Can you imagine calculating and preparing Payroll Tax Returns next year...

[PBS Poll-435]

If the stupid 2% cut to FICA/MI passes?


Talk about your nightmares!

[mzteris]

1. it's pretty much all computerized now . . . n/t

[PBS Poll-435]

2. Anyone who relies on computers in their prep for 941s/940/W2/SUTA/FUTA

Is just begging for trouble.

[Ruby the Liberal]

3. Bah. Companies like ADP and software providers who specialize in Payroll

do this coding for a living. Annually. When things change, they recode everything and if need be, calculate the backdated amounts due.

Not going to be a problem.

[PBS Poll-435]

5. My understanding of the proposal is that

Employer contribution rate for SS remains at 6.2% but the Employee contribution rate changes to 4.2%

Medicare stays the same.


The art of a properly filed PR tax return is the mirror image of Employer/Employee contributions plus the Federal Income Tax Witheld.



This might get confusing for small business tax preparers.

[Ruby the Liberal]

9. Thats why they rely on the software vendors who code this stuff for a living.

[PBS Poll-435]

10. Call me old fashioned, but I balance everything by hand

Before I ever put the data into a processing program.

I hate change! :P

[Ruby the Liberal]

11. I hear ya. Still, look into processing systems and get references (!)

I was in that industry for a while. They take it VERY seriously as a bad rep can kill the business in no time.

They can save you a mountain of time and worry - and will stand behind their calculations.

[HereSince1628]

4. Yeah, being unemployed, and also having no employees,

I don't see a problem for me at all.

[WCGreen]

6. As a small business accountant, not a problem....

[tosh]

7. Same here. Not a problem.

[TheCowsCameHome]

8. I'm sure it can be done.

Don't worry over nothing.

[DeadEyeDyck]

12. K&R