Yes, the best payroll software can automatically calculate your business’s taxes. There are more than a few moving parts when you first learn about payroll management and how to handle your employees’ payroll taxes. Save time by investing in payroll software that can handle both FICA and self-employment taxes. The Internal Revenue Service expects most employers to calculate and withhold payroll taxes from the gross taxable wages of their employees.
We automatically calculate federal, state, and local payroll taxes for small businesses with our AMS Payroll software. Download our free 1099-etc Demo software today to review our system that features regularly updated state and federal tax tables.