Participating in the Sharing Economy Can Affect Taxes

by admin 8. November 2017 06:00

In 2017, many taxpayers use their phones and computers to provide services and sell goods. This includes the use of sites and apps to rent a home to travelers, sell crafts, or to provide car rides. Taxpayers who do this may be involved in the sharing economy. Participating in the sharing economy may affect a person’s taxes. These taxpayers can visit the Sharing Economy Tax Center on the IRS website to find resources that can help them meet their tax obligations.

Here are six things taxpayers should know about how the sharing economy might affect their taxes:

Taxes. Sharing economy activity is generally taxable. This includes:

  • Part-time work.
  • A side business.
  • Cash payments received.
  • Income stated on a Form 1099 or Form W-2.

 
Deductions. Some taxpayers can deduct their business expenses. For example, a taxpayer who uses a car for business use often qualifies to claim the standard mileage rate.
 
Rentals. Special rules apply to a taxpayer who rents out a home or apartment, but who also lives in it during the year. Publication 527, Residential Rental Property (Including Rental of Vacation Homes), has more information about these rules. Taxpayers can also use the Interactive Tax Assistant Tool. This tool is titled Is My Residential Rental Income Taxable and/or Are My Expenses Deductible? It walks a taxpayers through a series of questions to determine if their rental income is taxable.
 
Estimated Payments. Taxpayers can pay as they go, so they don’t owe. One way that taxpayers can cover the tax they owe is to make estimated tax payments during the year. These payments can help cover their tax obligation. Taxpayers use Form 1040-ESto figure these payments.
 
Payment Options. The fastest and easiest way to make estimated tax payments is through IRS Direct Pay. Taxpayers can also use the Treasury Department’s Electronic Federal Tax Payment System.
 
Withholding. Taxpayers involved in the sharing economy as an employee might want to review their withholding from that job and any other jobs they might have. They can often avoid making estimated tax payments by having more tax withheld from their regular paychecks. These taxpayers can file Form W-4 with their employer to request additional withholding. They can also use the Withholding Calculator on IRS.gov. This tool helps determine if they are having too much or too little tax withheld from their income.

 

Source: https://www.irs.gov/newsroom/participating-in-the-sharing-economy-can-affect-taxes

 

Tags: , , ,

business news

EzPaycheck new version released to fix date format issue for Windows 10

by admin 22. May 2017 05:14

The latest Windows 10 update caused the date format issue on some machines. We have followed Microsoft guide and released the new edition of ezPaycheck payroll software.

Current 2017 ezPaycheck users can download this update for free.

Here are the steps to update ezPaycheck
http://www.halfpricesoft.com/payroll-software/ezPaycheck_update.asp

Note: you can skip this update if you do not see this issue on your machine.

 

small business payroll software

purchase payroll software now free download payroll accounting software

Tags: , , ,

business news

ezPaycheck payroll software adds new CA ETT tools for California Customers

by admin 17. May 2017 08:16

New ezPaycheck 2017 edition is released with new tax tools, such as ETT tools. Current ezPaycheck 2017 customers can download this new version for free.

New customers are welcome to test drive ezPaycheck with no obligation at

http://www.halfpricesoft.com/payroll_software_download.asp

 

purchase payroll software now free download payroll accounting software

 

 

 

Tags: , , , ,

business news

IRS Published 2017 941 Form. New ezPaycheck Payroll Software Is Available For Download

by admin 23. March 2017 08:39

The new edition of ezPaycheck 2017 is released with the latest Form 941, Employer's QUARTERLY Federal Tax Return. Current ezPaycheck 2017 customers can update payroll software for free. New customers are welcome to test drive and purchase.

How to update ezPaycheck
http://www.halfpricesoft.com/payroll-software/ezPaycheck_update.asp

ezPaycheck 2017 download
http://www.halfpricesoft.com/payroll_software_download.asp

ezPaycheck purchase link
http://www.halfpricesoft.com/index.asp#purchase

How to Make 941 Federal Tax Deposit Using EFTPS Site
http://www.halfpricesoft.com/payroll-software/941-deposit-guide.asp

Tags: , , , ,

business news

ezPaycheck payroll software 2017 Edition Is Available

by admin 19. December 2016 08:57

The 2017 edition of ezPaycheck payrioll software is available. This edition inncludes the latest 2017 tax tables from IRS. It also includes the latest year-end W2, w3, 941 and 940 forms.  New customers are welcome to download the 30-day free trial version and try it for free with no obligation.

DIY EzPaycheck payroll software from halfpricesoft.com speeds up payroll tax calculations, paycheck printing and tax form reporting for small business. To make this payroll software affordable to more small business owners, a new limited time price reduction for ezPaycheck 2016 and 2017 bundle version at only $99.00 (regular price $178). This means new customers can get ezPaycheck 2017 version at $10 when purchasing the 2016 edition at the regular price.

 

ezPaycheck Download

http://www.halfpricesoft.com/payroll_software_download.asp

 

2017 Federal Tax Tables

http://www.halfpricesoft.com/federal_income_tax_2017.asp

 

If you are current ezPaycheck 2016 user, do NOT install this new version before you complete 2016 paychecks. With ezPaycheck 2017, you can still access your 2016 paychecks, view reports and print 2016 W2 forms. 

 

small business payroll software

purchase payroll software now free download payroll accounting software


Tags: , , , ,

business news

Halfpricesoft.com Offers EzPaycheck 2016 and 2017 Bundle Version At Just $99.00

by admin 6. December 2016 05:31

A new limited time price reduction for ezPaycheck 2016 and 2017 bundle version from Halfpricesoft.com has employers jumping for joy! Business owners can begin year  to date payroll for 2016 immediately and have the updated software for 2017 when it is released at a special bundle cost of only $99.00 (regular price $178). This means new customers can get ezPaycheck 2017 version at $10 when purchasing the 2016 edition at the regular price.

 

Limited Time Offer: Bundle version: 2016 + 2017 EzPaycheck, single-user bundle  $99 (regular $178)


The easy to use and inexpensive graphical interface allows customers to print paychecks as well as W2, W3, 940, 941 forms all within one software application.

 

small business payroll software 

purchase payroll software now free download payroll accounting software

Tags: , , ,

business news

IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew

by admin 18. October 2016 06:20

WASHINGTON –– Hurricane Matthew victims in much of North Carolina and parts of South Carolina, Georgia and Florida have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. This includes an additional filing extension for those with valid extensions that run out at midnight tonight, Oct. 17

 

The tax relief postpones various tax filing and payment deadlines that occurred starting on Oct. 4, 2016. As a result, affected individuals and businesses will have until March 15, 2017, to file returns and pay any taxes that were originally due during this period. This includes the Jan. 17 deadline for making quarterly estimated tax payments. For individual tax filers, it also includes 2015 income tax returns that received a tax-filing extension until today, Oct. 17, 2016. The IRS noted, however, that because tax payments related to these 2015 returns were originally due on April 18, 2016, those are not eligible for this relief.

 

More information can be found at

https://www.irs.gov/uac/newsroom/irs-gives-expanded-tax-relief-to-victims-of-hurricane-matthew-parts-of-four-states-eligible-extension-filers-have-until-march-15-to-file


Tags: , , ,

business news

ezPaycheck New Version Released with 2016 W2 and W3 Tax Forms

by admin 18. October 2016 06:10

 

We have released the new edition of ezPaycheck 2016 payroll software with the new 2016 year-end tax form W2 and W3.  Current ezPaycheck 2016 payroll software customers can download this new edition for free.

Here are the steps to update ezPaycheck payroll software.

 

1.       Backup ezPaycheck database first

 

http://www.halfpricesoft.com/articles/sb-payroll-backup.asp

 

 

 

2.       Download the latest version at

 

http://www.halfpricesoft.com/payroll_software_download.asp

 

ezPaycheck payroll software makes payroll an easy job for small businesses.

 

small business payroll software 

purchase payroll software now free download payroll accounting software

Tags: , , , ,

business news

ezPaycheck payroll software 2016+2017 combo version special offer is available

by admin 7. October 2016 08:07

EzPaycheck business payroll software is an innovative application catering to to small and mid size business owners new to payroll processing. A new limited time price reduction for ezPaycheck 2016 and 2017 bundle version is available!

 

You can begin year  to date payroll for 2016 immediately and have the updated software for 2017 when it is released at a special bundle cost of only $109.00.

 

EzPaycheck saves your time and money. You are welcome to download the 30-day free Trial version today!

 

small business payroll software 

purchase payroll software now free download payroll accounting software


Tags: , , ,

business news | ezPaycheck

Get EzPaycheck 2016 At $20 Discount For a Limited Time Offer Through September

by admin 1. September 2016 05:35

EzPaycheck software is designed to automate paycheck processes to reduce the time spent on running payroll. The software’s graphical interface leads users step-by-step through setting up employee information, importing data, calculating payroll - including calculation of federal, state and local taxes; deductions for Medicare, insurance and 401(k) plans; and printing paychecks.

Ezpaycheck 2016 is now being offered for a limited time at a $20 discount.  For the month of September, business owners that have been wanting to try the software, can now process end of year payroll at a discount to ensure that it is the right fit for the company.

 

New user can download and try this software for free with no obligation and no cost at http://www.halfpricesoft.com/payroll_software_download.asp

 

 

 

purchase payroll software now free download payroll accounting software

 

 


Tags: , , ,

business news

Tax Tips: Renting Your Vacation Home

by admin 16. August 2016 09:58

Renting out a vacation property to others can be profitable. If you do this, you  must normally report the rental income on your tax return. You may not have to report the rent, however, if the rental period is short and you also use the property as your home. Here are some tips that you should know:

 

Vacation Home.  A vacation home can be a house, apartment, condominium, mobile home, boat or similar property.

 

Schedule E.  You usually report rental income and rental expenses on Schedule E, Supplemental Income and Loss. Your rental income may also be subject to Net Investment Income Tax.

 

Used as a Home.  If the property is “used as a home,” your rental expense deduction is limited. This means your deduction for rental expenses can’t be more than the rent you received. For more about these rules, see Publication 527, Residential Rental Property (Including Rental of Vacation Homes).

 

Divide Expenses.  If you personally use your property and also rent it to others, special rules apply. You must divide your expenses between rental use and personal use. To figure how to divide your costs, you must compare the number of days for each type of use with the total days of use.

 

Personal Use.  Personal use may include use by your family. It may also include use by any other property owners or their family. Use by anyone who pays less than a fair rental price is also considered personal use.

 

Schedule A.  Report deductible expenses for personal use on Schedule A, Itemized Deductions. These may include costs such as mortgage interest, property taxes and casualty losses.

Rented Less than 15 Days.  If the property is “used as a home” and you rent it out fewer than 15 days per year, you do not have to report the rental income. In this case you deduct your qualified expenses on Schedule A.

 

More information can be found at

https://www.irs.gov/businesses/small-businesses-self-employed/rental-income-and-expenses-real-estate-tax-tips

 

Source: IRS newsletter

Tags: , , , ,

HOW TO or DIY

How to handle Pay Per Visit Payroll Checks for Health Agency

by admin 22. April 2015 09:37

Some health agency are paid by both hourly rate and pay per visit rate. Here is the instruction on how to handle the paychecks.

Step 1: Start ezPaycheck, set up company Account and add employees

You can ignore this step if you already set up company and employee information. If you have any questions, you can refer to the Quick Start Guide.

Step 2: Add new payment type "Pay per visit"

You can click left menu "Company Settings" then "Wage Setup" to add new payment type.

Step 3: Add a new paycheck and specify the amount for pay-by-visit

Step 4: Print paychecks

- Select checks from check list
- Click Print button to print checks

paycheck printing 

 

small business payroll software

purchase payroll software now free download payroll accounting software

Tags: , , , , ,

ezPaycheck

What is 2015 Social Security tax rate

by admin 24. March 2015 06:53

Usually employers need to withhold Social Security tax from employees’ paychecks. The Social Security tax is a payroll tax that was started by the United States Government in the 1930s. This tax is imposed upon working people and their employers.

 

The 2015 tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The maximum wage that is subject to the tax for year 2015 is $118,500.

 

Refer to Publication 15, (Circular E), Employer's Tax Guide, for more information; or Publication 51, (Circular A), Agricultural Employer’s Tax Guide, for agricultural employers.

 

Both ezPaycheck payroll software and ezAccounting software can calculate Soecial Security tax and other payroll taxes automatically based on current tax table. 

 

Tags: , , , , , ,

Payroll taxes

It is the time to update ezPaycheck payroll software

by admin 8. January 2015 06:23

If you are still using ezPaycheck 2014 now, do not forget to update it to 2015 version before generating paychecks for Year 2015. 

ezPaychchceck 2014 customers need to purchase the new license key to use ezPaycheck 2015 version. ezPaycheck 2015 is $89 per calendar year per installation. 

 

ezPaycheck 2015 version can access 2014 payroll data, print 2014 W2, W3, 940 and 941.  

 

Tags: , , , , , ,

ezPaycheck

W-2 & 1099 season is approaching. Are you ready?

by admin 4. November 2014 05:41

W-2 & 1099 season is approaching. The new editions of ezW2 and ez1099 software are available for download from halfpricesoft.com. And Year 2014 Tax Forms are also available. 

 

       

 

Low Price 2014 W2 and 1099 Forms

http://www.halfpricesoft.com/w2-1099-forms-free.asp

 

How to print and efile W2

http://www.halfpricesoft.com/w2-software/howto-file-print-w2-forms.asp

 

 

How to print and efile 1099-misc Forms

http://www.halfpricesoft.com/1099-misc-software/howto-file-print-1099-misc-forms.asp

 

 

How to Print and efile 1099s Forms

http://www.halfpricesoft.com/1099s_software/howto-add-new-account.asp

 

 

If you have any questions, you can contact us by email, live chat, fax and phone at

http://www.halfpricesoft.com/support.asp

 

 

Tags: , , , , ,

business news

How to Make Federal Tax Deposit Payment Using EFTPS Site

by admin 3. September 2014 06:09

The Electronic Federal Tax Payment System (EFTPS) is a free service from the U.S. Department of the Treasury. All federal taxes can be paid using EFTPS. Many of our customers are using this feature to deposit tax payments. Per customers' requests, we just published a new step by step guide  

How to Make Federal Tax Deposit Payment Using EFTPS Site

 

Tags: , , , , , ,

HOW TO or DIY

How to retrieve lost payroll data

by admin 21. August 2014 10:37

Payroll Software: How to Retrieve the Lost Paychecks

Question: I started my ezPaycheck payroll software this morning and I could not find any paychecks there. What should I do? 

Answers: Several reasons can cause this problem. Please check the instructions below.

Step 1: If you can see your company data and employee data, change the date value of the "list check after field" to show more checks (*** the most common reason ***)

check list 

Step 2: If you also lost company setup, click ezPaycheck top menu "Company" then "Select Company" to view company list and switch the current company

payroll database path

You can always find the current database file name and path from ezPaycheck top menu bar.

select company

Step 3: If you have backed up your database file before, you can use the restore function to copy the data back.

You can learn more about database backup and restore here. You need to switch the current company after you resore it. (You can click the top menu "Company->Select Company" to select this database from list and set it the current database file. ) 

Note: This backup file is designed to be read by ezPaycheck payroll software. You cannot open it manually.

Step 4: If you still cannot find your data, search "*.mdb" file on your machine.

The database file is .mdb (Microsoft Access Database) file. If you can find it on your machine, you can use the restore function to copy it back.

Note: This database file is designed to be read by ezPaycheck payroll software. You cannot open it manually. 

Step 5: If you still need assistance, please contact us

You can request livechat support from our support page.


payroll software ezPaycheck payroll software help you process payroll taxes, print paychecks and file tax forms easily and smoothly. 

If you have not installed this software, you can download and try it free for 30 days with no obligation and no credit card needed. 

This paycheck software is compatible with Windows 8.1, 8, 7, XP, Me, 2003, 2000 and Vista system. 

free download payroll accounting software      purchase payroll software now


Related Links:

 

  • How to print paycheck in different formats: check-on-top, check-in-middle, check-at-bottom
  • How to print paycheck on blank stock
  • How to print paycheck on pre-printed checks
  • How to print paycheck with company logo
  • How to print a paycheck with signature
  • How to print a paycheck with two signature lines
  • How to adjust check printing position
  • How Can I Hide Social Security Numbers on Payroll Check Stubs
  • How to create a paycheck by hourly rate
  • How to create a salary paycheck
  • Sample Paychecks
  • Tags: , , , ,

    ezPaycheck

    ezW2 2013 version free offer is available

    by admin 20. May 2014 07:33

    Customers that needs to print W2 and 1099-misc tax forms get ezW2 software for free now. We just add ezW2 2013 version free offer to our site. Right now, W2 1099 software free offers are available for ezW2 2007-2013

    Tags: , , , , , , , , , , ,

    Payroll Software Promotion: EzPaycheck 2013 & 2014 Combo Version at $99 only

    by admin 16. October 2013 03:38

    ezPaycheck payroll software speeds up payroll tax calculation, paycheck printing and year-end tax reporting. We just launched the year-end payroll software promotion for businesses who want to start computerized payroll software in Oct. New customer can now purchase ezPaycheck 2013 and 2014 combo version at just $99. The regular price of ezPaycheck 2014 is $89. Since IRS has not published the 2014 tax tables, ezPaycheck 2014 is not available right now.

    Customer will get 2013 key code once the transaction completes. The 2014 update package link will be sent by email before Jan 1, 2014.

    small business payroll software 

    purchase payroll software now free download payroll accounting software

    10 Best States for Business in Year 2014

    by admin 10. October 2013 05:09

    The Tax Foundation’s 2014 edition of the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare.

    The 10 best states in this year’s Index are:

    1. Wyoming
    2. South Dakota
    3. Nevada
    4. Alaska
    5. Florida
    6. Washington
    7. Montana
    8. New Hampshire
    9. Utah
    10. Indiana

    The full list can be found at http://taxfoundation.org/article/2014-state-business-tax-climate-index

     

     

     

     

    Tags: , , ,

    business news

    Employment Tax Deposit Due Dates

    by admin 11. September 2013 10:04

    In general, you must deposit federal income tax withheld and both the employer and employee social security and Medicare taxes.

    There are two deposit schedules, monthly and semi-weekly. Before the beginning of each calendar year, you must determine which of the two deposit schedules you are required to use. The deposit schedule you must use is based on the total tax liability you reported on Form 941 during a lookback period. See special rules for Forms 944 and 945. Schedules for depositing and reporting taxes are not the same.

    You must use electronic funds transfer (EFTPS) to make all federal tax deposits.

    Monthly Depositor

    Under the monthly deposit schedule, deposit employment taxes on payments made during a month by the 15th day of the following month. Employers who deposit monthly should only report their deposits quarterly or annually by filing Form 941 or Form 944.

    Semi-weekly Depositor

    Under the semiweekly deposit schedule, deposit employment taxes for payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. Deposit taxes for payments made on Saturday, Sunday, Monday, and/or Tuesday by the following Friday. Report your deposits quarterly or annually only by filing Form 941 or Form 944.

    FUTA Deposits

    Deposit FUTA tax by the last day of the first month that follows the end of the quarter. If the due date for making your deposit falls on a Saturday, Sunday, or legal holiday, you may make your deposit on the next business day.

    If your liability for the fourth quarter (plus any undeposited amount from any earlier quarter) is over $500, deposit the entire amount by the due date of Form 940 (January 31). If it is $500 or less, you can make a deposit, pay the tax with a credit or debit card, or pay the tax with your 2011 Form 940 by January 31.

    source: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Employment-Tax-Due-Dates

    *************
    EzPaycheck payroll software simplifies and automates payroll tax calculations, paycheck printing and tax form filing.

    small business payroll software 

    purchase payroll software now free download payroll accounting software

    What is W-4 Form

    by admin 11. September 2013 03:44

    Form W-4, Employee's Withholding Allowance Certificate

    Employees need to complete Form W-4 so that the employer can withhold the correct federal income tax from their pay. Consider to remind your employee completing a new Form W-4 each year and when their personal or financial situation changes.

     

    You can find W-4 and Instructions at

    http://www.irs.gov/pub/irs-pdf/fw4.pdf

     

     

    ***********************************************

    EzPaycheck payroll software makes small business payroll an easy job!

    small business payroll software 

    purchase payroll software now free download payroll accounting software

    Tags: , , , , , ,

    small business 101

    2013 Federal Tax Update: IRS Treats Same-sex Marriages Equally

    by admin 3. September 2013 07:39

    Married same-sex couples will be treated the same as opposite-sex couples for tax purposes, the Obama administration announced on Sep 29, regardless of where they live now.

    The Treasury Department, following up on the Supreme Court's ruling in June striking down a key section of the 1996 Defense of Marriage Act, announced that gay and lesbian married couples can file joint federal tax returns

    Legally-married same-sex couples generally must file their 2013 federal income tax return using either the “married filing jointly” or “married filing separately” filing status.

    Source:  

    All Legal Same-Sex Marriages Will Be Recognized for Federal Tax Purposes
    http://www.treasury.gov/press-center/press-releases/Pages/jl2153.aspx

    Federal Tax Tables
    http://www.halfpricesoft.com/federal_income_tax_2013.asp 

    Tags: , , ,

    business news

    43% of Americans won't pay federal income taxes

    by admin 3. September 2013 03:56

    A little more than 43% of U.S. households -- or 70 million homes - will end up owing no federal income taxes for 2013. CNNMoney reports, citing a new report from the Tax Policy Center.

    The households with zero income tax liability are not evenly distributed across income groups. The majority this year -- nearly 67% -- have incomes below $30,000.

    "Many people who pay no income tax simply have too little income to owe tax. The rest benefit from the tax code's many preferences -- exclusions, deductions, exemptions, and credits -- that zero out the tax they would otherwise pay," said Roberton Williams of the Tax Policy Center.

    Source: http://money.cnn.com/2013/08/29/pf/taxes/who-doesnt-pay-federal-income-taxes/index.html?source=yahoo_hosted

    Federal Tax Tables
    http://www.halfpricesoft.com/federal_income_tax_2013.asp

     

    Tags: , , ,

    business news

    What Is Gross Income

    by admin 14. June 2013 07:02

    According to IRS, gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States or from the sale of your main home (even if you can exclude part or all of it).

    Gross income is the starting point for determining Federal and state income tax.

    If you need to figure out your income tax, you can refer to the federal tax tables and State tax tables

    • Federal Iincome Withhold tables

    http://www.halfpricesoft.com/federal_income_tax_2013.asp

    • State Income Tax Tables

    http://www.halfpricesoft.com/state-tax-table-2013.asp

    Tags: , , ,

    Payroll taxes

    To Help Users File W2 And 1099 In Time, Halfpricesoft.com Extends Support Time

    by admin 31. January 2013 11:24

    Our support team will stay here today until mid-night. We hope all users can distribute W-2 Forms and 1099 Forms in time.

    Try your last minute solution of W2 and 1099 reporting.

     

    EzW2 software –prepare, print and file W-2, W-3, 1099-misc and 1096

    No preprinted forms are needed for the recipient copies. You can print recipeint copies on white paper to mail it. Or you can print recipients forms into digital PDF file and email them.

     

    Ez1099 Software – 1099s, 1098s, 5498s and more forms

    No preprinted forms are needed for the recipient copies. You can print recipeint copies on white paper to mail it. Or you can print recipients forms into digital PDF file and email them.

    Download ezW2 software and 1099 software now and print form instantly.

     

     

    Tags: , , , , , , , , , , ,

    business news

    How to transfer W2 data manually

    by admin 28. December 2012 05:13

    You can use the ezW2 Software backup and restore functions to transfer the W2 and 1099 data easily if you are HR manager or buisness owner

    http://www.halfpricesoft.com/business-blog/post/2012/11/07/How-to-roll-forward-W-2-and-1099-data.aspx

    However, if you are a CPA and have many accounts, it will be easier to transfer the data manually. Here are the steps on how to copy the data from ezW2 2011 folder to ezW2 2012 folder.

    The database file is .mdb file (Microsoft Access Database file)

    Step 1: Open ezW2 2011 folder

    ezW2 2011 default folder

    C:/Program Files/Halfpricesoft/ezW2(2011)

    If you are using Windows 8, 7 or Vista with default settings, the default ezW2 2011 folder can be: 

    C:/Users/**YourName**/AppData/Local/VirtualStore/Program Files/Halfpricesoft/ezW2(2011)

    Step 2: Copy the .mdb files to EzW2 2012 folder

    C:\Users\Public\Documents\Halfpricesoft\ezW2(2012)

    Step 3: Switch current account

    Start ezW2 2012, select this new database file as your current database file by clicking the top menu "Company Management->Select Company".

    purchase payroll software now

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp

    try w2 1099 software purchase w2 1099 software

     

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    How to Print W-2 On Blank White Paper

    by admin 11. December 2012 07:13

    ezW2 software supports forms W2, W3, 1099-misc and 1096. It is compatible with Windows 8 system, 32-bit or 64-bit. It can run on Windows XP, Me, 2003, Vista and 7 systems too.

    Below are the 4 simple steps to printing form W-2 on white paper.

    Step 1: Setup company information

    If you have not installed this W-2 and 1099 software, you can download the trial version for free from halfpricesoft.com with no credit card needed and no obligation. You can follow the step by step online instructions to finish the installation in minutes.

    http://www.halfpricesoft.com/w2-software-free-download.asp

    You can access Company Setup screen by clicking the top menu “Current Company->Company”.
    You need to enter the general company information here, such as Company Name, Address, Tax ID and others. If you need help, you can click the top HELP menu and click the HELP button on the form.

    Step 2: Set up W-3 information
    You can access this screen by clicking the top menu “Current Company->W-3 information”.
    You need to enter the W-3 control number, W3 Establishment Number, Contact Information and others. This information will be displayed on both forms W-2 and W-3.

    Step 3: Add employees
    You can access the employee list screen by clicking the top menu “Current Company->W2 Employee list”. You can add/edit/delete employee data easily. You can also import employee information quickly when using the import form by clicking the top menu “Current Company->Import W2”.

    Step 4: Enter W-2 information and print W-2 forms on blank white paper
    You can access this W-2 editing screen by clicking the top menu “Current Company->Form W-2”..
    - Once you select the employee from the list, the employee information will be filled automatically.
    - Fill in the boxes on the w-2 form.
    - Click the question icon or the instructions link to get help.
    - Click the 'Save' button to save the W-2 information.
    - Click the 'Print W2' button to print the different copies for this recipient. Then you can print forms W2 copy A, B, C, D, 1 and 2 on white paper.
    - Click the 'Print Instructions' button to print W-2 instructions

    Tags: , , , , , , , , , , , ,

    ezW2

    How to roll forward W-2 and 1099 data

    by admin 7. November 2012 05:53

    ezW2 2012 comes with new BACKUP and RESTORE function. User can copy ezW2 2011 data to ezW2 2012 folder easily.

     

    (However if you are a CPA and more many accounts, you can refer to this article to transfer data manually http://www.halfpricesoft.com/business-blog/post/2012/12/28/How-to-transfer-W2-data-manually.aspx)

     

    Note: Do not forget step 4 to switch your current database file after you transfer data.

    Step 1. Install ezW2 2012 on your machine first

    http://www.halfpricesoft.com/w2-software-free-download.asp

     

    Step 2. Start ezW2 2011, click the top menu “Company Management-> Backup current company".
    You can rename and save the database file to a folder or a flash disk.
    For example: you can rename the datbase file to “ABC Company 2012”.


    Step 3. Start ezW2 2012, click the top menu “Company Management-> Restore company".

    Then select the backup company database file.

    Step 4: Start ezW2 2012, select this new database file as your current database file by clicking the top menu "Company Management->Select Company".

     

    Step 5. You can edit your data there and print your new forms.

     

    Related link:

    How to roll forward ezW2 2010 data to ezW2 2011

    http://www.halfpricesoft.com/business-blog/post/2012/01/19/How-to-roll-forward-W2-and-1099-data.aspx

     

    <note:> If you have more than one companies, you need to change the current company in ezW2 and repeat the above steps.

     

    purchase payroll software now

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp

     

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    New YouTube video released: How to print a lost W-2

    by admin 8. June 2012 10:58

    ezW2 software can print all w-2 forms (copy A, B, C, D, 1 and 2) and W3 on white plain paper. Step by step guide on how to prepare and reprint a lost W-2 yourself. Check the YouTube video at

    http://www.youtube.com/watch?v=ZKEII1P7gS4

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    How to Reprint A Lost W-2

    by admin 7. June 2012 10:31

    EzW2 software is the popular small-business software for compiling and printing forms W-2, W-3, 1099 and 1096. Users can print the forms on IRS-approved red-ink forms, if required, or on plain white paper using a standard laser printer. At just $39 per installation, ezW2 provides an affordable means of quickly compiling and printing these forms, saving them substantial time over completing forms by hand.

    ezW2 can print ALL W2 forms (W-2 copy A, B, C, D, 1 and 2) and W3 on plain white paper if user has a laser printer.

    EzW2 is compatible with Windows 7 system, 32-bit or 64-bit. It can run on Windows XP, Me, 2003 and Vista system too.

    User can download the current version and the previous year’s version of ezW2 software from halfpricesoft.com.

    Followings are the 5 simple steps to re-print a lost form W-2.


    Step 1: Download ezW2 software

     

    If you do not have this W2 and 1099 software installed, you can download it for free from
    http://www.halfpricesoft.com/w2-software-free-download.asp. Please select the right version. No registration needed and no obligation. You can follow the step by step online instructions to finish the installation in minutes

     

    Step 2: Start ezW2 software and set up company

    w2 software

    You can access this screen by clicking the top menu “Current Company->Company”.

    You need to enter the general company information for w2 and 1099 forms, such as Company Name, Address, Tax ID and others.

     

    Step 3: Set up W-3 information

    You can access this screen by clicking the top menu “Current Company->W-3 information”.

    You need to enter the W-3 control number, W3 Establishment Number, Contact Information and others. This information will be displayed on both forms W-2 and W-3.

     

    Step 4: Add W-2 Employees

    You can access employee by clicking the top menu “Current Company->W2 Employee list”. You can add a new employee or edit or delete an existing one easily by clicking the link on this form.

    You can also import Employee information quickly by using W2 import form. You can access this import form by clicking the top menu “Current Company->Import W2”.

     

    Step 5: Enter W-2 information and print W-2 forms

    You can access this W-2 editing screen by clicking the top menu “Current Company->Form W-2”..

    - Once you select the employee from the list, the employee information will be filled automatically.

    - Fill in the boxes on the w-2 Form.

    - Click the Question icon or the instructions link to get help.

    - Click the 'save' button to save the W-2 information.

    - Click the 'Print W2' button to print the different W2 Copies for this recipient. ezW2 can print forms W2 copy A, B, C, D, 1 and 2

    - Click the 'Print Instructions' button to print W-2 instructions.

     

    Note: 

    1. Form W-3 will be generate automatically based on form W2 information
    2. ezW2 allows user to set up unlimited companies with one flat rate. So if you have multiple companies or you are an accountant, you can add new company by clicking top menu “Company Management->New company”
    3. YouTube video is available at

    http://www.youtube.com/watch?v=Lk_mErjN3Ew

     

    purchase payroll software now

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    How to print two 1099 forms on one sheet

    by admin 29. January 2012 12:06

    EzW2 software can print Form W-2, W-3, 1099-misc and 1096. When users select the pre-printed form option, ezW2 can print two forms per sheet to cut cost.

    Followings are the steps:

    Step 1: Start ezW2 software

    If you have not installed ezW2, you can download it for free at:

    http://www.halfpricesoft.com/w2-software-free-download.asp

    Step 2: You can click the top menu “Current Company”, then select sub menu “Form 1099”  to open 1099-misc Form Edit Screen.

     

    Step 3: Then click the “Print 1099” button to open 1099 Print Option screen.

     

    Step 4: On print option screen, select “Data Only on preprinted red-ink Laser Form” option.  Then check “TWO W2s per form” option.

    Please make sure you select at least TWO contractors from contractor list to print two forms at the same time.

     

     

    ezW2 can also print the SSA-Approved laser substitute forms of w-2 copy A and w-3 on plain paper (Vender ID: 1335). So if you have a laser printer, you can print all W-2 forms (Copy A, B, C, D, 1 and 2) and W-3 on plain white paper.

    ezW2 print W2, W3, 1099-misc and 1096 forms. EzW2 also support PDF and E-file features.

    purchase payroll software now

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp


    try w2 1099 software     purchase w2 1099 software

    Tags: , , , , , , , , , , ,

    ezW2

    How to print two W-2 forms on one sheet

    by admin 26. January 2012 04:55

    EzW2 software can print all W-2 forms and W-3 form on the white paper. The laser substitute forms of W-2 Copy A and W-3 are SSA approved.

    For users who prefer the red-ink forms, it continues to support the feature to print data on the traditional pre-printed forms.

    When users select the pre-printed form option, ezW2 can print two forms per sheet to cut cost.

    Followings are the steps:

    Step 1: Start ezW2 software

    If you have not installed ezW2, you can download it for free at: http://www.halfpricesoft.com/w2-software-free-download.asp

    Step 2: You can click the top menu “Current Company”, then select sub menu “Form W2”  to open W-2 Form Edit Screen. 

    Step 3: Then click the “Print W2” button to open W-2 Print Option screen.

    Step 4: On print option screen, select “Data Only on preprinted red-ink Laser Form” option.  Then check “TWO W2s per form” option.

    Please make sure you select at least TWO employees from employee list to print two forms at the same time. 

     

    ezW2 can print the SSA-Approved laser substitute forms of w-2 copy A and w-3 on plain paper (Vender ID: 1335). So if you have a laser printer, you can print all W-2 forms (Copy A, B, C, D, 1 and 2) and W-3 on plain white paper.

    ezW2 print W2, W3, 1099-misc and 1096 forms. EzW2 also support PDF and E-file features.

     purchase payroll software now

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp


    try w2 1099 software     purchase w2 1099 software

    Tags: , , , , , , , , , , ,

    ezW2 | HOW TO or DIY

    How to roll forward W2 and 1099 data?

    by admin 19. January 2012 06:23

    Yes, you can copy your 2010 databae file to your 2011 application folder.

    Followings are the steps.

    1. Install ezW2 2011 first.

    http://www.halfpricesoft.com/w2-software-free-download.asp

    2. Start ezW2 2010


    3. Backup database file to ezW2 2011 folder by clicking the top menu "Company Management->Backup current company".

    The default ezW2 2011 folder is:
    C:\Program Files\Halfpricesoft\ezW2(2011)

    4. Start ezW2 2011, select this new database file as your current database file by clicking the top menu "Company Management->Select Company".

    5. You can edit your data there and print your new forms.

    <note:> If you have more than one companies, you need to change the current company in ezW2 and repeat the above steps.

    purchase payroll software now 

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    What is new of Year 2011 Form W-2 and W-3

    by admin 17. January 2012 14:30

     

    What is new for Tax Year 2011

     

    1. Change the Tax Year from 2010 to 2011.

    2. Form W-3, Kind of Employer.  To improve document matching compliance, box b of the 2011 Form W-3 has been expanded to include a new section, Kind of Employer, which contains five new checkboxes.  Be sure to check the “None apply” checkbox if none of the other checkboxes apply.

     

    3. Form W-3, boxes 9 and 12b are blank. 

    4. Form W-2, box 9 is blank.

     

    (Check W-2 Form Filing Deadline here)

    Payroll tax software provider, Halfpricesoft.com, reminds small business owners, HR managers and accountants that Jan 31, 2012 is the mailing deadline of 1099-MISC and W2 tax forms to recipients. Employers looking for ways to simplify W2 and 1099 tax preparation can try out the new improved ezW2 software from Halfpricesoft.com.

    ezW2 2011 has updated based on the new requirements. ezW2 2011 has been approved by SSA to print the Year 2011 laser substitute forms of W-2 Copy A and W-3 on white paper.

    purchase payroll software now

     

    To learn more about ezW2, 1099 W2 Printing software, please visit

    http://www.halfpricesoft.com/w2_software.asp


    try w2 1099 software     purchase w2 1099 software

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    How to Calculate 2012 Federal Income Tax Manually?

    by admin 4. January 2012 16:06

    If you are a small business owners and like to calculate the taxes manually. Please follow this step by step guide on how to use federal tax table and do it manually.

     

    For example:

     

    Karen is the employee of company ABC. She lives in Arizona. Her withholding rate is married/withhold at a single rate.  She has two exemptions and no extra withholds.  She gets paid $10 per hour biweekly.  She works 64 hours for each pay period.


    Followings are the steps to calculate the federal tax:
     

    1. Gross pay for each paycheck:
     
    For each pay period, the gross pay is $640
     
    2. Deduction for each paycheck:
    The standard deduction is $3,800 per year (For Year 2012).
    She can get total $3800*2=$7600
    For each pay period the deduction is: $7600/26=$292.31

     
    3. Taxable income for each paycheck
    So for each paycheck, the taxable income is: 640-292.31=$347.69
     
    4. Federal tax
    (347.69-83.00) * 10%=264.69*10%=$26.47

     

    Current Federal Income Withholding Tax table
    http://www.halfpricesoft.com/federal_income_tax_2012.asp

     

    Table 2 -- Biweekly Payroll Period

    (a) SINGLE person (including head of household) --

    If the amount of wages(after
    subtracting withholding
    allowances) is:

     

    The amount of income tax
    to withhold is:

    Not over $83.00.......

     

    $0

    Over --

    But no over --

     

     

    Of excess over --

    $83.00

    $417.00

     ...

    10%

    $83.00

    $417.00

    $1,442.00

     ...

    $33.40 plus 15%

    $417.00

    $1,442.00

    $3,377.00

     ...

    $187.15 plus 25%

    $1,442.00

    $3,377.00

    $6,954.00

     ...

    $670.90 plus 28%

    $3,377.00

    $6,954.00

    $15,019.00

     ...

    $1,672.46 plus 33%

    $6,954.00

    $15,019.00

    ...

     ...

    $4,333.91 plus 35%

    $15,019.00

     

    EzPaycheck payroll software is designed to automate paycheck processes to reduce the time spent on running payroll. The software’s graphic interface leads users step-by-step through setting up employee information, importing data, calculating payroll—including calculation of federal, state and local taxes; deductions for Medicare, insurance and 401(k) plans; and printing paychecks.

     

    Priced at just $89 per installation, ezPaycheck’s graphical interface and functions are so intuitive that even users without much computer or accounting experience can start automating payroll processes within minutes of installation. Additionally, customers can try ezPaycheck payroll software without cost or obligation for 30 days.

     

    small business payroll software

    purchase payroll software now free download payroll accounting software 

    What Is New Of Year 2011 Form 940

    by admin 3. January 2012 15:33

    Form 940 (Year 2011) - Employer’s Annual Federal Unemployment (FUTA) Tax Return

     

    What’s New

     

    FUTA tax rate. The FUTA tax rate was 6.2% from January 1, 2011, through June 30, 2011 (quarters 1 and 2), and decreased to 6.0% July 1, 2011, through December 31, 2011 (quarters 3 and 4).

     

    Electronic deposit requirement. You must deposit all depository taxes (such as employment tax, excise tax, and corporate income tax) electronically using the Electronic Federal Tax Payment System (EFTPS).For more information about EFTPS or to enroll in EFTPS, visit the EFTPS website at www.eftps.gov, or call 1-800-555-4477. You can also get Pub. 966, The Secure Way to Pay Your Federal Taxes.

     

    Credit reduction state. A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is a “credit reduction state.” The Department of Labor determines these states. If an employer pays wages that are subject to the unemployment tax laws of a credit reduction state, that employer must pay additional federal unemployment tax when filing its Form 940.

     

    Change of address. Beginning in 2012, employers must use new Form 8822-B, Change of Address—Business, for any address change.

     

     

     

    Due Date: 

    The due date for filing Form 940 for 2011 is January 31, 2012. However, if you deposited all your FUTA tax when it was due, you may file Form 940 by February 10, 2012.

     

     

     

     

    Resources:

    Form 940 Instructions

    http://www.irs.gov/pub/irs-pdf/i940.pdf

     

    Halfpricesoft has released the new version of ezPaycheck payroll software on latest 940 form (Year 2011).  ezPaycheck is the easy-to-use and affordable payroll software for small business and non-accountants. ezPaycheck calculates payroll taxes automatically and supports check printing feature, forms 941, 940, W2 and W3.

     

    To learn more about ezPaycheck, please visit: http://www.halfpricesoft.com/index.asp

     

    Or check the video ezPaycheck Made Your Payroll an Easy Job
    http://www.youtube.com/watch?v=JISurtSXoZ0

     

    small business payroll software

    purchase payroll software now free download payroll accounting software

     

    Tags: , , , , ,

    business news

    "How to Print a W-2 Form", New YouTube Video was Released

    by admin 2. January 2012 09:49

    We just released the new YouTube Video "How to Print a W-2 Form". You can view it: http://www.youtube.com/watch?v=_ovH2ug5XkM 

    The new edition of ezW2 software is available with the updated forms and new features. EzW2 help user prepare, print and eFile W2 and 1099-misc forms for Year 2012 tax season.

     

    w2 1099 printing software

    ezW2, fast W2 1099 preparing software trusted by thousands of users, is affordable but fully functional software designed for the non-accounting small business and accountants who needs to file and print Form W-2 and Form 1099

    For more information on How to File W2 1099 Forms, please check 

    http://www.halfpricesoft.com/w2_software.asp

    For special FREE offers of red forms 1099, 1096 W-2 and W-3

    http://www.halfpricesoft.com/w2-1099-forms-free.asp

    try w2 1099 software      purchase w2 1099 software

     

    Forms 1099 W2 Filing Deadline of Year 2012

    by admin 13. December 2011 08:50

    Click here to view 2013 W2 1099 filing Deadline

    Year end reminders:

    • By January 31, 2012

    Furnish Forms 1099 and W-2. Furnish each employee a completed Form W-2, Wage and Tax Statement. Furnish each other payee a completed Form 1099 (for example, Form 1099-MISC, Miscellaneous Income).

    • By February 28, 2012

    File paper Forms 1099 and 1096. File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U.S. Information Returns, with the IRS.

    • By February 29, 2012

    File paper Forms W-2 and W-3. File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration (SSA)

    • If you file electronically, the due date is April 2, 2012.

    ****

    w2 1099 printing software

    ezW2, fast W2 1099 preparing software trusted by thousands of users, is affordable but fully functional software designed for the non-accounting small business and accountants who needs to file and print Form W-2 and Form 1099

    For more information on How to File W2 1099 Forms, please check 

    http://www.halfpricesoft.com/w2_software.asp

    For special FREE offers of red forms 1099, 1096 W-2 and W-3

    http://www.halfpricesoft.com/w2-1099-forms-free.asp

    try w2 1099 software      purchase w2 1099 software

    Tags: , , , , , , , , , , , , , , , , , ,

    ezW2

    Who's not paying federal income tax?

    by admin 7. October 2011 05:13

    Do you know nearly half of tax filers do not pay federal tax? According to the nonpartisan Tax Policy Center in Washington, D.C., 46% of tax filers will owe no federal income tax this year.

    Most of them are the lowest-income Americans. However those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes. Tax Cuts and tax breaks are the main reasons for the change.

    2011 Federal Income Tax Tables
    http://www.halfpricesoft.com/federal_income_tax_2011.asp

    Read more at: http://www.usatoday.com/money/economy/story/2011-10-06/income-tax-nonpayment/50676912/1

    Tags: , ,

    business news

    County income tax rates unchanged in Indiana

    by admin 3. October 2011 17:13

    County income tax rates, including Lake County's status as the only Indiana county without an income tax, appear likely to remain unchanged from 2010 rates.

    None of the 91 counties with an income tax has either increased or decreased its rate this year, according to the Indiana Department of Revenue. Oct. 31 is the final day to change rates for the 2011 tax year.

    Source: http://www.nwitimes.com/news/local/lake/article_ffcc2484-1123-5ccf-b8b3-153b1d5991cc.html#ixzz1ZmNPbdm4

    Indiana State Income tax tables are available at

    Tags: , , ,

    business news

    Amazon Wins Reprieve on California Tax in Exchange For Jobs

    by admin 24. September 2011 06:05

    California lawmakers overwhelmingly approved a compromise bill Friday night giving Amazon.com a one-year reprieve from having to collect a sales tax from its customers in the state. Under the new measure, Amazon agreed to start collecting the tax in September 2012 unless there was federal legislation on the issue.

    So what should online resellers do after September 15 2012? What’s next for other states? Online sellers face mounting pressure across the country to collect sales taxes across the country.

    I am not against collecting sales tax; however I am against collecting sales tax on behalf of 50 states. Small businesses are not tax collectors. Can online sellers just collect a flat rate federal sales tax?

    During downturn, all businesses compete on keeping their costs of doing business as low as possible while expending their time and energy on revenue generating activities. I believe being forced to track each purchase by zip code will create unnecessary costs and price increases that will hurt everyone.

    Tags: , , ,

    business news

    What Is Social Security Tax?

    by admin 31. August 2011 10:32

    The Social Security tax is a payroll tax that was started by the United States Government in the 1930s. This tax is imposed upon working people and their employers.

     

    For 2011, the maximum taxable earnings amount for Social Security is $106,800. The Social Security tax (OASDI) rate for wages paid in 2011 is 4.2 percent for employees and 6.2 percent for employers. 

     

    For example, an individual with wages equal to or more than $106,800 would contribute $4,485.60 to Social Security in 2011.  The employer would contribute $6,621.60.

     

    Related Link:

     

    Federal Income tax Table

    http://www.halfpricesoft.com/federal_income_tax_2011.asp

    small business payroll software

    purchase payroll software now free download payroll accounting software 

    Tags: , , , , , , ,

    Payroll taxes | small business 101

    Pay More Social Security Tax in Year 2012? IRS Proposed Social Security Wage Base Increases

    by admin 31. August 2011 07:56

    The Social Security Administration has released the proposed figures for the increase in the wage base for taxation for 2012 and projected some figures for the years up to 2015.

     

    The Social Security wage base, now at $106,800, is projected to increase to $110,700 in 2012, according to the annual report of the Social Security Board of Trustees. Also – in 2012, the temporary 2% reduction in the Social Security withholding tax will expire.

     

    This will increase the social security tax paid by high wage earners from $4,485.60 (in Year 2011) to $6,863 (in Year 2012).

     

    Future wage bases have been projected for the years up to 2015 as well:  for 2013, the base is projected at $113,100; for 2014, $117,600; and for 2015, $122,700.

     

    Related link:

     

    Current federal income tax table:

    http://www.halfpricesoft.com/federal_income_tax_2011.asp

     

    small business payroll software

    purchase payroll software now free download payroll accounting software 

    Tags: , , , , , ,

    business news

    How to Calculate 2011 Federal Income Tax Manually?

    by admin 29. August 2011 03:31

    Some small business owners are still calculating the taxes manually. Following is the step by step guide on how to use federal tax table and do it manually.

     

    For example:

     

    Karen is the employee of company ABC. She lives in Arizona. Her withholding rate is married/withhold at a single rate.  She has two exemptions and no extra withholds.  She gets paid $10 per hour biweekly.  She works 64 hours for each pay period.


    Followings are the steps to calculate the federal tax:
     

    1. Gross pay for each paycheck:
     
    For each pay period, the gross pay is $640
     
    2. Deduction for each paycheck:
    The standard deduction is $3700 per year (For Year 2011).
    She can get total $3700*2=$7400
    For each pay period the deduction is: $7400/26=$284.62
     
    3. Taxable income for each paycheck
    So for each paycheck, the taxable income is: 640-284.62=$355.38
     
    4. Federal tax
    (355.38-81.00) * 10%=274.38*10%=$27.44

     

    Current Federal Income Withholding Tax table
    http://www.halfpricesoft.com/federal_income_tax_2011.asp

     

    Table 2 -- Biweekly Payroll Period

    (a) SINGLE person (including head of household) --

    If the amount of wages(after
    subtracting withholding
    allowances) is:

     

    The amount of income tax
    to withhold is:

    Not over $81.00.......

     

    $0

    Over --

    But no over --

     

     

    Of excess over --

    $81.00

    $408.00

     ...

    10%

    $81.00

    $408.00

    $1,408.00

     ...

    $32.70 plus 15%

    $408.00

    $1,408.00

    $3,296.00

     ...

    $182.70 plus 25%

    $1,408.00

    $3,296.00

    $6,788.00

     ...

    $654.70 plus 28%

    $3,296.00

    $6,788.00

    $14,663.00

     ...

    $1,632.46 plus 33%

    $6,788.00

    $14,663.00

    ...

     ...

    $4,231.21 plus 35%

    $14,663.00

     

    EzPaycheck payroll software is designed to automate paycheck processes to reduce the time spent on running payroll. The software’s graphic interface leads users step-by-step through setting up employee information, importing data, calculating payroll—including calculation of federal, state and local taxes; deductions for Medicare, insurance and 401(k) plans; and printing paychecks.

     

    Priced at just $89 per installation, ezPaycheck’s graphical interface and functions are so intuitive that even users without much computer or accounting experience can start automating payroll processes within minutes of installation. Additionally, customers can try ezPaycheck payroll software without cost or obligation for 30 days.

    small business payroll software

    purchase payroll software now free download payroll accounting software 

    How set up the before-tax or after-tax deduction with ezPaycheck Payroll software?

    by admin 15. August 2011 05:47

    ezPaycheck payroll software is very flexible. User can set up pre-tax deduction or after-tax deduction easily.

    ezPaycheck payroll software is very flexible. User can set up pre-tax deduction or after-tax deduction easily.

    ·         If you need to add a customize deduction, you can refer to the following article. You can select the tax option from the Deduction Details screen.

    http://www.halfpricesoft.com/business-blog/post/2011/05/05/How-to-add-a-new-payroll-deduction.aspx

    ·         For built-in deductions (Health Insurance or 401K), you can change the tax options by following the steps below.

    1. Click the left menu "Company Settings->Deductions" to open "Company Deduction Setup" screen.

    2. Click the button behind 401K or Health Insurance to open "Deduction Details" screen.

    3. Check/Uncheck tax options

    4. Click the Save button to update changes for the deduction details.

    5. Click the Save button to update changes for company deduction setup.

     

     

    More information about ezPaycheck payroll software can be found at product page.

     small business payroll software

    purchase payroll software now free download payroll accounting software

     

    New York Unemployment Insurance Taxes Increases

    by admin 29. July 2011 10:23

    Employers across New York have been given short notice to pay more in unemployment insurance taxes to cover the state’s $95-million interest payment on federal stimulus funds borrowed during two years of high unemployment.

    The maximum additional amount that most employers will pay is $21.25 per employee, state Labor Department officials said in a mid-July notice to employers. Employers have until Aug. 15 to pay the interest assessment surcharge.

    The surcharge amounts to one-fourth of 1 percent of an employer’s total taxable wages in the most recently completed payroll year, Oct. 1, 2009 through Sept. 30, 2010.

    Source: http://westfaironline.com/2011/15259-new-state-charge-for-employers/

    New York State Tax Table

    http://www.halfpricesoft.com/2011/taxrate-NewYork-2011.asp

     

    small business payroll software

    purchase payroll software now free download payroll accounting software

    Tags: , , , ,

    business news

    FUTA (Federal Unemployment Tax) rate reduced to .6% as of 7/1/2011

    by admin 1. July 2011 06:02

    Beginning July 1, 2011, the FUTA tax rate will decrease to 6.0%. This change will reduce the effective tax rate for most employers payroll calculation from .8% to .6%. 

    Federal Unemployment Tax    

    The Federal Unemployment Tax Act (FUTA), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a Federal and a state unemployment tax. Only the employer pays FUTA tax; it is not deducted from the employee's wages. (For more information, refer to the Instructions for Form 940 )

     FUTA Calulations:

    The FUTA tax rate was 6.2% of taxable wages before. The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, on a timely basis, will receive an offset credit of up to 5.4% regardless of the rate of tax they pay the state.  

    Before July 1, 2011

    For most employers, the net FUTA tax rate is generally 0.8% (6.2% – 5.4%), for a maximum FUTA tax of $56.00 per employee, per year (.008 X $7,000. = $56.00).

    After July 1, 2011 

    For most employers, the net FUTA tax rate is generally 0.8% (6.0% – 5.4%), for a maximum FUTA tax of $42.00 per employee, per year (.006 X $7,000. = $42.00).

    ezPaycheck Payroll software

    Halfpricesoft.com will release the updated version of ezPaycheck Payroll Software after we get new instructions of Form 940.

    small business payroll software

    purchase payroll software now free download payroll accounting software

     

     

    Tags: , , , , ,

    business news

    Online tax bill has passed California Legislature

    by admin 21. June 2011 06:03

    California lawmakers have passed a bill to force out-of-state Internet retailers such as Amazon.com Inc. to collect taxes under two different legal theories, both of which have been criticized by online sellers.

    One approach requires online sellers to collect tax if they have affiliates in California that refer shoppers to their site. Similar efforts in other states generated opposition because online retailers responded by severing relationships with in-state affiliates, often small businesses. Amazon has said it would do the same in California.

    In a more novel approach, the bill requires an online retailer to collect the tax if it has sister companies in California, such as a marketing arm or product developer.

    Source: http://www.businessweek.com/ap/financialnews/D9NVL82O0.htm

    Tags: ,

    business news

    275000 Nonprofits Lose Tax Exempt Status

    by admin 13. June 2011 10:26

    The IRS has started publishing a list of organizations that have had their federal tax-exempt status automatically revoked for failing to file an annual information return or notice with the IRS for three consecutive years. The Automatic Revocation of Exemption List (Auto-Revocation List) is available in Adobe and Excel formats, and divided into separate lists by jurisdiction. The Auto-Revocation List provides the name, employer identification number (EIN), organization (subsection) code, last known address, effective date of revocation, and date on which the name was posted on IRS.gov.

    Check the full list at:

    http://www.irs.gov/charities/article/0,,id=240099,00.html

    Tip Sheet on Revocation of Tax-Exempt Status from National Council of Nonprofits

    http://www.councilofnonprofits.org/sites/default/files/Automatic%20Revocation%20Tip%20Sheet.pdf

     

    Tags: , , ,

    business news

  • ezPayCheck Payroll Software
  • ezCheckPrinting - Business Version
  • Home
  • Federal Tax Tables
  • ezCheckPersonal - Personal Version
  • Support
  • Federal Payroll Taxes
  • ezW2-W2 1099 software
  • Download
  • State Tax Site
  • ezBarCodePrinting
  • Purchase
  • State Tax Site
  • ezTimeSheet
  • links
  • Please Share It

    Software From Halfpricesoft

    You are welcome to try our software for FREE, with no cost and no obligation.

    accounting software, payroll software
    ezPaycheck payroll software - Try it free

    w2 1099 prepare and printing software

    W2 1099 Printing Software - Try it free

    free micr check design and printing software, check writing software


    Business Check Writing Software
    - FREE offer available

    personal check designing and printing software
    Personal Check Writing Software
    - FREE offer available

    TimeSheet Time Tracking software
    PC Punch Clock Software
    - FREE offer available