the​ employee .​
The term payroll takes into consideration every member of​ the​ company paid on​ a​ regular basis .​
Some employees are paid on​ an​ hourly basis or​ based on​ output,​ while yet others are paid on​ a​ monthly basis .​
a​ payroll specialist takes into account the​ various payment methods,​ and checks are issued appropriately .​
Companies tend to​ use measuring tools that are neutral,​ such as​ timecards or​ timesheets filled out by s…

Payroll Wyoming Unique Aspects Of Wyoming Payroll Law And Practice

Payroll Wyoming,​ Unique Aspects of​ Wyoming Payroll Law and Practice
Wyoming has no State Income Tax .​
There for there is​ no State Agency to​ oversee withholding deposits and reports .​
There are no State W2's to​ file,​ no supplement wage withholding rates and no State W2's to​ file.
Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows .​
In Wyoming cafeteria plans are not taxable for unemployment insurance purposes .​
401(k) plan deferrals are taxable unemployment purposes.
Wyoming doesn't have income tax .​
The Wyoming State Unemployment Insurance Agency is:
Department of​ Employment
Unemployment Resources Division
P.O .​
Box 2760
Casper,​ WY 82602
(307) 235-3253
wydoe.state.wy.us/
The State of​ Wyoming taxable wage base for unemployment purposes is​ wages up to​ $15,​900.00 .​
Wyoming has optional reporting of​ quarterly wages on​ magnetic media.
Unemployment records must be r…

Payroll Wisconsin Unique Aspects Of Wisconsin Payroll Law And Practice

Payroll Wisconsin,​ Unique Aspects of​ Wisconsin Payroll Law and Practice
The Wisconsin State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:
Department of​ Revenue
Income,​ Sales,​ Inheritance and Excise Tax Division
P.O .​
Box 8910
2135 Rimrock Rd.
Madison,​ WI 53713
(608) 266-2776
www.dor.state.wi.us/
Wisconsin allows you to​ use the​ Federal W-4 form or​ the​ WT-4,​ Employee's Wisconsin Withholding Exemption Certificate/New Hire Reporting to​ calculate state income tax withholding .​

Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows .​
In Wisconsin cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes .​
401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.
In Wisconsin supplemental wages are taxed at:
Annual wages: under $7,​970 4.6%

Payroll West Virginia Unique Aspects Of West Virginia Payroll Law And Practice

The West Virginia State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:

State Tax Department
Capitol Complex,​ Bldg. 1,​ W417
Charleston,​ WV 25305
(304) 558-3333
(800) 982-8297 (in state)
www.state.wv.us/taxrev


West Virginia allows you to​ use the​ "WV/IT-104,​ West Virginia's Employee's Withholding Exemption Certificate" form to​ calculate state income tax withholding or​ federal form W4 if​ state and federal exemption are the​ same.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ West Virginia cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In West Virginia supplemental wages are taxed at:
Annual wages under $10,​000 3.0%
$10,​000-$25,​000 4.0%
$25,​0…

Payroll Virginia Unique Aspects Of Virginia Payroll Law And Practice

The Virginia State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:

Department of​ Taxation
Division of​ Income Tax Withholding
P.O. Box 27264
Richmond,​ VA 23261-7264
(804) 367-8037
http://www.tax.virginia.gov/

Virginia requires that you use Virginia form "VA-4,​ Employee's Virginia Income Tax Withholding Exemption Certificate" instead of​ a​ Federal W-4 Form for Virginia State Income Tax Withholding.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ Virginia cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.


In Virginia supplemental wages are required to​ be aggregated for the​ state income tax withholding calculation.



You must file your Virginia state W-2s by magnetic…

Payroll Vermont Unique Aspects Of Vermont Payroll Law And Practice

The Vermont State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:

Department of​ Taxes
109 State Street
Montpelier,​ VT 05609-1401
(802) 828-2551
http://vermont.gov/


Vermont allows you to​ use the​ "W-4VT,​ Vermont Employee Withholding Allowance Certificate" form to​ calculate state income tax withholding or​ federal W4 form.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ Vermont cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Vermont supplemental wages are taxed at​ a​ 7.2% flat rate.

Magnetic media reporting of​ W-2s is​ not allowed in​ Vermont.


The Vermont State Unemployment Insurance Agency is:

Department of​ Employment and Training
5 Green Mountain Dr.
P.O. Box 488

Payroll Utah Unique Aspects Of Utah Payroll Law And Practice

Payroll Utah,​ Unique Aspects of​ Utah Payroll Law and Practice
The Utah State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:
State Tax Commission
Withholding Tax Development
210 North 1950 West
Salt Lake City,​ UT 84134
(801) 297-2200
(800) 662-4335 (in state)
tax.utah.gov/
Utah allows you to​ use the​ federal form W4 to​ calculate state income tax withholding .​

Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows .​
In Utah cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes .​
401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.
In Utah supplemental wages are required to​ be aggregated for the​ state income tax withholding calculation.
You must file your Utah State W-2s by magnetic media if​ you are required to​ file your federal W-2s by magn…

Payroll Texas Unique Aspects Of Texas Payroll Law And Practice

Payroll Texas,​ Unique Aspects of​ Texas Payroll Law and Practice
There is​ no personal state income tax in​ Texas .​
Which means no withholding of​ State Income Taxes .​

The Texas State Agency charged with enforcing the​ state wage and hour laws is:
The Texas Workforce Commission
101 East 15th St.
Austin,​ Texas 78778-0001
512-837-9559
www.twc.state.tx.us/
Except for taxes and student loans there are no garnishments in​ Texas .​
No creditor other than the​ IRS or​ one of​ the​ student loan collection agencies can take money out of​ your paycheck without your permission.
The agency that collects and pays unemployment benefits is​ the​ Texas Workforce Commission .​

Its main office is​ in​ Austin,​ Texas .​
Their address is:
Texas Workforce Commission
101 East 15th Street
Austin,​ Texas 78778-0001
512-837-9559
www.twc.state.tx.us/
The unemployment rate varies based on​ your company’s experience but the​ initial rate starts at​ 2.7% on​ the​ first 9000.00 of​ wages paid to​ an​ employee in​ the​ st…

Payroll Tennessee Unique Aspects Of Tennessee Payroll Law And Practice

Tennessee has no State Income Tax. There for there is​ no State Agency to​ oversee withholding deposits and reports. There are no State W2's to​ file,​ no supplement wage withholding rates and no State W2's to​ file.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ Tennessee cafeteria plans are taxable for unemployment insurance purposes. 401(k) plan deferrals are taxable unemployment purposes.

Tennessee doesn't have income tax.


The Tennessee State Unemployment Insurance Agency is:

Department of​ Labor and Workforce Development
500 James Robertson Pkwy.,​ 8th Fl.
Nashville,​ TN 37245-1200
(615) 741-2486
www.state.tn.us/labor-wfd/ui/ui.htm

The State of​ Tennessee taxable wage base for unemployment purposes is​ wages up to​ $7000.00.

Tennessee requires Magnetic media reporting of​ quarterly wage reporting if​ the​ employer has at​ least 250 employees that they are reporting…

Payroll South Dakota Unique Aspects Of South Dakota Payroll Law And Practice

Payroll South Dakota,​ Unique Aspects of​ South Dakota Payroll Law and Practice
South Dakota has no State Income Tax .​
There for there is​ no State Agency to​ oversee withholding deposits and reports .​
There are no State W2's to​ file,​ no supplement wage withholding rates and no State W2's to​ file.
Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows .​
In South Dakota cafeteria plans are taxable for unemployment insurance purposes .​
401(k) plan deferrals are taxable unemployment purposes.
South Dakota doesn't have income tax .​
The South Dakota State Unemployment Insurance Agency is:
Department of​ Labor
Unemployment Insurance Division
Box 4730,​ 420 S .​
Roosevelt St.
Aberdeen,​ SD 57402-4730
(605) 626-2452
www.state.sd.us/dol/ui/ui-home.htm
The State of​ South Dakota taxable wage base for unemployment purposes is​ wages up to​ $7,​000.00 .​
South Dakota has optional reportin…

Payroll South Carolina Unique Aspects Of South Carolina Payroll Law And Practice

Payroll South Carolina,​ Unique Aspects of​ South Carolina Payroll Law and Practice
The South Carolina State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:
Department of​ Revenue
P.O .​
Box 125
Columbia,​ SC 29214
(803) 898-5300
www.sctax.org
South Carolina allows you to​ use the​ Federal W-4 form to​ calculate state income tax withholding .​

Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows .​
In South Carolina cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes .​
401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.
In South Carolina supplemental wages are taxed at​ a​ 7% flat rate.

You must file your South Carolina State W-2s by magnetic media if​ you are have more than 25 employees and are required to​ file your federal W-2s by magnetic …

Payroll Services Giving Your Company The Edge

Payroll Services Giving Your Company the​ Edge
Regardless of​ the​ size of​ your business,​ outsourcing your payroll system can enhance your competitive edge,​ by freeing up valuable time and resources that can be spent on​ improving the​ quality of​ the​ product or​ service you offer .​
Adages earn the​ wisdom with which they are associated by proving true time and again,​ and there is​ no sage advice truer than this – you have to​ spend money to​ make money .​
Investing in​ a​ payroll service puts many of​ your HR and financial requirements in​ the​ hands of​ the​ experts,​ allowing you devote your full attention to​ expanding your own expertise in​ your chosen field .​
Payroll services take a​ huge portion of​ the​ daily administration of​ your business and place it​ in​ professional hands .​
Outsourcing this important task ensures the​ timely and accurate payment of​ your retinue of​ staff,​ which ultimately leads to​ the​ growth of​ the​ goodwill of​ what is​ possibly any company’…

Payroll Service Changing Providers Chapter Two What Should You Look For In A New Provider

Payroll Service,​ Changing Providers .​
Chapter Two .​
What Should you Look for in​ a​ New Provider?
What should you look for in​ a​ new payroll provider?

Service
Technology
Professionalism
Cost
Location?

Service. Can your new provider handle your unique needs? You can only ask .​
But don’t just take their word .​
Ask for references in​ your size and type of​ business .​
Smaller providers may only be able to​ get close but that is​ OK .​
You’re concerned about how,​ not what,​ service is​ provided .​
Ask the​ references for other reference back to​ the​ provided that they did not provide you with .​
That is​ where you may get your best information .​
But in​ all fairness,​ remember the​ old adage You can’t make all of​ the​ people happy all of​ the​ time.
Technology. is​ the​ provider up to​ date on​ payroll technology? It is​ hard for the​ major payroll providers to​ upgrade a​ system for hundreds of​ thousands of​ users .​
They will always be slower to​ change just because of​ s…

Payroll Service Changing Providers Chapter Three What Should Happen When I Change

Payroll Service,​ Changing Providers .​
Chapter Three .​
What should happen when I​ Change?
What should happen when I​ change payroll service providers?
Timing
Forms
Procedures

Timing. It is​ easiest for all concerned to​ change payroll service providers at​ calendar year end .​
That way there is​ no question about responsibility for any tax forms or​ deposits .​
Every form,​ deposit or​ payment starting with January 1 is​ the​ responsibility of​ the​ new payroll service provider .​
There is​ no trying to​ balance the​ payroll numbers and make sure no terminated employee is​ missed and that all deposits were made on​ time .​
If you can’t change at​ year-end then calendar quarter end (March 31,​ June 30,​ and September 30) is​ second best .​
That said,​ if​ you need or​ want to,​ you should be able to​ change at​ any time of​ the​ year.
How long should it​ take? the​ bigger the​ company the​ longer it​ will take simply because the​ more employees there are the​ more data there is​ .​

Payroll Service Changing Providers Chapter One Reasons To Change Providers

Payroll Service,​ Changing Providers .​
Chapter One .​
Reasons to​ change Providers
Why would you want to​ change payroll service providers?
Service Stinks
Cost too High
Too many Errors
No help with IRS
Lost in​ the​ Shuffle

Service Stinks. Payroll service is​ all about service .​
If you don’t perceive that your business receives good service then you probably aren’t getting good service .​
Payroll service providers know that their level of​ service has to​ be extremely high .​
Are you getting what you were promised? To0 often salespeople promise what production can’t deliver .​
Are your problems addressed,​ and more importantly solved,​ immediately .​
If your account has been overdrafted and you don’t get your money back in​ two business days or​ less you are not getting good service.
Cost too High. Are you paying more than you should? How do you tell? Get some quotes .​
There are a​ number of​ free quote services on​ line .​
Google Payroll quotes and go from there .​
Many time…

Payroll Rhode Island Unique Aspects Of Rhode Island Payroll Law And Practice

The Rhode Island State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:

Department of​ Administration
Division of​ Taxation
One Capitol Hill
Providence,​ RI 02908-5800
(401) 222-3911
http://www.doa.state.ri.us/


Rhode Island allows you to​ use the​ Federal W4 Form to​ calculate state income tax withholding.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ Rhode Island cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; not taxable for unemployment purposes.

In Rhode Island supplemental wages are taxed at​ a​ 7% flat rate.


You must file your Rhode Island state W-2s by magnetic media if​ you are have at​ least 25 employees and are required to​ file your federal W-2s by magnetic media.


The Rhode Island State Unemployment I…

Payroll Puerto Rico Unique Aspects Of Puerto Rico Payroll Law And Practice

Payroll Puerto Rico,​ Unique Aspects of​ Puerto Rico Payroll Law and Practice
The Puerto Rico State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:
Department of​ the​ Treasury
Bureau of​ Income Tax
Intendente Alejandro Ramirez Bldg.
Paseo Covadonga,​ Stop 1
P.O .​
Box S-4515
San Juan,​ PR 00905
(787) 721-2020
www.hacienda.gobierno.pr/
Puerto Rico has no State Income Tax .​
Therefore,​ there are no State W2's to​ file,​ no supplement wage withholding rates and no State W2's to​ file.
The Puerto Rico State Unemployment Insurance Agency is:
Department of​ Labor and Human Resources
Bureau of​ Employment Security
Prudencio Rivera Martinez Bldg.
505 Munoz Rivera Ave.
Hato Rey,​ PR 00918
(787) 754-5262
The State of​ Puerto Rico taxable wage base for unemployment purposes is​ wages up to​ $7,​000.00 .​
Puerto Rico has no provision of​ quarterly wages on​ magnetic media.
Unemployment records must be retained in​ Puerto Rico for a​ minimum period…

Payroll Pennsylvania Unique Aspects Of Pennsylvania Payroll Law And Practice

The Pennsylvania State Agency that oversees the​ collection and reporting of​ State income taxes deducted from payroll checks is:

Department of​ Revenue
Bureau of​ Business Trust Fund Taxes
Employer Tax Division
Department 280904
Harrisburg,​ PA 17128-0904
(717) 783-1488
www.revenue.state.pa.us/


Pennsylvania does not have a​ state form to​ calculate state income tax withholding.


Not all states allow salary reductions made under Section 125 cafeteria plans or​ 401(k) to​ be treated in​ the​ same manner as​ the​ IRS code allows. in​ Pennsylvania cafeteria plans are not taxable for income tax calculation if​ used to​ purchase health or​ life insurance; taxable for unemployment insurance purposes. 401(k) plan deferrals are taxable for income taxes; taxable for unemployment purposes.

In Pennsylvania supplemental wages are taxed at​ a​ 3.07% flat rate.


You may file your Pennsylvania State W-2s by magnetic media if​ you choose to.


The Pennsylvania State Unemployment Insurance Agency is:

Department o…