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Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2008 Payroll Tax Table Updates
New & Used
Swiss Army Knives
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South Dakota has no state income tax, and no payroll
tax withholding. However, employers still need
to withhold federal tax, Medicare and social
security, and pay several employer taxes (including
Medicare, social security, SUTA and FUTA).
HINT-- Turtle Creek Software provides free annual updates for
US federal and South Dakota tax withholding
rates.
| South Dakota
State Withholding Instructions |
To enter withholding information for an employee
in your Goldenseal company file, follow these steps:
- Choose Employees from the Accounts
menu.
- Locate the employee record.
- Click the Payroll Setup button.
- Enter the employee's marital status
into the Marital Status field.
- Enter the number of federal dependents
into the Federal Exemptions field.
- Enter the South Dakota Tax Package
into
the Tax
Package
field. HINT--
If you
don't
see it
in the
list,
you'll
need
to import the
tax info first.
- Click OK.
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| South Dakota
State Unemployment Tax Instructions |
In 2008 the South Dakota SUTA tax applies to
the first $9,000 in annual
wages for each employee.
The starting SUTA tax
rate is 6.7% for construction
businesses, and 1.9% for other businesses in 2005.
That decreases to 3.7%
or 1.7% in the second
and third years, if your
company pays more in taxes than are taken out in unemployment
claims. After that, rates
can vary between 0% and
7.7% depending on the
funds ratio.
NOTE-- The SUTA tax for South Dakota actually
consists of two parts--
Unemployment Insurance
(UI) and Investment Fee
(IF). However these amounts
are combined for tax
reporting, so we combine
them into one tax item.
To enter the South Dakota SUTA tax rate
for your company, follow these steps:
- Choose
Payroll Setup from
the Costs menu, and
choose Tax Items
from the submenu.
- You'll
see a list of Tax
Items. Find the South
Dakota SUTA tax item
in the list, and
double-click on it. HINT:
If you don't see
S Dakota SUTA in
the list, you'll
need to import your
state's payroll info
before you begin.
- Enter
the percentage rate
for your business
into the field to
the right of Calculation
method.
- If
the state SUTA cutoff
amount has changed,
enter it into the
field to the right
of First Adjustment.
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| South
Dakota
Marital Status |
Use the following to determine the value for
the Marital Status popup menu in each Employee account:
- Single- single employee
with one personal exemption (S table)
- Married- married employee
with two personal exemptions (M table)
- Dual Income- married employee
with one personal exemption (S table)
- Head of House- employee
claims Head of Family status
- Other- not used
An additional deduction of Annual Federal
tax withheld is already factored into the Alabama state
withholding calculation.
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| South
Dakota
Tax Contacts |
Payroll Tax Office-- 605 773-3311
SUTA-- 605 773-3101
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| Official
State Lawn Ornament |
Pink plastic buffalo.
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