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Payroll Services in Texas

Below is some useful payroll state tax information in Texas.

New hire /employee reporting requirements in the state of Texas

Within 20 days of employment, employers need to report new hire :

 

ENHR Operations Center
P.O. Box 149224
Austin, TX 78714-9224
Phone: 800-850-6442
Fax: 800-732-5015

State payroll tax information for employers in Texas

State unemployment insurance :  You can register for SUI tax payment via the Texas Workforce commission website here

https://apps.twc.state.tx.us/UITAXREG/security/logon.do

State unemployment insurance is between 0.59% to 8.21% for a wage base of $9,000.

 

Local taxes in Texas: There are no local taxes.

State Disability Insurance : There is no state disability insurance in Texas.

 

Federal payroll tax information for  employers in Texas

Federal Withholding Information

 

Social Security:
6.2% on all wages
12.4%  for self employed

Medicare basic hospital insurance
1.45% on all wages (employee & employer)

Additional 0.9% Medicare tax on wages in excess of $200,000.
2.9% on net earnings (self employed)

FUTA wage base and rates
Effective June 30, 2011, 6.0% less credit for contributions to state funds up to 5.4% on $7,000 (employer).

401(k)

Contribution limit is $18,500 for 2017, those age 50 and over can contribute up to $24,500.

Minimum Wage
Hourly minimum rate is $7.25 effective 7/24/09.

 

Other important resources

Below is a useful link from the Internal Revenue Services IRS.org website relating to employment taxes.

https://www.irs.gov/businesses/small-businesses-self-employed/employment-taxes

 

 

If you would like to sign up for payroll services, contact us via web form here : http://www.lonestarconsultinggroup.com/contact/