and enter the applicable information.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.
Enter a code in this user-defined field to uniquely identify this locality code. In the field to the right, enter a description of the purpose of this code.
Enter, or click 
to select, the state in which the locality is located.
Use this drop-down list to select whether the tax is paid by the Employee or the Employer.
Select the tax type code for the record from this drop-down list. Valid options are:
City Income Tax
City Income Tax (Residence only)
County Income Tax
Family Leave Insurance
School District Income Tax
State Disability Insurance
Supplemental Workforce Fund
Unemployment/Health Care
Workforce Dev Partnership Fund
Other Income Tax
Costpoint uses the value you enter here to report the locality type when creating State Magnetic Media year-end tax files.
If the locality is used to track county tax for the state of Indiana, enter the county code in this field. If the locality is used to track school district tax for the state of Ohio, enter the four-digit school district code in this field. If the State is PA and the locality code represents a Mifflin County tax, this field must be populated with the appropriate community code (community codes can be found in CTS specifications). If the State is PA and the locality code represents an Erie tax, this field must be populated with the appropriate community code (community codes can be found in CTS specifications).
Enter the code for the Ohio local tax.
Enter, or click to select, the General Ledger account number used to record the locality income tax withheld from employees' paychecks for this locality. The description of the general ledger account displays to the right.
Enter, or click to select, the accrual account for the employer tax. This field is disabled if you select Employee in the Tax Paid By drop-down list.
Enter, or click to select, the expense account for the employer tax. This field is disabled if you select Employee in the Tax Paid By drop-down list.
If the locality is used to track New Jersey State Disability, select whether the plan is a state plan or a private plan. The options in this group box become available when the State is NJ. Valid options are:
Select this option if the locality is used to track New Jersey State Disability and the plan is a state plan.
Select this option if the locality is used to track New Jersey State Disability and you have a private disability plan approved by the New Jersey Department of Labor.
Select this option if the locality is not used to track New Jersey State Disability.
Use this group box to designate the type of Family Leave Insurance (state or private) being tracked by the Costpoint Locality Code. Valid options are:
Select this option if the family leave insurance being tracked by this Costpoint Local Tax Code is provided by the state.
Select this option if the family leave insurance being tracked by this Costpoint Local Tax Code is provided by an agency other than the state
This option defaults automatically if you select a Tax Type other than Family Leave Insurance.
Use this group box to specify whether the locality is used to track New York City or Yonkers local tax. Valid options are:
Select this option if the locality is used to track New York City local tax. If selected, this is used by the Create W-2 Table application to calculate the amount of local taxes to be reported in Local wages, tips, etc.
Select this option if the locality is used to track Yonkers, NY local tax. If selected, this is used by the Create W-2 Table application to calculate the amount of local taxes to be reported in Local wages, tips, etc.
Select this option if the locality is not used to track New York City or Yonkers, NY local tax.
Use this group box to specify the Tax Collection Agency for Ohio localities.
Select this option if the Ohio locality uses Regional Income Tax Agency (R.I.T.A.).
Select this option if the Ohio locality uses Central Collection Agency (C.C.A.).
Select this option if the locality does not use R.I.T.A. or C.C.A.
If you are using the Ceridian Tax Services (CTS) interface to report tax information, enter the four-digit CTS Local Code that corresponds to the local tax. Assignment of a CTS Local Tax Code will trigger the Create CTS Tax File utility to include the tax information in the tax file that is created. This field is enabled only if you are licensed for the CTS interface. If a CTS Local Code has already been assigned to a contribution code on the Manage Deductions screen, it cannot be assigned to a Costpoint Local Tax code.
If you are using the CTS interface to report tax information and the locality is used to track a supplemental tax, enter the four-digit CTS Local Code that corresponds to the supplemental tax. This field is enabled only if you are licensed for the CTS interface.
Enter the tax code which identifies the local tax in your payroll tax service system. This value is included when you export the locality’s tax amounts to the Payroll Tax Service provider.
Enter, or click 
to select, the date on which this rate becomes effective. Pay periods having a pay cycle end date the same as, or later than, the Effective Date use the related tax table rates.
From the drop-down list, select the basis for computing local tax. Valid options are:
Gross pay - Select this option if the locality tax table is computed based on gross pay.
Federal taxes - Select this option if the locality tax table is computed on employee's Federal Tax withheld.
State tax withheld - Select this option if the locality tax table is computed based on state tax withheld.
YTD Tax - Select this option if the locality tax table is based on year-to-date tax. (This method could be used for state disability insurance.)
SUTA Wages - Select this option if the locality tax table is based on state unemployment wages.
Enter the locality tax withholding percentage that is used for supplemental earnings (bonus paychecks).
If the Tax Based On is State tax withheld, enter, or click to select, the related state.
If this locality allows a credit against the locality withholding tax liability based upon state taxes withheld, enter the maximum amount (the limit) of the credit here.
From the drop-down list, select the tax frequency. Valid options are:
One Time Annually
Pay Period
Enter the locality exemption allowance (used as a deduction from income) for married filing status. The locality exemption allowance is used in the computation of the amount of locality income tax withheld from each employee paycheck.
Enter the locality exemption allowance (used as a deduction from income) for single filing status. The locality exemption allowance is used in the computation of the amount of locality income tax withheld from each employee paycheck.
Enter the locality exemption allowance (used as a deduction from income) other filing status. The locality exemption allowance is used in the computation of the amount of locality income tax withheld from each employee paycheck.
If the locality allows a credit (reduction in the tax) based upon the number of credits claimed, enter the credit amount here.
If the locality allows a credit (reduction in the tax) based upon the number of dependents, enter the credit amount here.
Enter the rate to be multiplied against the calculated local tax withholding amount to derive the final withholding tax amount. This field is enabled only if the State is New York (NY) and New York W-2 Reporting option is set to Yonkers.
If there is a maximum amount of local tax withholding that can be withheld per weekly pay period, enter the amount here.
If there is a maximum amount of local tax withholding that can be withheld per bi-weekly pay period, enter the amount here.
If there is a maximum amount of local tax withholding that can be withheld per semi-monthly pay period, enter the amount here.
If there is a maximum amount of local tax withholding that can be withheld per monthly pay period, enter the amount here.
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Tax ID/Reference Numbers/Vendor Information |
Click this link to open the Tax ID/Reference Numbers/Vendor Information subtask for the current record. |