Minnesota income tax withholding, remittance, and reporting are mandatory accounting and payroll services for employers in the state. Put simply, when you cut your employee’s checks at the end of the pay period, you should be withholding the correct amount of tax in order to properly pay and report come tax season. Unfortunately, it’s not always as easy as it sounds.
Properly and efficiently withholding income tax often begins with a systemic change to payroll. This is the easiest way to update your current tax withholding and reporting system: You need a system to automatically calculate the amount of money withheld, deduct said funds, and store the data for quarterly and end-of-year reporting. AMS can help.
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Along with this foundational data management platform, Advanced Micro Solutions has the tax and wage software to bring your current processes up to speed. One of our best-selling products, AMS Payroll, is the precise solution to your withholding troubles. Read on to see how we can help. Additionally, for everything you need to know about Minnesota income tax withholding, the state has an answer: an informative and succinct instruction booklet with up-to-date tax tables. Still have questions about your Minnesota tax requirements? Let us know—we’ll do what we can to clear up the confusion.
The Best Product for Minnesota Income Tax Withholding Calculation
The easiest way to withhold Minnesota income tax is to combine the process with payroll. In doing this, you put all necessary processes and calculations into a single action: wage calculation, withholding calculation, printing, and data storage. This is the exact function of AMS Payroll ($129). More than a paycheck calculator, this software automatically calculates federal, state, and local payroll taxes and performs necessary wage calculations. You can electronically file 941, 944, and 940 forms, and the back-end data hosting feature allows Minnesota business owners and Human Resource professionals to store essential data—everything from employee information to previously-withheld income tax.
Additionally, AMS Payroll is convenient and customizable. We offer check printing support for over thirty types of checks, as well as direct deposit processing. You can export data to Tab—Delimited Tax Files and QuickBooks General Journal, ensuring ease and convenience. Users can create up to forty user-defined fields to allocate deductions/additions, such as 401K and health insurance, without a problem. If you have a problem related to payroll, this product is the solution.
The State Support You Deserve
In addition to providing Minnesota income tax withholding support, we also include a variety of state-specific form support. All are available on our Forms Filer Plus ($49), a simple but comprehensive software designed to aid electronic filing. Two are offered with AMS Payroll. See below for the exact breakdown.
Included on both AMS Payroll and our Forms Filer Plus—
- DEED-1; Unemployment Quarterly Tax Report
- JD1; Wage Listing
Included only on Forms Filer Plus—
- MW-1; Quarterly Withholding Tax Return
All business owners understand tax season stress, but few are subjected to the frustration associated with manual Minnesota income tax withholding. Let us help you and your business quickly and efficiently withholding the appropriate amount of funds. When it comes to taxes and wages, Advanced Micro Solutions has the answer.