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Calculating Payroll Taxes? There's an Intuitive App for That.

Those in Texas who are responsible for withholding taxes from a payroll check need to be accurate for two reasons. The first, is so that the employee is paid everything which is his or her due. The second is so that the employer can pay the amount withheld to the proper taxing authority. And now it seems there is an app for that.

Smart phone programs, called applications or apps, can be fun or silly games like Angry Birds or can be highly useful tools. A new app seems to fall into the latter category. An app called Snap Payroll was recently released by Intuit. It is designed to help small-business owners calculate the correct amount of an employee payroll check after federal or state taxes and including overtime hours.

The smart phone app ranks five out of five stars among early reviewers. Intuit is the same company which makes Turbo Tax. This particular app is designed for the iPhone, and it is free. There was no word on whether or not the app would be released for the Android or other similar phones. Currently the calculations are installed for a number of different states, one of which is Texas.

The news report did not mention which payroll deductions would be calculated, but because this is Texas, one could assume that it would include just the federal income tax, Social Security and Medicare deductions.

Many small businesses use spread sheets or computer software to calculate payroll tax deductions. The Snap Payroll application could be useful for those who might be working on location, such as a construction site, or in a small business such as a retail store which may only have a part-time bookkeeper.

Those employers who are in doubt regarding what they need to withhold and when they need to submit reporting forms and payments to federal authorities, would be wise to consult with a legal tax professional. Failure to pay on time can result in penalties and interest.

Source: Los Angeles Times, "Snap Payroll app helps small businesses calculate employee pay," Salvador Rodriguez, July 18, 2012

Our law firm assists clients with all Texas tax law matters, including payroll tax issues similar to those in this post.

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