Basics Payroll 2012 User Reviews
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"Basics Payroll 2012 works as intended"
Version: Basics Payroll 2012 5.0
Pros
Basics Payroll has been in existance for several years and used by thousands.
Cons
Because the Basics Payroll interface is designed for flexibility, more complex entries may require some creativity to achieve the desired results.
Summary
From the developer of Basics Payroll:
We stand behind the integrity of our product. For any questions or issues regarding it's usage or functionallity, please feel free to contact us. In our view, the program works as intended. -
"Federal Tax does not use correct basis."
Version: Basics Payroll 2012 5.0
Pros
Snazzy interface, straightforward to understand.
Cons
CALCULATION IS INCORRECT for Federal Tax.
Summary
Federal taxes are based on the ADJUSTED GROSS income, and this program does not calculate this properly. Enter values for someone's pay, say $3000 biweekly and see what tax it calculates. Then, add a "non-taxable" pre-tax deduction of, say, 10% for a 401K contribution. This is supposed to reduce the Adjusted Gross, so less taxes are taken out. However, the calculation shows exactly the same amount of taxes to be taken out no matter if this person contributes to a 401K or not.
Yes, the Social Security and Medicare taxes ignore 401K contributions for the calculated amount, but Federal Tax does not.
No matter what I did, I could not get the values of this program to match up with my employer's pay statement to me. It was close on the SS and Medicare, but not even remotely close on Federal.
USE WITH EXTREME CAUTION.
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