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NOTE:
The Payroll Tax information
and Form W2 Information
documents listed in this site are available as
Adobe Acrobat documents on
our "Year-End Downloads" page in the event
that you wish to save or print this information.
The following is information regarding payroll tax rates for
2008.
There are changes in the payroll tax rates and wage limits for the
Federal and California tax tables. These changes are effective
January 1st, 2008.
Click on the
Federal Tax Changes link to access the Federal tax
rate changes or the
California Tax Changes
link to access the California
tax rate changes.
These changes should be made
AFTER the final payroll of 2007 has been run,
AFTER the "Save Year-end Info and Reset" program has been run,
but BEFORE the first payroll run of 2008 is
begun.
Do NOT change your tax tables
with year-2008 rates until you have completed the "Save Year- end Info and
Reset" for 2007: the system saves some of the 2007 tax rate
information along with the 2007 employee data for later use by the W2
programs.
** If you change your tax tables before you run
the "Save Info and Reset" option, you will save year-2008 tax rates with
year-2007 employee data and your W2 forms won't print the
correct amounts.
Use the "State/Federal Tax Tables" option in your
Payroll system to make the table changes. (Note: on some systems, the option is called
"Tax Parameter File Maintenance".)
[Federal Tax Changes]
[California Tax Changes]
[Year-End Procedures]
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