Company Tax Group Setup

 

Window Details

 

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Set Up Taxes to Create A/P Invoices

Overview

 

 

 

Fields      

 

Navigation

Select Payroll Setup menu > Company Tax Group Setup.

Overview

Use Company Tax Group Setup to maintain the following information for the tax groups included in the tax database.

  • General ledger account numbers for tax groups
  • Tax ID numbers for state and local tax groups
  • Employer-specific tax rates and their effective dates

  • Vendor number and invoice prefix, available if the Integrate with Accounts Payable check box is selected in Payroll Options.

Tax rates are maintained in this task only if they are employer-specific; therefore, they are not maintained in the tax database.

The Additional tab is available if the selected tax group has taxes that fall into the Other Tax category.

Any tax that is not included in one of the following reporting groups is included in the Other Tax category:

  • Withholding
  • Medicare
  • Social Security
  • Unemployment
  • Disability
  • School Tax

Examples in the Other Taxes category include the Oregon transit tax and the New Jersey family leave tax.

The Tax Rates tab is available only if the selected tax group includes a tax with an employer-specific rate.

Click Copy From to copy general ledger account information and tax rates from another tax group.

 

Fields

 

Tax Group Description
   

1. Main

 

Tax ID No.

Unemployment Tax ID No.

Round Withholding Tax Amount

Tax

G/L Account No.

G/L Account Description

   

2. Additional

 

Tax

G/L Account Number

G/L Account Description

   

3. Tax Rates

 

Tax

Effective Date

Rate

No Wage Cap

Alternate Wage Cap