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SOURCE Real Business Solutions
The Internal Revenue Service and a number of state departments have updated withholding tables for tax year 2014. Payroll Mate® payroll software is helping small business owners and payroll service bureaus apply the latest tax tables and comply with federal and local payroll regulations.
CHICAGO, Jan. 1, 2014 /PRNewswire/ -- Real Business Solutions (PayrollMate.com / 1-800-507-1992) reminds employers and tax professionals of the latest payroll withholding changes introduced in 2014 by the Internal Revenue Service and a number of state departments of revenue including California, New York, Maryland, Massachusetts and more. The software maker also invites small business owners to try the 2014 version of its popular Payroll Mate® software.
Free Payroll processing program trial can be downloaded from http://www.PayrollMate.com/.
For 2014, the social security tax rate is 6.2% each for the employee and employer. The social security wage base limit is $117,000. The Medicare tax rate is 1.45% each for the employee and employer. There is no wage base limit for Medicare tax. The 2014 amount for one federal withholding allowance is $3,950 (annual).IRS has also introduced new 2014 federal payroll tax withholding tables to be used by employers who do payroll by hand or use automated methods like payroll accountings software.
Payroll Mate® is everything employers need to run payroll in-house. The payroll system offers the features of high-end payroll service applications for a fraction of the price. Payroll Mate® imports and exports data to leading accounting software including QuickBooks, Quicken, Peachtree (Sage 50), Microsoft Accounting and more. Year after year, thousands of employers and accounting professionals trust Payroll Mate to do payroll and prepare payroll taxes in house.
Download free payroll software trial by visiting http://www.realtaxtools.com/
Payroll Mate software highlights:
Give Payroll Mate software a test drive and see how easy and affordable processing payroll can be. Visit http://payroll.realtaxtools.com/ .
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