SAN JOSE, Calif. (PRWEB) January 23, 2018
The IRS has released the 2018 payroll tax withholding tables on January 11, 2018 under the newly passed tax law. Employers should start to apply the new tax tables for employee payroll as soon as possible but no later than Feb 15, 2018.
C&S Technologies, Inc., a payroll software that has offered payroll tax calculators for almost 20 years, has implemented the new tax tables to its Paycheckmanager.com and eSmartpaycheck.com websites. Users of these online payroll software websites will be able to calculate and prepare paychecks that reflect the latest tax rates and tax brackets.
The new tax tables are designed to work with the existing W-4 forms, regarding marital status and number of allowances currently in use. Employers do not need to make any changes, including paychecks that were issued prior to the implementation of these new tax rates.
The IRS continues to work on further details regarding the payroll withholding and may revise the W-4 form to facilitate any changes the employees may want in response to the new tax law. The IRS is encouraging all taxpayers to check their withholdings with new paycheck calculators to understand the impact of the new law to their tax liabilities and withholdings. The goal is to help workers to avoid withholding too much or too little for taxes.
By offering payroll calculators with the latest tax rates and tax brackets, C&S wants to facilitate a better planning by employees for proper payroll tax withholdings. The sooner the new tax tables are implemented, the sooner and the better employees can experience the impact of the new tax law.
About C&S Technologies, Inc.,
C&S Technologies, Inc., has been providing small businesses throughout the nation with business payroll and tax services since 1996. The Silicon Valley based company offers six business payroll management solutions that allow business owners and managers to choose which specialty services suit their individual needs, including eSmartPaycheck.com, PaycheckManager.com, SimplePayroll.com, w2manager.com, 1099manager.com, and eSmartPayroll.com.
For more information, visit any of the C&S Technologies, Inc. websites or call (408) 935-8969.