It’s a new year which means it’s the perfect time to consider running your own payroll in BPA! The BPA Business System allows you to take full control of your own payroll processing. Move hours directly from the time clock, calculate taxes, and print checks directly from BPA. For only $75 a year you receive federal tax updates.
2014 Tax Tables Available Now
If you are already running payroll or would like to get started, the 2014 federal tax table update for Business Plus Accounting is available now. This table is preprogrammed to work with the BPA software and allows the software to deduct the correct Federal Tax Withholding amount based on marital status and number of exemptions claimed. Call us at (801)336-3303 for more information.
Getting Started With Payroll
If you are just getting started with payroll in the BPA software please check out our payroll setup guides. These guides will walk you through making sure the system in configured properly as well and running your first payroll.
For Restaurant, Delivery, and Hotel customers:
Restaurant Payroll Setup Guide
For Touch POS customers:
Touch POS Payroll Setup Guide
Additional Payroll Tax Information
Please make sure the following tax rates are correct in the BPA Payroll module as they are not included in the tax table update. These additional rate may be configured by going to Business System > Payroll > Change Federal Tax Limits. Rates below are from IRS Publication 15 as of 1/3/14. Please verify all rates listed.
Social Security Wage Limit - $117,000.00
Social Security Employee Rate – 6.2%
Social Security Employer Rate – 6.2%
Medicare Wage Limit – No Limit, please enter 9,999,999.99
Medicare Tax Rate – 1.45%
FUTA Wage Limit - $7,000.00
FUTA Tax Rate – 6.0% unless you take a credit against your state unemployment.
State and Local Taxes
Business Software Solutions does not provide updates to state and local tax information as this varies by state, county and sometimes even city municipalities. It is the customer’s responsibility to check with your local tax commission to verify local tax requirements and compliance.