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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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Tennessee 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 Tennessee tax withholding rates.
| Tennessee
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 Tenessee
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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| Tennessee
State Unemployment Tax Instructions |
In 2008 the Tennessee SUTA tax is calculated
on the first $7,000 of
wages for each employee.
The starting rate for
a new business is 2.7%,
except for those in construction
or mining, which are
charged a higher rate.
After three years the
unemployment insurance
tax rate is calculated
from the employer's payroll
history and unemployment claims (2007 rates were
from 0.3% to 10%).
To enter your Tennessee SUTA rate into
the Goldenseal payroll software, 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. Double-click
on the Tennessee
SUTA tax. HINT:
If you don't see
Tennessee SUTA in
the list, you'll
need to import your
state's payroll info
first.
- Enter
the current rate
for your business
into the field next
to Calculation method.
- If
the cutoff amount
has changed, enter
it into the dollar
field next to First
Adjustment.
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| Tennessee
Marital Status |
Use the following to determine the value for
the Marital Status popup menu in each Employee account:
- Single- single employee
- Married- married employee
- Dual Income- not used
- 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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| Little
Known Tenessee Tax Fact |
The Tennessee state tax on
double-letter combinations
was repealed in 1997.
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| Tennessee
Tax Contacts |
Payroll Tax Office-- 615 253-0600
SUTA-- 615 253--2486
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| Official
State Lawn Ornament |
TVA Dam
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