Products

Vertex® Payroll Tax L Series™

Keeping track of the changes in tax rates and calculation methods can be a never-ending task.

That's where a comprehensive system like Vertex Payroll Tax L Series begins to pay for itself from the day you install it.

Vertex Payroll Tax L Series calculates federal, state, Canadian, Puerto Rico, U.S. territories and local withholding taxes, as well as unemployment and disability insurance contributions, using up-to-the-minute data compiled by Vertex. It also calculates railroad, retirement and miscellaneous taxes, and covers over 5,000 local requirements.  

And, no matter how your business is automated, there's a version of Vertex Payroll Tax L Series that works the way you work. The system is designed to adapt to PCs, mainframes and mid-range computers, and to interface transparently with your current payroll software.

Vertex Data
With Vertex Payroll Tax L Series, you get the security of industry-leading research from Vertex. You get automatic monthly updates, on your choice of either CD ROM or electronic download. And because the rate files are independent of the calculation module, there's no need to recompile the main program. 

Vertex Calculation
If your company has a special need, Vertex Payroll Tax L Series is up to the challenge. The system is designed to give you maximum flexibility, with minimum maintenance.

Personal exemptions can be accommodated as percentages, dollar amounts or a combination of both. Additional tax withholding can be stated in dollar amounts for all taxing jurisdictions where additional withholding is permitted.

And where the normal method of tax calculation is inappropriate, Vertex Payroll Tax L Series processes overrides using either dollar or percentage amounts. Plus, the system is available in a Canadian version.

Formal Reciprocal Agreements: A unique feature
Vertex Payroll Tax L Series is the only system of its kind to recognize all formal reciprocal agreements among states and calculates state income tax in accordance with those agreements.

And where voluntary withholding for an employee's resident state is requested, the system calculates state income tax for both the work state and the resident state, passing the total state income tax of the work state and the difference between the resident state and the work state income taxes back to your payroll system.

Vertex Payroll Tax L Series features:

Taxes covered:

• Federal withholding
• State withholding
• All state reciprocals
• County and city withholding for over 3,500 localities (including reciprocals)
• FICA (employer and employee)
• Federal unemployment (employer)
• State unemployment (employer and employee)
• State disability (employer and employee)

Withholding methods:

• Annualized gross
• Cumulative
• Supplemental pay (see details below)
• Supplemental withholding types:
  • Flat percent
  • Concurrent aggregation
  • Separate aggregation
  • Aggregation with pay periods

Additional features:

• Calculation of tax on 401(k) and cafeteria plans (section 125)
• Advanced Earned Income Credit calculation
• Additional withholding tax amounts allowed
• Percentage or dollar override capabilities for special situations
• Personal exemptions stated in numbers of exemptions, dollar amounts, or both
• Vacation advances
• Resident and non-resident status supported
• Replacement CD-ROM containing all tax rates supplied whenever changes occur -- no need to recompile calculation program for routine rate changes
• Automatic GeoCode location code assignment

Vertex GeoCoder™
Vertex Payroll Tax L Series incorporates the unique Vertex GeoCoder system for precise tax rate look up. GeoCodes eliminate the problem of ZIP codes that change overnight, or unmatching ZIP codes and county boundaries, by pre-assigning permanent codes to employee payroll files, or to personnel and other records. Because the GeoCode Master File is maintained by Vertex, it's always up to date.

Large-system power, small system convenience
Vertex Payroll Tax L Series is available in COBOL, including update programs, tax calculation programs, and load and print programs in your choice of either CD ROM or electronic download.

Vertex Support
W hen your company depends on a software system, you need to know the answer to "what happens if - " before you even get started. With Vertex, the answer is simple. We're there. One toll-free phone call away. The only thing you stand to lose with Vertex is a familiar throbbing in your temples every pay period.

The Bottom Line? Only one system gives you so much

• Subscription priced per state
• Monthly updates
• No user tax-rate changes required
• Local taxes recognized
• All state reciprocals recognized
• All local reciprocals recognized
• Multi-state SUI
• Multi-state SIT
• Railroad Retirement
• Advanced gross-up search algorithm
• Date-sensitive tax calculation
• Before/after calculation reporting
• GeoCode location coding

To learn more about all Vertex tax solutions, submit a Product Inquiry Form.