Manage Local Taxes

Use this screen to enter general information relating to each of the localities for which the employer withholds Income Taxes.

Included is the locality withholding General Ledger account, as well as information relating to the method by which locality taxes are withheld. Also included is the Tax Rate to be used for Income Tax Withholding for Supplemental (Bonus) wages.

Set up this screen when initializing Costpoint, and modify it any time the locality tax information changes. To modify information for a payroll year that already exists, highlight the applicable field and enter the new data. To add information for a payroll year that does not exist, click and enter the applicable information.

Note: For Costpoint users with Maryland employees, if you run the Update State Filing Status toolkit, the process adds a new line on the Local Tax History (LOCAL_TAX_HS) table to zero out Maryland local taxes.