BSI Payroll Tax Solutions Quickly Updated for Extended Payroll Tax Cut

Norcross, Georgia (PRWEB) December 30, 2011

Business Software, Inc. (BSI?), a leading provider of comprehensive payroll tax calculation and compliance solutions, announced today that it quickly modified its payroll tax calculation software when Congress extended the reduced Employee Social Security Tax Rate through February 2012.

The two-month extension of the payroll tax cut was signed by the President on Friday, December 23, and updates were made available to BSI customers for implementation immediately after the holidays on Tuesday, December 27, for both BSI TaxFactory? SaaS (on-demand) and BSI TaxFactory (on-premise) versions.

?We closely monitored the Congressional vote and remained on alert to implement the changes once the Temporary Payroll Tax Cut Continuation Act of 2011 was passed by Congress and signed by the President,? said Russell Rindik, BSI Vice President of Operations. ?This is important to our customers, and we wanted to make the update available as soon as possible.?

Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011, according to the IRS. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, continuing the reduction of their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid through Feb. 29, 2012. This reduced Social Security withholding will have no effect on employees? future Social Security benefits.

Employers should implement the new payroll tax rate as soon as possible in 2012 but no later than Jan. 31, 2012, according to the IRS. For any Social Security tax over-withheld during January, BSI TaxFactory?s self-adjusting feature will automatically make the appropriate adjustments, relieving employers of having to make any manual adjustments in workers? pay.

About BSI TaxFactory

BSI TaxFactory automates payroll tax calculations for the most complex payrolls and helps any size company meet ever-changing regulatory requirements. Save time and improve productivity through BSI TaxFactory?s scalable, innovative technology that integrates with internal Payroll and Deferred Income systems and quickly processes a high payroll volume. Increase accuracy with comprehensive coverage for Federal, State, local and territory tax jurisdictions. BSI TaxFactory is available on-premise or on-demand (SaaS).

About BSI

For more than 32 years, BSI has provided industry-leading payroll tax calculation and compliance solutions that help businesses meet ever-changing tax regulations and compliance standards while improving payroll efficiency and reducing costs. Starting with BSI-TAX in 1979, BSI solutions have offered innovative, scalable technology; seamless integration; and comprehensive U.S. payroll tax coverage to payroll vendors, service bureaus and individual organizations. BSI remains focused on adapting to changing customer needs, recently introducing SaaS versions of BSI TaxFactory and BSI ComplianceFactory? so customers have a choice of on-premise, on-demand (SaaS), or a combination of both. BSI solutions fit any size or type of company in any industry.

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Halfpricesoft.com Updated EzPaycheck Payroll Software With New 940 Form

Los Angeles, NY (PRWEB) January 04, 2012

Payroll tax software developer Halfpricesoft.com (http://www.halfpricesoft.com) released the new ezPaycheck software with the updates on Form 940 for employer?s 2011 annual federal unemployment (FUTA) tax return. This new edition also includes the new 2012 tax federal tax tables, state tax tables, new W2 and W3 forms.

This updated version is free for current 2012 ezPaycheck payroll software users. New customers considering ezPaycheck 2012 can download and sample the payroll software without charge or obligation for up to 30 days. The free download, which is available at http://www.halfpricesoft.com/payroll_software_download.asp, includes a sample database, to make it easier for customers to test drive all the features of ezPaycheck 2012 before purchasing a license key.

?We update our ezPaycheck payroll software throughout the year to provide more value to our customers,? said Halfpricesoft.com founder Dr. Ge. ?All updates include the latest forms and tax data as supplied by the federal government.?

ezPaycheck payroll system is loaded with intelligent, intuitive features, but not burdened by complicated suites of expensive applications small businesses will never use or need. The main features include:

Up to date tax tables for all 50 U.S. states, Washington D.C. and federal taxes
Capability for adding local tax rates
Automatically calculate tips, commissions, federal withholding tax, Social Security, Medicare tax, employer unemployment taxes, and other pre-tax and post-tax deductions
Print paychecks using a standard laser printer on blank computer checks or preprinted checks
Use check-in-middle, check-on-top, or check-at-bottom check stock formats
Able to print MICR numbers on blank check stock to save on pre-printed checks
Print signature image on checks for a customized look
Built-in report functions users can customize
Calculate and print daily, weekly, biweekly, semimonthly and monthly payroll periods
Option for masking employees' Social Security Numbers on check stubs
Compile and print federal tax forms w2, w3, 940 and 941
Unlimited free technical support

Available for just $ 89 per year ($ 59 to renew), ezPaycheck payroll software has remained at that affordable price since its initial release in 2005. It gives small and mid-size businesses more options and flexibility in doing payroll, printing check and filing tax return.

In tough economic times, how to increase business productivity is critical for any company. Computerized payroll is quick and painless with ezPaycheck payroll software.

To start the free test-drive, visit http://www.halfpricesoft.com/index.asp

About Halfpricesoft.com and EzPaycheck Payroll Software

EzPaycheck is developed and distributed by Halfpricesoft.com, a Louisville, Ky.-based firm committed to creating affordable and easy-to-use financial software for small businesses. Additional small-business payroll software titles available from Halfpricesoft.com include w2 1099 software, check printing software, employee time tracking software and barcode printing software.

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Related Tax Calculator Press Releases

?The Complete Guide to Starting a Record Company? Gets a Third Edition ? Revised and Updated

Los Angeles, California (PRWEB) January 27, 2012

Music industry veteran, Keith Holzman?s 2004 book about breaking into the label game, ?The Complete Guide to Starting a Record Company?, is now being released in a revised and updated Third Edition, with up-to-date information on social media, digital distribution, and artist contracts.

The demand for this definitive guide is due in part to its use as a text for business of music courses at colleges and universities, including UCLA Extension, where Holzman frequently taught a course on the Independent Record Label. It?s also been a valuable text at Full Sail University, Austin Community College, and the State University of New York, among others. ?It?s amazing how many musicians and entrepreneurs are launching their own labels,? says Holzman. ?Too many, however, will find themselves in financial hot water if they don?t plan sufficiently ahead.? The book stresses sound marketing and financial strategy that helps its readers avoid many common mistakes.

This indispensable text for musicians and entrepreneurs who want to start and manage their own independent record labels takes readers by the hand and guides them through the many steps involved in building a record company. It includes numerous checklists, charts, diagrams and forms, along with ?clickable? URLs for more than 100 resources.

The 239-page book is available exclusively on the web and can be ordered from http://www.RecordCompanyStartup.com as a downloadable eBook (in Adobe Acrobat? PDF format) at a special re-introduction price of $ 19.95. The PDF is readable on most platforms, including iPad.

Keith is the principal of Solutions Unlimited, a management consultant specializing in the recording industry. He?s a trusted advisor and troubleshooter, skilled in providing solutions tailored to his clients? specific requirements. A seasoned record industry executive with more than four decades of experience in all aspects of running a label, he was President of ROM Records, Managing Director of Discovery Records, Senior Vice President of Elektra Records, and Director of Nonesuch Records. He is a professional member of the Institute of Management Consultants.

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