[Date Prev] | [Thread Prev] | [Thread Next] | [Date Next] -- [Date Index] | [Thread Index] | [List Home]
Subject: Re: [tax] FW: standard format for payroll tax tables
Talking about a couple different things, really. Let's talk about typical individual income taxes. Check out pages 62- 74 (http://www.irs.gov/pub/irs-pdf/i1040.pdf) - the guides to the amount of taxes that should be paid based on certain taxable incomes when filing individual tax returns. Similar tables used in many states, such as my home, NY (see pages 75-90 of http://www.tax.state.ny.us/pdf/2003/inc/it201i_2003.pdf. Publication 505, Tax Withholding and Estimated Tax, is also an interesting read. Based on employee declarations about marital status and number of dependents/exemptions, the employer pulls out money from the salary in advance of the end of the year. There are tables and or formulas used for this as well. The employee, when filling out his or her individual tax return, then substracts the amount already withheld, any other amounts, such as amounts paid as estimates of taxes to be due, to come up with the balance due. There are sales tax tables, e.g. http://www.tax.state.va.us/web_pdfs/busForms/st_table_5percent.pdf also, and others using the same concept. Can't speak much to the update mechanism - they announce the new tables, software developers work like made to get them into their software. Here is ATO spin on same topic: http://www.ato.gov.au/print.asp?doc=/content/33589.htm <eccn /> Andy Greener <firstname.lastname@example.org> 10/18/2004 04:44 PM To "Sylvia Webb" <email@example.com> cc <firstname.lastname@example.org> Subject Re: [tax] FW: standard format for payroll tax tables It would be really helpful if someone from the US could explain what these tax tables are exactly, and what the update mechanism is. Thanks! Andy At 11:44 am -0700 18/10/04, Sylvia Webb wrote: FYI, Sylvia Webb From: Tigers Mailing List [mailto:email@example.com] On Behalf Of Jonathan Lyon Sent: Monday, October 18, 2004 11:13 AM To: TIGERS Subject: standard format for payroll tax tables Interested, anyone? Jonathan Lyon FTA _________ Tracy, A standard format for payroll tax tables really would be useful. I imagine this principally would require an agreement among the federal, state, local tax entities and payroll software vendors. While HR-XML would not take on this type of payroll tax table project, it might possibly be of interest to the TIGERS group within ASC X12. This is a group that does have representation from federal and some state taxing authorities as well as major payroll vendors. I've copied the chair of the TIGERS workgroup who might be able to tell you if a project of this type has been discussed. Best Regards, Chuck Allen Director, HR-XML Consortium, Inc. From: Paul Kiel [mailto:firstname.lastname@example.org] Sent: Monday, October 18, 2004 10:14 AM To: 'Tracy Williams' Cc: email@example.com; Chuck Allen - hrxml Subject: RE: HR-XML Quick Question (payroll) Hi Tracy, Apologies for the delayed reply - I was in Chicago at our latest meeting most of last week. While there have been several attempts to address more of the payroll transactions that are of interest to members (i.e. general ledger has been brought up numerouos times), there is no current payroll related activity within the Consortium right now. Having said this, we are member driven, so if you were to join the Consortium and find like minded folks with an interest in standardizing specific transactions, we would certainly welcome new activity. I'll also pass on your question to our payroll email list to share with them. Cheers, Paul Kiel W. Paul Kiel HR-XML Consortium 919-846-0224 firstname.lastname@example.org -----Original Message----- From: Tracy Williams [mailto:email@example.com] Sent: Monday, October 11, 2004 5:53 PM To: firstname.lastname@example.org Subject: HR-XML Quick Question Are there any plans in the works for an HR-XML schema for payroll tax table updates that need to be updated within each payroll system from federal/state/local entities to employers? That would be very helpful information if this is being planned or is in the works. Thank you for any information you can provide! Tracy Williams, M.A. Human Resource Product Manager Datatel, Inc. How higher education does business. Voice: 703.227.1141 Fax: 703.968.4573 E-mail: email@example.com -- Andy Greener Mob: +44 7836 331933 GID Ltd, Reading, UK Tel: +44 118 956 1248 firstname.lastname@example.org Fax: +44 118 958 9005 _________________________________________________________________ The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.