2024 IRS Tax Forms 940, 943, 944 and 941 Filing Software Released by Real Business Solutions

Real Business Solutions (https://payroll.realtaxtools.com/), a nationwide provider of tax software solutions, has announced the release of its 2024 IRS tax forms filing engine for IRS tax forms 940, 943, 944, and 941. This latest version, included with 2024 Payroll Mate desktop payroll software, gives business owners and tax professionals the ability to easily populate and print-out these tax forms in-house. 

The 2024 IRS Tax Forms 940, 943, 944 and 941 filing modules from Real Business Solutions incorporate the latest IRS regulations and updates. The user-friendly interface and intuitive design make it easy for businesses, accountants and CPAs to navigate the year-end payroll tax filing process, reducing the risk of errors and minimizing the time spent on employment tax forms preparation. Form 940 has multiple changes for 2024 including increased credit reduction rates for California (0.9%), New York (0.9%), and U.S. Virgin Islands (4.2%), resulting in higher FUTA taxes for employers in these states. For forms 943 and 944, the Social Security wage base limit is $168,600 for 2024, with Social Security and Medicare tax rates remaining at 6.2% and 1.45% respectively for both employer and employee. COVID-19-related credits for qualified sick and family leave wages can no longer be claimed on form 944. 

Payroll Mate by Real Business Solutions is always one of the first payroll software products to implement tax updates and new IRS / state regulations. Year after year, thousands of businesses and accounting professionals trust Payroll Mate to do payroll and prepare employment tax forms. Business filers can try Payroll Mate risk-free by visiting https://payroll.realtaxtools.com/ .

Employers use Form 940 to report the annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. The due date for filing Form 940 for 2024 is January 31, 2025. However, employers who deposited all FUTA tax when it was due, the deadline is February 10, 2025. Payroll Mate by Real Business Solutions auto calculates FUTA tax and prepares form 940 at the end of the year. 

Payroll Mate by Real Business Solutions is a robust desktop payroll software solution tailored specifically for use by small and medium-sized businesses (SMBs). It handles the calculation of federal and state tax withholding on paychecks based on the pay period chosen which can be daily, weekly, biweekly, semimonthly, monthly quarterly and annual. It also has customizable income, tax and deduction categories which makes it highly suitable for different businesses. The software helps small businesses manage their payroll easily as they can export their payroll checks as journal entries to QuickBooks and other accounting products while providing support for vacation and sick pay accrual. It supports various payroll forms including mostly used 941, 940, 943, 944, W-2, W-3 and some state forms.

Regarding functionalities, Payroll Mate by Real Business Solutions pays both W2 employees and 1099 employees. The software has features that allow for additional income calculation depending on the mileage driven or piecework done. The software is able to print W-2/W-3 as well as the 1099-NEC / 1096 tax forms. It is able to print detailed reports such as payroll journals and tax liabilities. Payroll Mate generates ACH direct deposit files, supports fringe benefits, runs over a network, exports payroll reports to Excel/CSV/PDF and prints MICR checks on blank check stock. Give the payroll software from Realtaxtools.com a test drive and see for yourself how easy managing payroll can be. Visit 

https://www.realtaxtools.com/payrollsoftware/payroll_software.html .
 

About Real Business Solutions

Real Business Solutions is a software company specializing in payroll and tax preparation solutions for small to medium-size businesses, accountants, CPAs and payroll service providers. Founded in the early 2000s and headquartered in Orland Park, Illinois, the company has been providing comprehensive software products for over two decades. Their flagship products include Payroll Mate (complete and stand-alone payroll software), W2 Mate (W2 and 1099 printing and electronic filing software), 1095 Mate (ACA 1095 reporting and E-Filing software), and W2 Correction Mate (W-2C and W-3C printing and electronic filing software). To learn more about Real Business Solutions, visit https://www.realtaxtools.com/.

Media Contact

Organization: Real Business Solutions

Contact Person: Liz Past

Website: https://www.realtaxtools.com/

Email: Send Email

Contact Number: +18005071992

Address:18313 Distinctive Drive, Orland Park, IL USA 60467

City: Orland Park

State: IL

Country:United States

Release id:22142