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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 South Carolina and federal payroll tax tables, click here.
South Carolina has state income tax withholding. The payroll tax tables did not change in 2005
(the last change to the tax formulas was in 2001, with 6 changes in the past 15 years).
HINT-- Turtle Creek Software provides free annual updates for
US federal and South Carolina tax withholding rates.
South Carolina State Withholding Instructions
To enter withholding information for one of your employees, follow these steps:
- Choose Employees from the Accounts menu.
- Use the browser control to see the employee record.
- Enter the employee's marital status into the Marital Status field (see note below).
- Choose a Tax Package for the employee (see note below).
- Enter the number of federal
dependents into the Federal Exemptions field.
- Enter the number of dependents into
the State Exemptions field.
If an employee uses the 'zero deduction' option for state withholding, assign the Zero Deduction tax package to
them in the Tax Package field of the Employee account. Otherwise use the standard state Tax Package. South
Carolina Unemployment Tax Instructions
In 2005 the South Carolina SUTA unemployment insurance tax is based on the first $7,000 in wages
for each employee. The new company rate is 2.7%. After the first year the rate is calculated based on the employer's
experience
factor-- rates range from 0.54% to 5.40%, with an additional .6% contingency charge.
To enter the South Carolina SUTA tax rate for your business, 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 South
Carolina SUTA tax in
the list, and double-click on it. HINT: If you don't see S Carolina SUTA in the list, you'll
need to import your state's payroll info first.
- Enter the percentage rate for your business 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 any of the following values into the Marital Status popup field 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-- 803 898-5000
Forms-- 803 737-5000
SUTA-- 803 737-2400
South Carolina Tax Commission
PO Box 125
Columbia SC 29214
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