January
16

IRS Payroll Tax Tables – Publication 15 (Circular E) for 2011

Posted By: Wayne Schulz    



IRS Circular E Publication 15 Tax Table Guide 2011.jpg

We recommend that the IRS tax tables for 2011 be used on your first payroll run of the new year to manually verify that the tax tables you’ve uploaded to your computer system match with the official tables issued by the IRS.

Small discrepancies of a few centers are typical. If you’re seeing discrepancies of several dollars then you should check to be sure you have the proper Sage ERP MAS 90 or 200 tax tables installed .

We recommend that even after installing the Sage ERP MAS 90 or 200 tax table updates that you also go into the Circular E for 2011 and manually compute several (or all) tax withholdings for each of your employees.

Issues around incorrect tax tables are significantly easier to correct during the first payroll of the new year than if they’re discovered at year end and retroactive fixes need to be made.

When in doubt – be sure you consult with your tax progressional about proper tax treatment of both employee wages and any deductions which you are creating or continuing to use. The tax law changes frequently and it’s better to set these deductions up properly from the start than to notify employees midway through the 2011 tax year that there’s a change to their payroll withholding.

You can download the IRS tax tables from the IRS Site — http://www.irs.gov. Always check to be sure you are using the most current rates and that pending changes are included in any guides that you are using for reference. Pay attention to effective dates since some late changes may allow for adoption during the current year so long as you make adjustments. Consult your tax professional for advise on tax matters.

IRS Circular E – Publication 11 – 2011

© 2011, Wayne Schulz. All rights reserved. Sage 50, Sage 100, Sage 300 and Sage 500 are registered trademarks of Sage. Have additional unanswered questions about MAS90? You may contact Schulz Consulting here.

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Related posts you might want to review:

  1. IRS Releases Tax Tables for 2010 – Circular E (Publication 15)
  2. Publication 15-T tax tables for 02-2009 released by IRS [preliminary]
  3. MAS90 and MAS200 Payroll Tax Withholding Tables Updated 12/23/09
  4. MAS90 tax tables updated – 9/24/09
  5. MAS 90 Tax Tables Updates for Q2 2009 Changes (3/27/09)

About

This entry was written by a Sr Consultant who has worked with Sage 100 ERP ( Formerly Sage MAS 90 and MAS 200) since 1986. He provides technical support to companies located throughout the United States on all versions of Sage 100 ERP Contact Wayne via our info request page.The views expressed on this site are solely those of the author and do not reflect the opinion or position of any other person or company. We are NOT in the business of providing tax, accounting or audit advice and you are advised to consult with your tax professional in such matters and not to rely on any information here as authoritative tax, technology or accounting advice. Information is subject to change without notice. Google+

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