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For more about Goldenseal payroll accounting software, click here.
For more about US Federal withholding in the Goldenseal payroll software, click here.
To download free updates for Missouri and federal payroll tax tables, click here.
Missouri has state income tax withholding, with rates calculated from four tax tables that are
similar to the federal withholding tax tables for the "formula method".
Withholding tax rate formulas did not change in 2005
(they have changed in 12 of the past 15 years).
HINT-- Turtle Creek Software provides free annual updates for
US federal and Missouri tax withholding rates.
Missouri State Withholding Instructions
To enter withholding information for an employee, follow these steps:
- Choose Employees from the Accounts menu.
- Locate the employee record.
- Enter the employee's marital status into the Marital Status field (see note below).
- Enter the number of federal
dependents into the Federal Exemptions field.
- Enter the number of Missouri dependents into
the State Exemptions field.
Missouri Unemployment Tax Instructions
Missouri state unemployment tax applies to the first $11,000 of wages for each employee (2005 cutoff).
The 2005 starting tax rate is 3.938% for construction businesses, and 3.51% for most other types of business.
After the first year, the tax rate depends on your company's experience rating.
To enter your Missouri SUTA tax 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. Locate Missouri SUTA tax in
the list, and double-click on it. HINT: If you don't see SUTA in the list, you'll need
to import the Missouri payroll tax tables first.
- Enter the percentage rate that you pay into the percentage field to the right of Calculation
method.
- If the cutoff amount has changed, enter it into the dollar field to the right of First Adjustment.
Marital Status
Enter one of the following choices into the Marital Status field in each employee record:
- 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 (see note below)
- Other- not used
If your employee files Head of Household with 5 or more exemptions, take the total number of exemptions,
subtract 4, and multiply by $1200. Enter this amount in the “State Withhold” field in the Employee’s
Account, and add a third adjustment to the employee’s
tax table, option “State Dollar Amount.”.
Contacts
Payroll Tax Office-- 314 751-5752
Forms-- 800 877-6881
Forms by Fax-- 314 751-4800
Missouri Department of Revenue
PO
Box 3022
Jefferson City MO 65105-3022
Website-- www.dor.state.mo.us/tax/business/withhold
Official State Lawn Ornament
Pink plastic Gateway Arch (or a pair of them for McDonald's fans).
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