Payroll
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The following are yearly procedures for Payroll:


Which Entry Item

In Which Menu

Special Instructions

1. Print W2 Forms


Payroll Tax Reports

Buy computer W2 forms. Call the Perfection Software Support Department to receive the latest W2 print program if it has changed.

2. Federal Tax Values

Payroll Setup

If applicable, change the Supplemental Earning Percent, the Employee and Employer Social Security Percent, the Employee and Employer Medicare Percent, the Maximum Social Security Wages, the Maximum Medicaid Wages, Federal Unemployment Percentage, and the Maximum FUI Wages.

3. State Tax Values (If applicable)

Payroll Setup

If applicable, change the Supplemental Earning Percent, the Employee and Employer Social Security Percent, the Employee and Employer Medicare Percent, the Maximum Social Security Wages, the Maximum Medicaid Wages, the State Unemployment Percent, and the Maximum SUI Wages.

4. City Tax Values (If applicable)

Payroll Setup

If applicable, change the Supplemental Earning Percent, the Employee and Employer Social Security Percent, the Employee and Employer Medicare Percent, the Maximum Social Security Wages and the Maximum Medicaid Wages.

5. Tax Table Entry

Payroll Setup

After receiving the new Circular E, check to see if any changes have been made. Be sure to make changes to all of the Tax Table Id's (example - FED-S, FED-M).