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Use This IRS Circular E To Verify Sage 100 Payroll Taxes In 2016

December 30, 2015 by Wayne Schulz

After the last payroll of 2015 and before your first checks are issued in 2016 you should apply the latest Sage 100 payroll tax tables. The Q1 2016 tables are available for download to anyone with an active Sage Business Care subscription.

Best practices for payroll indicate that you should test some of the tax calculations from your first payroll run of 2016. In order to do this you will need the IRS Circular E – Employer Tax Tables – for 2016 which contain the rates and schedules necessary to manually compute withholding.

Verifying that the deductions are properly computing during the first check run of the new year can save you lots of time should there be an adjustment needed in order to fine tune the computations.

Review the 2016 Circular E Federal Employers’ Tax Guide

Sage 100 Payroll Alert: ACA Reporting Deadlines Extended For 2015

December 29, 2015 by Wayne Schulz

Versions 4.5 and higher of Sage 100 are fully capable of meeting ACA reporting requirements for 2015. These versions, which must also have the latest product update and IRD installed, will work in conjunction with the Aatrix tax filing services for producing fileable ACA reports.

News today from the IRS indicates that they’ve pushed back the filing deadlines for many of the ACA forms as outlined in the following notice:

IRS Notice 2016-4 today extended the deadline for most ACA filings for the 2015 information reporting requirements (both furnishing to individuals and filing with the Internal Revenue Service (Service)) for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 of the Internal Revenue Code (Code), and the information reporting requirements for applicable large employers under section 6056 of the Code.

Specifically, this notice extends the due date (1) for furnishing to individuals the 2015 Form 1095-B, Health Coverage, and the 2015 Form 1095-C, EmployerProvided Health Insurance Offer and Coverage, from February 1, 2016, to March 31, 2016, and (2) for filing with the Service the 2015 Form 1094-B, Transmittal of Health Coverage Information Returns, the 2015 Form 1095-B, Health Coverage, the 2015 Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from February 29, 2016, to May 31, 2016, if not filing electronically, and from March 31, 2016, to June 30, 2016 if filing electronically.

For more information on completing the ACA reporting within Sage 100, please review this webinar recording.

IRS Percent Method Withholding Tables for 2013 (Notice 1036)

January 1, 2013 by Wayne Schulz

As of January 1, 2013 the IRS have not yet released Publication 15 – Employer’s Tax Guide. This booklet typically includes the tax withholding rules as well as percent method withholding tables some use to update their computer withholding.

In the interim the IRS have released Notice 1036 which includes the social security limits and rate as well as percent method withholding that is presently in effect as of 1/1/13. Important: These rates may change as the government votes on pending tax legislation so be sure to check back with the IRS and update any rates as required.

IRS Notice 1036: Early Release Copies of Percent Tables for Income Tax Withholding for 2013 and IRS

IRS Frequently Downloaded Forms and Publications – 2013

January 1, 2013 by Wayne Schulz

With the government appearing to reach agreement on taxes for 2013 there should soon be an updated set of tax guides for use by employers in the new year. Publication 15 is the usual guide that companies use for their payroll withholding lookups and verification of employment rules throughout the year. Because of the uncertainty around the 2013 tax status many of these guides have not been updated (yet) for the coming year.

Check back at the link below as the updated tables should arrive soon in January 2013

IRS Frequently Downloaded Forms and Publications

Sage 100 ERP 2013 Payroll and Tax Form Printing Tip

December 31, 2012 by Wayne Schulz

Beginning with Sage 100 ERP 2013 (fka MAS90 or MAS200) printing for W2, 941 and 1099 tax forms is hidden with Sage suggesting that you use the eFiling which is included with Sage 100 ERP 2013.

If instead of using the included Aatrix Federal and State eFiling and Reporting (which BTW works very well and allows quite nice after-the-fact edits before printing forms) you wish to print the forms the “old fashioned” way from within Sage 100 ERP 2013 – you simply need to follow these instructions to unhide the tax form printing.

New installations of Sage 100 ERP will not have the 3 menu tasks listed. To enable these tasks, from the toolbar menu click File > Run and type the utility name *unhidetaxforms.

When these menu options are unhidden, these installations will get the same warning message to say that ‘starting in 2014…no longer supported’.

Note: After the 2013 Tax Filing Year, Sage will no longer be providing W-2, 1099 and 941 form changes in the standard Sage 100 product. You will be able to use eFiling and Reporting feature, which allows you to either print W-2, 1099 and 941 forms directly to your printer and/or eFile directly to applicable tax agency through Aatrix.

via: Sage 100 ERP – 2012 Year End Frequently Asked Questions

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