Vermont Payroll Instructions

To enter withholding information for an employee in your Goldenseal company file, follow these steps:

1. Choose Employees from the Accounts menu.
2. Locate the employee record.
3. Click the Payroll Setup button.
4. Enter the employee's marital status into the Marital Status field (see note below).
5. Enter the number of federal dependents into the Federal Exemptions field.
6. Enter the number of dependents into the State Exemptions field.
7. Enter the Vermont 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.
8. Click OK.

For new businesses, the Vermont State unemployment insurance rate is 1% for the first year, except for construction businesses (which pay a higher rate). The tax applies to the first $8,000 in wages for each employee (2008 cutoff amount). After the first year, the SUTA rate depends on the ratio of past payroll size and benefits paid out.

To enter your Vermont state SUTA tax rate into the Goldenseal payroll software, follow these steps:

1. Choose Payroll Setup from the Costs menu, and choose Tax Items from the submenu.
2. You'll see a list of Tax Items. Locate Vermont SUTA tax in the list, and double-click on it. HINT: If you don't see Vermont SUTA in the list, you'll need to import your state's payroll info first.
3. Click in the percentage field next to Calculation method, and enter the SUTA rate for your business.
4. If the cutoff amount has changed, enter it into the dollar field to the right of First Adjustment.

Use the following to determine the value for the Marital Status popup menu in each Employee account:

• Single- single employee with one personal exemption
• Married- married employee with two personal exemptions
• Dual Income- married employee with one personal exemption
• Head of House- employee claims Head of Family status
• Other- not used

Payroll Tax Office-- 802 828-2505
SUTA-- 802 828-4253

Vermont Dept of Taxes
109 State St.
Montpelier VT 05609-1401

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