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Welcome
to Midrange Software Inc.'s e-Newsletter
FOR
THE MONTH OF:
April 2003
ITPayS
Simplifies Tax Management and Deductions with In-House Control
ITPayS
in-house payroll system provides you with accurate, efficient and
flexible payroll systems to meet complex tax issues, deductions
and tax reporting that every company faces today. Whether you are
managing payroll for a small, medium or large organization, ITPayS
robust and cost effective payroll system is the solution for companies
of any size.
Tax
Management
ITPayS
simplifies your payroll management for multi-state employees, multi-location
organizations and multi-company enterprises. The system's flexibility
and intelligent processing help you to manage tax issues across
all 50 states, Canada and Mexico. All tax codes and currencies for
those locations are included in ITPayS.
In addition, ITPayS
is flexible enough to accommodate multi-country tax rules and laws.
These are simple to setup and maintain and therefore empower users
with the flexibility to process payroll for employees in other countries
and easily manage "ex-pats".
All federal,
state, region, city, local and user-defined tax withholdings are
administered in ITPayS
to ensure payroll accuracy. Flexible rules simplify state laws,
regional requirement and even multi-layer unique local requirements.
ITPayS'
robust tax rules save you time and money by reducing errors and
protecting companies from fines.
Download
Tax Tables
For your convenience, up-to-date tax tables are downloadable from
Midrange Software's support site and imported into ITPayS
without data entry. Customers are automatically notified of changes
and updates that are available through Midrange Software's unparalleled
customer support team.
ITPayS'
tax table management and accurate withholdings reduce errors, cut
administrative time,
simplify reporting and improve employee relations.
| Tax
Tables
- Federal/Country
- State
- Region
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Payroll
Deductions
ITPayS
empowers you to simplify deduction scheduling, exception management,
sequencing and skip periods.
At your disposal
are the following deduction elements and scheduling options to facilitate
payroll processing.
| Setup
Deduction Elements
- Minimum
earnings
- Pre-tax
or post-tax withholding
- Maximum
deductions
- Percentages
- Fixed
amounts and scheduling
- Mass
updates
- Automatic
expiration dates
- Future
dates
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Deduction
Scheduling Options
- Every
payroll run
- The
end of every month
- The
middle of every month
- On
any dates
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Deduction
Type
Any deduction type can be setup in ITPayS.
For example, employees can have multiple garnishments for different
payment agencies on different schedules. A savings plan can be setup
to pull a fixed amount or percentage three times per year. Benefit
plans like health and dental benefits are drawn by fixed amounts,
or complex factoring based age, hours and wages are simple using ITPayS.
Define
Deduction Rules
Each deduction can have unique rules and multiple variations can
be setup for different employees, classifications, groups, locations,
companies and more. Setup different plans for union employee, exempt
staff, part-timers, piece-making and tipped employees.
Deductions
can be turned on and off without deleting setup, plans or data.
Skip periods can be scheduled in advance. Resequencing is simple
and rollover is automated for periods with no work hours or unmet
minimum-earnings requirements.
Unlimited
Payment Agencies
As funds are deducted from employee paychecks, ITPayS
consolidates them by payment agency. You can issue a single check
to a State Disbursement Unity (SDU) with detailed reporting of all
included employees and amounts. Reconciliation is simplified since
you can quickly see balances due, payment detail, checks that have
been issued and complete history. Electronic payments can be issued
to save time.
ITPayS
accommodates unlimited payment agencies, so no outside systems or
spreadsheets are needed. You can enable or disable agency deductions
without deleting records and re-entering data. Dual entry is eliminated
and the administrative burden is relieved using ITPayS.
| Payment
Agencies Include:
- Child
support
- Taxes
- Alimony
- Special
Accounts
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- Liens
- User-defined
- Garnishments
- Charitable
Donations
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