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AUTOMATIC TAX COMPUTATION
Single, Married/One Working (Filing Jointly), Married/Both Working(Filing
Singly), Head of Household, and Independent Contractor all receive the
withholding treatments appropriate to their filing status and "tax homes".
You select which taxes are applicable to each employee. Independent contractors
normally receive 1099-MISC forms instead of W-2's, but DATASMITH Payroll
gives you flexibility to report on W-2's for ministers otherwise treated
as independent contractors.
AUTOMATIC PAY ENTRY
Saves time on payrolls containing Salaried or Regular personnel. You can
mix Hourly, Salaried, Regular, Reporting Salaried, Commission, and
Salary-Plus-Commission in the same payroll. Up to five components of automatic
pay are provided: each component can have different tax consequences and
handling: allowing you to set up Non-Cash or other Imputed Pay items such
as Cost of Excess Group Life Insurance and completely avoid many year-end
adjustments.
SIX WITHHOLDING METHODS FOR EACH EMPLOYEE
Employees with substantial outside income or whose pay varies from period
to period can choose from "None" (exempt), "Regular",
"Regular-plus-Extra-Amount", "Regular-plus-Extra-Percentage", "Fixed Percentage",
or "Flat Amount" withholding methods for Federal, State, and Local
withholding.
16 PAY CATEGORIES (EXPANDABLE IN GROUPS OF 8)
Eight Ready-to-use Standard Categories to help you get started quickly include
Regular, Overtime, Holiday, Vacation, Tips, Sick Pay, Non-Cash, and Other....Plus
eight User-Defined Pay Categories with Tax & Handling Control.
USER-DEFINED PAY CATEGORIES User-Defined Pay Categories with Tax & Handling
Control put you in charge of special data collection and reporting. This
feature allows you to set up (for example) Non-Cash Tax-Exempt Pay, Regular
Deferred Compensation Payments, Vehicle Usage, Imputed Pay, "Reporting Only"
items, and many other special cases with full YTD tracking and year-end reporting
on the W-2. You can handle mixtures of Reported, Imputed, and Allocated Tips.
You can have both taxable and nontaxable Sick Pay. Set up one, two, or more
401(K), 403(B) or 501(c) Pension Plans: use User-Defined Pay in combination
with User-Defined deductions to set up contributory and non-contributory
parts of each plan! Multi-part S-125 Cafeteria Plans are no problem: even
when each part requires different taxation and reporting! Easily set up complex
cases like ministers' Housing, Pension, and Car Allowance!
SO MANY WAYS TO PAY Your choice of 14 readily-available continuous and laser
check styles, including "Stub Only". A handy reminder message tells you exactly
which form is selected for use. Prints sample overlays for all supported
forms. Built in alignment test. User message on stub. Easy same-period
cancel/rewrite. Checks are produced in operator's choice of 5 sorting orders.
Cut costs by using the same "blank stub" stock you use with your accounts
payable: DATASMITH composes and formats stubs for each employee "on the fly".
DATACHECK option creates MICR encoded checks on blank stock with your HP
laser printer. Direct Deposit Option available, too...with useful, advanced
features such as Automatic Prenotification, plain-paper or mailer style Deposit
Notification forms, optional Automatic Balancing Withdrawal, and more!
MANUAL CHECK ENTRY for entry of Off-Site or exceptional checks or After-The-Fact
payroll recording. You can also use this handy facility to make one-time
adjustments to automatically calculated pay or deductions.
EASY-TO-MAINTAIN TAX TABLES: Tax rates are controlled by Annual Wage Bracket
Tables, just like Table 7 of Circular E...and just like the ones published
by most states. We even tell you specifically how to extract the information
from your state's publication! You need only a single set of tables for each
taxing authority no matter how many pay periods you use!
(See the actual tables on our web site!) Sure,
we'll sell you annual tax table updates if you wish (about $39/year)...but
isn't it nice to know you won't have to buy them?
FIVE SPECIAL (NONRECURRING) PAY OR DEDUCTION AMOUNTS
per employee Per Pay Period (expandable in groups of five): The operator
has full control over the name given to the item, as well as its tax
consequences. Specials are useful for cash advances, bonuses, employee purchases,
occasional commission payments, expense reimbursement, and many other
irregularly-occurring situations.
AUTOMATIC EARNED INCOME CREDIT CALCULATION
for eligible employees: even handles "spouse also eligible". Earned Income
Credit paid is automatically included on your Federal Deposit Summary.
24 DEPARTMENTS (EXPANDABLE IN GROUPS OF 12): Reporting for User-Named Departments
is available at operator's option on most reports, with Department totals
where applicable. Operator's choice of Alpha or ID order within Department.
12 USER-DEFINED RECURRING DEDUCTIONS in addition to tax withholding (EXPANDABLE
IN GROUPS OF 12): Each Deduction can be defined as Taxable, Tax Exempt,
Tax-Deferred (FICA only), or All Taxes Except FICA, and can optionally be
limited by the balance in each Employee's Auxiliary or Advance Accumulator.
For each Employee, each deduction can be a fixed dollar amount, a dollars
per hour amount, or a percentage of gross pay. Each pay period, the operator
can enable or disable each deduction for the entire company, or for any
individual. Recurring Deductions are reported with period and YTD totals.
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