2011 Payroll Software for QuickBooks Users from Real Business SolutionsUpdated with 2011 Federal Tax Tables, 2 Percent Social Security Tax Cut andNew State Withholding
Payroll Mate payroll software releases new payroll withholding calculator with support for the2011 tax tables, that were developed as a result of the recently passed Tax Relief and Job Creation Act of 2010. Payroll Mate helps payroll departments and small businesses using QuickBooksimplement the new changes by the IRS due date of January 31, 2011.
Orland Park, IL, January 06, 2011 --(PR.com)-- Real Business Solutions (PayrollMate.com), a providerof payroll software for QuickBooksand other accounting systems has released a new version of its 2011Payroll Mate program. The updated payroll calculator shipping with the software reflects the reduction inemployee social security tax withholding rate from 6.2 percent to 4.2 percent of wages paid. The taxcalculator also includes the latest federal and state withholding tables for tax year 2011.Popular among small businesses and accounting firms, Payroll Mate is always one of the first payrollprocessing solutions to implement tax updates and new payroll regulations. Payroll Mate is trusted bythousands of businesses nationwide including QuickBooks and Quicken users. A Free payroll softwaretrial can be downloaded from the product's website by visiting Payrollmate.com"If you use QuickBooks to manage your business and you've been searching for payroll software thatintegrates with QuickBooks, then Payroll Mate is definitely for you," says Payroll Mate product managerNancy Walters. With the advanced features in this payroll solution, SMBs can save a bundle by usingPayroll Mate to prepare payroll and track payroll taxes and then post payroll data to QuickBooks at theend of the pay period. Payroll Mate is currently used by accountants, businesses, CPAs, churches, banks,professional tax preparers and payroll service providers.For 2011, the employee tax rate for social security is 4.2 percent. The employer tax rate for social securityremains unchanged at 6.2 percent. The 2011 social security wage base limit is $106,800. In 2011, theMedicare tax rate is 1.45 percent each for employers and employees, unchanged from 2010. There is nowage base limit for Medicare tax. Employers should implement the 4.2% employee social security taxrate as soon as possible, but not later than January 31, 2011.Payroll Mate is state-of-the-art payroll preparation system, which offers fully-automated payrollprocessing functions. Below is a summary of the features offered by Payroll Mate:- Exports Payroll Data to QuickBooks software.- Exports Payroll checks to Quicken and accounting software like Microsoft Office accounting.- Supports the following federal payroll forms: 941, 940, 944, W-2, W-3.- Supports California DE 9 , DE 9C, Texas C-3 , Texas C-4, New York NYS-45, IL 941 and IL UI-3/40.- Automatically calculates federal payroll tax and state payroll tax withholding.- Supports different types of pay periods.- Supports customizable income, tax and deductions categories.- Supports income per mile and per piece.