PERIODIC TAX DATA

Use this screen to manually enter specific state and local tax data for submission to CTS.  After you create a Periodic or Quarterly tax file, the Create CTS Tax File application reads the appropriate table to determine whether data is assigned to a particular CTS Client ID for the period or quarter being reported and, if so, includes that data in the file.

CTS Client ID

Use this field to view the CTS Client ID to which the periodic tax data applies.  This field is populated with the CTS Client ID from the main screen upon initialization of the subtask.  

Periodic Tax Data Table

Effective Date

Required.  Specify the date to which the periodic tax data applies.  

This date, along with the CTS Client ID, is used to trigger the creation of Third-Party Sick Pay and/or Nebraska Advantage Wage Credit records in the Periodic CTS Tax File.  If the date falls within the Periodic Paycheck Date Range specified in the Create CTS Tax File screen and the tax amount specified in the record is not equal to zero, that tax amount is reported for the CTS Client ID.  

The effective date must be unique within the Periodic Tax Data table.

Third-Party Sick Pay FICA Tax

You can use this column to enter the amount of FICA Taxes on Third-Party Sick Pay for the row's CTS Client ID and Effective Date.   Third-Party Sick Pay FICA Tax is reported in the Federal 240 record.

Only positive amounts may be entered in this column.  If this value is greater than zero, the amount shall be reported in the Federal 240 record of the Periodic and Quarterly tax files created by the Create CTS Tax File application.  If no value is entered, the field will default to 0.00 upon saving the record.

Nebraska Advantage Wage Credit

Enter the Nebraska Advantage Wage Credit amount for the row's CTS Client ID and Effective Date.

Only negative amounts may be entered in this column.  If less than zero, the amount is reported in the State 030 record of the Periodic and Quarterly tax files created by the Create CTS Tax File application.  If no value is entered, the field is populated by default with 0.00 when you save the record.