Withholding TaxWould you like to be able to calculate withholding taxes? Businesses need to be able to calculate and view the withholding rates of beneficial owners and partners for different income types.
Automate Withholding Tax Calculation
Calculate withholding rates against different payment types using our withholding engine. Utilizes the classifications and elections made on a W series form plus the US treaty information and returns a static list of withholding rates broken down by income type.
Integrate with W-8IMY allocation statement functionality
Enable calculation of withholding rates for beneficial owners and partners which can then be viewed in a graphical intermediary tree structure. Use the intermediary tree chart to view both blended and breakout rates.
Calculate rates at account level
View applied and state withholding rates for individual forms or all forms associated with an account. Currently our withholding engine has 28 income types however further income types and enhancements are on their way.