 |
|
RealWorld® Classic and
Payroll For CounterPoint
2011 Year-End Update
Now available for these versions:
| Version |
DOS/Windows |
UNIX |
| 9.0 & 9.1 |
x |
x |
| 8.4, 8.5 & 8.6 |
x |
x |
| 8.01, 8.02 & 8.03 |
x |
x |
| 6.5M & 6.6M |
x |
x |
| PAS2000 |
x |
- |
| CP Payroll |
x
|
x
|
|
Changes to Note for Tax Year 2011:
- Revised Forms W-2 & W-3: Box 9 Deleted
With the elimination of EIC credit payments effective beginning tax year 2011, Box 9, Advanced EIC Payments, has been deleted from both the W-2 and W-3 forms.
|
- New W-2 Box 12 Code "DD"
Cost of Group Health Insurance 
Form W-2 reporting has revised Box 12 to include a new Code “DD” for reporting the cost of employer-sponsored health coverage. While not yet mandatory for 2011, this change will enable the reporting of this amount by Employers upon its being mandated.
|
- New W-2 Box 12 Code "EE" Designated Roth Contributions
Form W-2 reporting has revised Box 12 to include a new Code “EE” for reporting of designated Roth contributions. Participants in government section 457(b) plans can treat elective deferrals as Roth contributions.
|
- Form W-3 Layout Extensively Modified
The Form W-3 layout has been revised to include a new Box b section to report “Kind of Employer,” which contains 5 new checkboxes. Filers are required to check one of these new checkboxes. This change improves document matching compliance. The layout of Form W-3 has been extensively modified to accommodate the “Kind of Employer” section on Form W-3.
|
- Magnetic W-2 "Report Year" Parameter Updated
When entering magnetic W-2 screen parameters, certain payroll versions contained a limitation which only allowed a reporting year of between 1995 and 2010. This limitation was removed.
|
- Employee Social Security Tax Rate Was 4.2%
The employee SS tax rate was set at 4.2% for tax year 2011. Employers should have withheld SS tax at this new rate for employees. Matching employer SS tax rate remained at 6.2% for tax year 2011.
|
- W-2 Electronic Reporting Changes
Specific magnetic W-2 record changes, including Employee and Total record fields, were added for 2011. These changes affect all electronic W-2 reporters
|
- 1099-Misc Electronic Reporting Changes
Specific magnetic 1099 record changes including Payer, Payee and Transmitter field changes were updated for 2011. Specific records were also incremented to update the four-digit reporting year from 2010 to 2011. These changes affect all Electronic 1099-Misc reporters.
|
- Revised Social Security Number Validation Checks
W-2 processing programs & the Employee SSN Validation Report were updated with current Social Security Number validation checks available until June, 2011. Based on allocated Social Security numbers issued by the Social Security Administration (SSA), these reports enable employers to quickly verify the authenticity of specific employee social security number ranges.
As of June 25, 2011, a new system called SSN Randomization was implemented by the SSA. The new SSN system assignment limits the automatic validation of SS numbers. While the software continues to validate some elements of the SS numbers entered in the Payroll system, for more complete information, please refer to the Social Security Number Verification Service at the following web address: http://www.ssa.gov/employer/ssnv.htm.
|
- Ensures Compatibility Now and for Years to Come
With Classic year-end update availability discontinued by Microsoft Great Plains®, you can continue to purchase year-end tax updates from Custom Software Experts. Now more than ever, it is critical that you keep your RealWorld system up-to-date. Avoid potential reporting errors and support issues by ordering CSE’s tax update at each year-end.
|
- IRS & SSA Compliant
CSE certified tax updates always meet strict IRS and SSA specifications. These government specifications are outlined yearly and implemented by our staff to meet or exceed standards. Since 1985, CSE continues to provide quality year-end tax updates for both RealWorld Classic and Payroll For CounterPoint software products. Order your copy today!
|
2011 FUTA Update Release (Issued June 2011)
Effective July 1, 2011, the Federal Unemployment Tax Act (FUTA) rate will decrease from 6.2% to 6.0%. FUTA tax applies to the first $7,000 employers pay to each worker as wages during the year and is paid in conjunction with State unemployment tax. FUTA tax is generally paid on a quarterly basis by the Employer.
The 2011 FUTA Update was released to address the FUTA mid-year tax rate change. The FUTA Update allows the payroll software to distinguish between multiple FUTA rates within a year. This update, once applied, will correctly accumulate and report FUTA tax amounts due.
To address this FUTA rate change, your payroll system should be updated as follows:
1. Beginning 7/01/2011, change the Payroll Federal Tax Table, Field 26, “Federal unemployment %”, from .80 to the new rate of .60 (if you claim the maximum SUI credit).
2. Apply the 2011 FUTA UPDATE to your payroll system. This software correction will address all FUTA calculation and reporting functions within payroll.
CONTACT US TO ORDER THE 2011 FUTA UPDATE now available for RealWorld Classic, Payroll For CounterPoint, and PAS2000 software versions listed above.
For more information about this tax change, please refer to IRS Circular E, Publication 15, located at the following link:
http://www.irs.gov/pub/irs-pdf/p15.pdf
If You are Customized:
Customized Payroll users may require a special Year-End Update version. Custom Software Experts can help you with your unique, year-end needs. To avoid any loss of custom changes in your Payroll software module, please contact Custom Software Experts Inc. for assistance. We can provide you with a special Year-End Update to meet your specific needs while preserving your customized software system.
RealWorld State Magnetic Media Reporting:
If your state requires annual or quarterly payroll reporting which must be submitted electronically or on magnetic media, your RealWorld Payroll system has got you covered. However, you may not have the time to set up such reports within your RealWorld system. At Custom Software Experts, we have qualified personnel available to research and set up the magnetic state specifications you need in order to comply with your state’s reporting requirements. We can make your existing RealWorld system produce your annual and quarterly state reports for you. Contact Us for all of your state magnetic reporting needs. Let our experts get you set up and flying.
401(k) Catch Up Plan:
As a result of the Economic Growth and Tax Relief Reconciliation Act of 2001, the US government has implemented a "401(k) catch up" program offered to employees over 50 years of age, that are currently on a 401(k) plan through their employer. The 401(k) catch up amount of $1000 will increase by $1000 each year until the year 2007. It is an elective contribution and requires separate reporting to most 401(k) financial institutions. Backed by sound advise from Custom Software Experts, Microsoft Great Plains has implemented 401(k) catch up functionality as part of RealWorld Classic versions 9.1, 9.0 and 8.6. Now available from Custom Software Experts is the 401(k) Catch Up enhancement, designed specifically for prior RealWorld Classic versions to meet these requirements. Contact Us if you need to implement the 401(k) Catch Up Plan for your employees.
What Tax Form Layout Should You Order?
Supported W2 Form Layouts:
- W2 Single Wide-Continuous Feed
Prints 2 forms per page on a continuous feed printer.
- W2 Single Wide-Laser
Prints 2 forms per page on a laser printer.
- W2 4-Up Laser
Prints 4 forms per page on a laser printer.
(Note: Boxes 12a-12d are located along the right side of each form, directly under Box 9.
Trainor Forms users, order item # L4UP.
Deluxe Forms users, order item # 82646.
Rapid Forms users, order item # TF52055.
- W2 Double Wide-Continuous Feed
Prints 4 forms per page on a continuous feed, wide carriage printer.
(Note: Copy B, narrow side prints on left side of the form. To ensure compatibility, be sure to specify this when ordering.)
Trainor Forms users, order item # X3.
Deluxe Forms users, order item # 92613.
Rapid Forms users, order item # TF8888
See W2 Form Sample Layouts
Supported 1099 Form Layouts:
- 1099 MISC-Continuous Feed
Prints 2 forms per page on a continuous feed printer.
- 1099 MISC-Laser
Prints 2 forms per page on a laser printer.
Authorized Forms Distributors
Contact your authorized supplier or choose from the following authorized distributors to order compatible W2 & 1099 tax forms for your Payroll system:
- Trainor Business Forms & Printing
Phone orders call: 800-356-7925
- Deluxe Business Forms
Phone orders call: 800-328-0304 or 800-554-3676
- Rapid Forms
Phone orders call: 800-257-8354
Note: Tax form item numbers above are subject to change by their respective distributors.
Volume Discounts Available:
Volume discounts are available for resellers. Year-End source code availability to licensed resellers. For more information, contact Custom Software Experts Inc. today!
Please select from the following:
PLACE AN ORDER
CONTACT US
2012 Federal Tax Table Amounts
Troubleshooting Year-End Installation
File Your Magnetic W2 File Via The Internet
Great Plains and RealWorld are registered trademarks of their respective corporations.
2011 Year-End Updates offered by Custom Software Experts, Inc.
All rights reserved.
|
