If you live in the United States and are an employer. The IRS release preliminary withholding tables for 2018 during the second week of January. Income tax laws were changed by the Senate and House of Representatives and signed by the President in the later part of December 2017.
The new tables should be in place by February 15, 2018. It’s ok to use 2017 for federal income tax withholding on employees until that time.
Contact your software provider for updates so you and your business will be complying by mid-February.
Here’s the link for a PDF if your software uses the computer method to calculate withholdings.
The new tables should be in place by February 15, 2018. It’s ok to use 2017 for federal income tax withholding on employees until that time.
Contact your software provider for updates so you and your business will be complying by mid-February.
Here’s the link for a PDF if your software uses the computer method to calculate withholdings.
View PDF
PS: If you are a user of Countryside Data farm payroll software or our business version. Visit our web site on January 14, 2018 for a copy. Or contact us for support to setup new tables.
By Ken Stavast
A serial entrepreneur, accounting and payroll software developer, marketer and consultant to small to mid sized business operations. Can be reached at AffordableSolutionsForBusiness.com or BusinessLogicUSA.com or HomeRunmarketing-USA.com on the contact page.
By Ken Stavast
A serial entrepreneur, accounting and payroll software developer, marketer and consultant to small to mid sized business operations. Can be reached at AffordableSolutionsForBusiness.com or BusinessLogicUSA.com or HomeRunmarketing-USA.com on the contact page.