Common Paymaster

Q:  When an employee works in two companies that have the same tax identification number, how do you set up those companies to share a common limit for taxation purposes?

 

A:  In Corporate Tax IDs, (P069081) you set up each company as part of a paymaster group for purposes of U.S. Federal tax limits.  This allows an employee to have wages in more than one company within the paymaster group, yet be subject to only one annual limitation for the purpose of calculating taxes.