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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 New York state, New York City, Yonkers and federal payroll tax tables, click
here.
New York has state income tax withholding. The tax formulas changed in 2005 (and have changed in
15 of the past 15 years).
There is also separate tax withholding for residents of New York City
and Yonkers. All payroll withholding amounts are calculated from 'step' tables that are similar
to the federal tax tables.
NY Taxes include a state disability deduction (paid by employees). This deduction helps to cover
the employee disability insurance that employers are required to carry.
HINT-- Turtle Creek Software provides free annual updates for
US federal and New York State tax withholding rates.
New York 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).
- Choose the correct Tax Package (see note below).
- Enter the number of federal
dependents into the Federal Exemptions field.
- Enter the number of New York State dependents into
the State Exemptions field.
- Enter the number of Yonkers or New York City dependents into the Local Exemptions field (you'll need to scroll
down to see it).
Enter the correct tax package into the Tax Package field. Separate packages are used for residents of New York City
or Yonkers. If an employee resides in either, choose the appropriate Resident package; if an employee works in but
lives outside of either, choose the appropriate Non-resident package. New
York Unemployment Tax Instructions
New York state SUTA unemployment tax is based on the first $8,500 of wages for each employee.
The SUTA tax rate for new employers is 4.1% in 2005. After the first year the rate varies from 1.5% to 9.9%
for each employer, depending on past hiring and layoff history.
New York was a naughty "blue" state that still owes UI money to the feds, so NYS employers
must pay 1.1% for FUTA on their 2004 payroll rather than the usual .8% (based on the first $7000
of wages for each employee).
To enter your New York 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 New York 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 New York State payroll info first.
- Enter the percentage rate that you pay into the number 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 the marital status of each employee in the Marital Status popup field on their employee account
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
- Other- not used
Contacts
Payroll Tax Office-- 800 225-5829
Forms-- 800 462-8100
SUTA-- 518 457-5806
New York Dept of Tax & Finance
Taxpayer Assistance Bureau
W. A. Harriman Campus
Albany NY 12227
Website: www.tax.state.ny.us
Official State Lawn Ornament
Upstate-- broken washing machine.
Downstate-- skateboard.
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