Setting Up Corporate Tax IDs

Enter a code that identifies a specific organization, fund, or other reporting entity. The company code must already exist in the Company Constants table (F0010) and must identify a reporting entity that has a complete balance sheet. At this level, you can have intercompany transactions.

Note: You can use company 00000 for default values such as dates and automatic accounting instructions. You cannot use company 00000 for transaction entries.

Enter a value that specifies the tax area in which an employee works. If you are using JD Edwards EnterpriseOne Time Accounting without either the JD Edwards EnterpriseOne Payroll or JD Edwards EnterpriseOne Human Resources systems, the system does not calculate taxes. However, you must enter a value in this field before you can exit the form. You use the Tax Area Information program (P069012) to set up tax areas.

Enter a code from UDC 07/TX that specifies the type of payroll tax being processed. To set up state minimum wage amounts, you must enter MW in this field. To do so, you must first add MW to UDC 07/TX. However, you should not change the codes and definitions that are provided with the software.

For the U.S., if you have a line for tax type H (state unemployment), you must have a line for tax type Z (weeks worked) with the same tax ID.

For U.S. federal taxes, enter a single line for all federal taxes using tax type A.

Enter a value that specifies whether the company is part of a paymaster group for purposes of FICA calculation. Values are:

Y: Company is part of a paymaster group. This value enables 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.

N: Company is not part of a paymaster group. This is the default value.

A Y in this field must be accompanied by a code in the PM GR (paymaster group) field.

Enter a code that identifies in which paymaster group the company resides. This code enables the JD Edwards EnterpriseOne Payroll system to group multiple companies together to check for limitations on unemployment and FICA taxes.

If you specify a common paymaster, you must specify a paymaster group code.

Complete the C P and PM GR fields if you have more than one company that you include under the same federal tax ID.

Enter a number that identifies your company to the tax authority. This number can include the tax ID number for an individual, a federal or state corporate tax ID, a sales tax number, and so on.

This number has specifically been established for the JD Edwards EnterpriseOne Payroll system to handle the requirements of taxing authorities that require more than nine positions for the tax identification number.

Do not enter hyphens (dashes), slashes, spaces, or other punctuation in the tax identification number.

Enter the address book number of the parent company. The system uses this number to associate a particular address with a parent company or location. Any value that you enter in this field updates the Address Organization Structure Master table (F0150) for the blank structure type. This address number must exist in the Address Book Master table (F0101) for validation purposes.

Examples of address book records that have a parent number include:

Subsidiaries with parent companies.

Branches with a home office.

Job sites with a general contractor.

For payroll year-end reporting, to report multiple companies with the same tax ID under one parent company, enter the address number for the parent (reporting) company for all child companies as well as for the parent company.