Real Business Solutions has announced the launch of its 2024 IRS tax forms filing engine, a significant update designed to simplify the process of completing and printing IRS tax forms 940, 943, 944, and 941. This innovation is part of the company's 2024 Payroll Mate desktop payroll software, offering a streamlined solution for businesses and tax professionals to manage their year-end payroll tax obligations effectively.
The software incorporates the latest IRS regulations, including changes such as increased credit reduction rates for California, New York, and the U.S. Virgin Islands, and a raised Social Security wage base limit to $168,600 for 2024. These updates ensure compliance with current tax laws, addressing the needs of employers facing the January 31, 2025, filing deadline or the extended February 10, 2025, deadline for those who deposited all FUTA tax when due.
One of the standout features of the 2024 IRS Tax Forms filing modules is its user-friendly interface, designed to minimize errors and reduce the time required for employment tax form preparation. The software's auto-calculate FUTA tax feature and its ability to prepare Form 940 at year-end are particularly beneficial for employers.
Payroll Mate, Real Business Solutions' flagship product, is tailored for small and medium-sized businesses, offering a comprehensive suite of payroll management tools. It supports federal and state tax withholding calculations, customizable income, tax, and deduction categories, and is compatible with QuickBooks and other accounting products for exporting payroll checks as journal entries.
Beyond basic payroll processing, Payroll Mate supports W2 employees and 1099 contractors, additional income calculations, and the printing of W-2/W-3 and 1099-NEC/1096 tax forms. It also generates ACH direct deposit files, supports fringe benefits, and allows for network operation, catering to a wide range of business needs.
For those interested in exploring the software's capabilities, Real Business Solutions offers a risk-free trial of Payroll Mate through their website at https://payroll.realtaxtools.com/. This initiative provides potential users with the opportunity to evaluate the software's features and determine its suitability for their specific requirements.
The introduction of the 2024 IRS tax forms filing engine by Real Business Solutions marks a pivotal advancement for businesses grappling with the complexities of payroll tax obligations. By delivering an updated, intuitive solution that aligns with the latest tax regulations, the software aims to alleviate the administrative burden on businesses and enhance the accuracy of tax reporting. In an era of constantly evolving payroll and tax regulations, tools like Payroll Mate are indispensable for ensuring compliance and operational efficiency in financial management.
