Manage State Tax Override By Taxable Entity

Use this screen if you have multiple taxable entities in your database.

The information in this table overrides the State Taxes table. If you have only one taxable entity, use the Manage State Taxes screen to set up state income tax withholding and SUTA accrual information.

You can use this screen to set up multiple state records for each taxable entity in your database. You can enter and store state tax identification numbers and unemployment rates for each state that belongs to each taxable entity. In addition, you can enter and store taxable entity-specific general ledger account numbers, reference codes, and SUTA unemployment rate percentages for each state. You can reduce data entry by using the Clone Record feature to copy similar records and updating only those fields that differ from record to record.

Set this screen up before running the first payroll in Costpoint. You can add to or modify this table at any time. However, because it contains control information that is used to calculate state income tax withholding and SUTA accruals, you must make additions or modifications before running the next payroll. Additions or modifications are necessary when the information in one or more of the tables becomes outdated.