| 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 Arkansas and federal payroll tax tables, click here. Turtle
Creek Software provides free annual updates for Goldenseal withholding formulas.
Arkansas has state income tax withholding, based on a "stepped" tax table similar
to the federal payroll withholding calculations. Tax formulas last changed in 1998 (they have only changed
once in the past 15 years).
Arkansas 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.
- Enter the number of federal dependents into the Federal Exemptions field.
- Enter the number of Arkansas dependents
into the State Exemptions field.
NOTE-- Each entered state exemption results in a tax credit
that is deducted from the annual gross tax.
Arkansas State Unemployment Tax Instructions
The Arkansas SUTA tax applies to the first $10,000 in annual wages for each employee (2005 limit).
The starting rate for new companies is currently 3.7%. After that, the rate can vary between 0.8% and 10.7%
depending on your company's past employment history.
To enter your Arkansas state 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 the Arkansas SUTA tax in
the list, and double-click on it. HINT: If you don't see Arkansas SUTA in
the list, you'll need to import your state's payroll info 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
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
Contacts
Payroll Tax Office-- 501 682-7290
Forms-- 501 682-7076
Worker's Comp-- 501 682-3102
Arkansas Department of Finance and Administration
PO Box 1272 Little Rock AR 72203
Official State Lawn Ornament
'Bill Clinton slept here' sign.
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