Tracta – Payroll software for family businesses with tax compliance and Roth IRA tracking

Summary: Tracta is payroll software designed for family businesses employing minors, automating tax-exempt payroll processing, documentation, and Roth IRA tracking. It ensures compliance with IRS rules for FICA and FUTA exemptions, simplifying record-keeping and audit readiness.

What it does

Tracta automates payroll for children employed by a sole proprietorship or single-member LLC, applying family employment tax exemptions automatically. It provides age-appropriate job suggestions, prefilled time entries based on labor laws, and organizes pay stubs, W-2s, and filings in a Tax Vault.

Who it's for

It is intended for self-employed parents who hire their minor children and need compliant payroll management that meets IRS requirements.

Why it matters

Tracta solves the complexity of legally reducing payroll taxes by managing proper documentation and exemptions that most payroll software does not support, preventing costly errors and audit risks.