Lewis Software News and Notes
The Federal Government has recently enacted a new legislation creating a Payroll Tax Holiday for tax year 2011. The payroll tax holiday is a special, one-year break for taxpayers created under The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Lewis Software will support this legislation with it's 941Express 2011 version 4.9.x which was released on 3/15/2011. This version supports all schema changes made by the IRS through March 2011.
The updated version of 941Express 2011 will add the following features:
- A New Printing Feature that is much improved and no longer relies on Adobe Reader and also allows for printing from different devices..
- Support for all TY2010 changes as defined by the IRS.
Existing Features of the Product are:
1. Will provide support for the Employer's Annual Federal Tax Return (Form 944) as specified by the IRS.
2. Will support the new Shared Secrets Account System that is being implemented for calendar year 2009.
3. Will support all changes for forms 940, 941 and 944 for the 2009 tax year.
4. Provides a new Summary of Acknowledgments for Direct File Reporting Agents.
5. Allows Reporting Agents to file direct to the IRS using Telnet/SSL via the Internet. No more HyperTerminal or dial up connections for sending your transmissions.
6. Fully supports the IRS Encryption effort by including the ability to transfer data directly to EMS utilizing Telnet/SSL technology.
7. 941Express 2009 allows for Advanced Reporting Agents to import all of their Company, and Return Information using our Excel Spreadsheet Template. No manual data entry necessary!
8. This system fully utilizes the new Employment Tax System supporting XML data formats.
9. An Improved Printing option which no longer needs Abode Reader to Operate.
10. You now have the ability to make tax payments with your returns, as long as the 941 or 944 payment is less than $2500.00 and the 940 payment is less than $500.00.
11. The software now allows for reading of XML Acknowledgment files as a feature of the product using Internet Explorer.
12. You can update your Print Templates with a touch of a button within this new product
13. 941Express now fully supports the Indirect filing for Reporting Agents and ERO's.
14. The 941Express Tutorial and Reporting Agent User Guide is now embedded within the Help System.
15. The 941Express product now supports 3rd Party Designee for 940, 941 and 944 e-filed returns.
16. Fully Supports the COBRA Tax credit as defined by the American Recovery and Reinvestment Act of 2009 including the updated 944 Form for TY2009.
17. Supports the Credit Reduction of the State of Michigan for TY2009 on the 940 form.
18. Fully supports the HIRE Act of 2010 and allow for the additional exemptions from Payroll Tax.
19. Supports the use of the Preparer Tax Identification Number (PTIN) for all registered user types.
Attention all Reporting Agents:
941Express 2011 Update which includes support for the Payroll Tax Holiday in TY2011. The installation will be handled the same. If you already have 941Express 2011, just install it in the same location which should be the default.
Attention all e-File Customers:
We are pleased to inform you that 941Express
can use the PIN number you previously received
through any other e-file provider to file
your business tax returns. This PIN number
is used by the IRS exclusively to identify
you when the return is filed. Just enter
your PIN into the Company Database and you
can proceed to complete your return. 941Express
provides an unprecedented ease of use while
filing your business tax returns. Please
review our Business E*File or Reporting Agents page and contact us if you have further
questions.
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