2011 Payroll System Helps Businesses Meet January 31 Deadline for Updating Withholding Calculations.

Jan. 13, 2011 - PRLog -- Real Business Solutions, Inc., a leading provider of payroll processing software reminds businesses of January 31, 2011deadline for implementing the 4.2% employee Social Security tax rate and the 2011 Federal withholding tables. Through Payroll Mate, the payroll system offered by the company, small businesses and accountants can comply with IRS rules for withholding and wage reporting. Visit http://www.realtaxtools.com/ to learn about Payroll Mate and for FREE payroll system demo.

“Payroll Mate is one of the very first payroll software applications to support the new 2011 withholding tables. Payroll Mate makes doing payroll easy, smooth, predictable, and of course affordable through a set powerful and flexible payroll management capabilities that allow small businesses to operate smarter and save money.” Says Payroll Mate product manager Nancy Walters.Please go to http://www.realtaxtools.com/payrollsoftware/payroll_software.html to learn more about Payroll Mate payroll system.

Per IRS regulations, employers should implement the 4.2% employee social security tax rate as soon as possible, but not later than January 31, 2011. After implementing the new 4.2% rate, employers should make an offsetting adjustment in a subsequent pay period to correct any over-withholding of social security tax as soon as possible, but not later than March 31, 2011.

Payroll Mate is comprehensive payroll software that fits the needs of accountants and small to medium size businesses. Payroll Mate automatically calculates net pay, federal tax withholding, Social Security tax, Medicare tax, and calculates user defined state and local taxes. Payroll Mate also supports different types of pay periods, prints payroll checks and prepares payroll forms.

A FREE Payroll Software trial can be downloaded from the company’s website by visiting http://www.realtaxtools.com/ .

Payroll Mate 2011 software highlights:
- Automatically calculates 2011 federal payroll tax and 2011 state payroll tax withholding.
- Exports Payroll Data to Intuit’s QuickBooks accounting software (Visit http://www.realtaxtools.com/QuickBooks-Payroll-Software.html to learn more.).
- Exports Payroll checks to Intuit’s Quicken and other accounting software like Microsoft Office accounting.
- Supports the following federal payroll forms: form 941, form 940, form 944, form W-2 and form W-3.
- Supports California DE 9 , DE 9C, Texas C-3 , Texas C-4, New York NYS-45, IL 941 and IL UI-3/40.
- Supports different types of pay periods such as weekly, bi-weekly, monthly and so on.
- Supports unlimited customizable income, tax and deductions categories.
- Supports income per mile and per piece.
- Supports fringe benefits.
- Generates comprehensive and customizable payroll reports.
- Handles payroll deductions.
- Exports payroll reports to Excel, CSV and PDF.
- Prints on Laser and Inkjet checks.
- Prints on preprinted red-ink W2 forms and W3 forms.
- Free updates during the tax year.
- One step backup and restore.
- Runs over a network.
- Supports payroll direct deposit.
- Ability to print MICR checks on blank check stock.

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Real Business Solutions is an industry leader in providing payroll software, 1099 filing software and W2 tax software solutions. Through the company's website, http://www.PayrollMate.com, small businesses and accounting professionals can find and download software to manage payroll, report payroll taxes, print W2 Forms, eFile 1099s, electronically file W2 forms, print payroll forms like California DE 9, California DE 9C, NYS-45 and print laser checks.