Payroll Tax Rates Changed for 2015; Payroll Mate® Software Updates Withholding Calculation Engine

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2015 payroll tax rates have been announced by federal and state tax agencies and Payroll Mate 2015 software has been updated to reflect these new rates. More details at

Payroll Mate Payroll System for Small Businesses and Accountants.

Payroll Mate Payroll System for Small Businesses and Accountants.

2015 Payroll Mate trial is available from

The Internal Revenue Service and several state departments of revenue have introduced new withholding tax tables Effective January 1, 2015. Payroll Mate® Software ( / 1-800-507-1992) has been updated to reflect these changes and help employers comply with their payroll withholding obligations in 2015.

Indiana's withholding rate fell to 3.3 percent from the 2014 rate of 3.4 percent, Illinois's rate fell to 3.75 percent from the 2014 rate of 5 percent, and North Carolina's rate fell to 5.75 in 2015 from 5.8 percent in 2014. In addition to these 3 states the following states have introduced new withholding formulas: Arkansas, California , Colorado, Connecticut, Washington DC, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Minnesota, Missouri, New Mexico, New York, North Dakota, Oklahoma, Oregon, Rhode Island and Vermont .

Payroll Mate® is everything small businesses owners need to run payroll in-house. The payroll system offers the features of high-end payroll accounting applications for a fraction of the price. Payroll Mate Works with different accounting software including QuickBooks, Peachtree (Sage 50), Quicken, Microsoft Accounting and more. Free trial download of Payroll Mate is available by visiting

At the federal level, the 2015 Federal Unemployment Tax Act (FUTA) wage base is $7,000 per employee. The 2015 Social security tax rate is 6.2% each for the employee and employer. The 2015 social security wage base limit is $118,500. The 2015 Medicare tax rate is 1.45% each for the employee and employer and the additional Medicare withholding tax is 0.9% (on top of the 1.45% rate) for wages paid to an employee in excess of $200,000 in a calendar year.

Payroll Mate software tracks different information related to employee payroll, paychecks and benefits including salaries, hourly payments, commissions, bonuses, vacation/sick pay; and benefits like retirement plans (such as 401K). The program also calculates federal and state withholding taxes (including Social Security, Medicare, unemployment, and disability insurance), prints payroll checks, generates direct deposit files, and exports payroll data to accounting software. Payroll Mate also supports employee reimbursements for company expenditures fronted by employees. Payroll Mate prepares payroll and tax forms 941, 940, 943, 944, W-2 1099, 1096 and W-3. Payroll Mate also supports different pay types and frequencies such as weekly, biweekly and monthly. Payroll Mate includes password protection feature to keep payroll data secure.

Payroll Mate software highlights:

Automatically calculates federal and state payroll tax withholding;
Supports different types of pay periods including weekly, biweekly, semimonthly and monthly;
Supports customizable income, tax and deductions categories;
Exports Payroll checks to Quicken and accounting software like Microsoft Office accounting;
Can be used as QuickBooks payroll alternative with the ability to export payroll data to QuickBooks software;
Supports payroll vacation accrual and sick pay accrual;
Supports the following payroll forms: 941, 940, 944, W-2, W-3, California DE-9, California DE-9C, Florida RT-6, Texas C-3 , Texas C-4, New York NYS-45, Illinois 941 and Illinois UI-3/40;
Prints IRS 1099 and 1096 forms;
Supports income per mile and per piece;
Exports payroll reports to Excel, CSV and PDF;
Prints on Laser and Inkjet checks;
Prints on preprinted scannable W2 forms and W3 forms;
Generates comprehensive reports including payroll journal, tax liability and deposit requirement;
Generates Direct Deposit Files;
Prints MICR checks on blank check stock.

2015 Payroll Mate trial is available from

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Nancy W.
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