At Realtaxtools.com, we focus on building affordable and reliable W2 1099 processing solutions for businesses and tax professionals.
Chicago, IL (PRWEB) March 14, 2013
Real Business Solutions, provider of W2 1099 software for businesses and tax professionals announces the immediate release of their W2 Electronic Filing Module that simplifies the process of E-Filing W-2s with the SSA and most states that require filing wage information electronically.
W2 Mate generates ready-to-upload wage reports that match the SSA-required EFW2 format (Specifications for Filing Forms W-2 Electronically). In addition to verifying wage data automatically, W2 Mate interfaces with the AccuWage test tool to check W-2 E-files for correctness before sending them to the Social Security Administration.
A free W-2 software evaluation can be downloaded from http://www.W2Mate.com. Customers can purchase the software and receive it instantly.
For 2012 the following changes have been introduced to the W2 Electronic Filing Format:
- The Preferred Method of Problem Notification Code field (position 499 in the Submitter Record) has been removed and is now shown as filler.
- The Military Employee Basic Quarters, Subsistence and Combat Pay field (positions 342-352 in the Employee Wage Record) has been removed and is now shown as filler.
- The Military Employee Basic Quarters, Subsistence and Combat Pay field (positions 220-234 in the Total Record) has been removed and is now shown as filler.
- The Contact E-Mail/Internet field (positions 446 – 485 in the Submitter Record) is now a required field.
- The Social Security payroll tax Wage Base for tax year 2012 is $110,100.
- The employer tax rate for Social Security will be withheld at 6.2 percent (up to $6,826.20).
- The employee tax rate for Social Security will be withheld at 4.2 percent (up to $4,624.20).
- Medicare taxes continue to be withheld at 1.45 percent on all wages (no limit).
- The 2012 Social Security and Medicare coverage threshold for Household is $1,800.
W2 Mate can e-File W2s electronically with the following states: Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Vermont, Virginia, West Virginia and Wisconsin.
In a statement Nancy Walters, W2 Mate product manager at Real Business Solutions said, "This new release of W2 Mate reflects our commitment to delivering affordable, easy-to-buy and easy-to-use W2 printing and E-filing solutions that help companies of every size process SSA W-2 tax forms in-house."
W2 Mate is the perfect software program for business filers looking for answers to questions like how to make W-2 forms, how to file 2012 form W2 electronically, how to report W2 information to the state of Virginia, how to print W2s on plain paper in QuickBooks and Peachtree and many other similar questions.
W2 Mate Software Highlights:
- 2012 W2 EFile support (Complies with SSA EFW2 format Specifications for Filing Forms W-2 Electronically). 2012 1099 EFile support (Complies with IRS Publication 1220- Specifications for Filing Form 1099 Electronically)
- Prepares unlimited number of 2012 W2 and 1099 forms for multiple employers and payers.
- Prints 2012 1099 recipient copies on regular white paper.
- Creates 2012 employee W2's as PDF and recipient (vendor) 1099's as PDF.
- Prints government-approved W-2 and W-3 forms on regular white paper (no red-ink form to buy)
- Data import from MS Dynamics, Great Plains, Intuit QuickBooks, Sage Peachtree, Sage DacEasy, Excel and CSV. Data import from QuickBooks removes the "800 Form" / "$10 Million payroll" maximum limitation.
- Efficient and intuitive manual W2 / 1099 data entry.
- Supports 1099MISC, 1099K, 1099INT, 1099DIV, 1099R, W2, W3, 1096, 1099S, 1098T, 1098, 1099A, 1099B, 1099C, 1099PATR, 1099OID.
- Automatically calculates Social Security and Medicare taxes. For paper filers 1096 and W3 are automatically generated.
- Supports Windows 8, Windows 7, Windows Vista, Windows XP, Windows Server 2003, Windows 2000 or Windows 98.
- Roll-over of payer and recipient information from year to year.
- Password protection and data validation.
- Generates printing labels, form totals and recipient lists.
- Prompt, courteous and reliable U.S.-based support through phone, chat or e-mail.
- Network ready with affordable pricing for multiple seats.
- Exports W2s and 1099s to excel.
- Includes 1099 and 1098 filing instructions.
- TIN matching and verification including reports for missing TINs and TIN matching errors.
- Secure and reliable.
- Completes 1099 forms electronically.
- Auto generates control numbers for W-2 Forms.
- Demo software includes sample company with sample 1099 forms filled out.
A free evaluation of W2 Mate 2012 can be downloaded from http://www.W2Mate.com/ . Customers can purchase the software and receive it instantly.