KTL SOLUTIONS

Upcoming Payroll Tax Updates for GP 2010 and GP 2013

Share this post

U.S. Payroll year-end , scheduled to release  11/16 –  10, GP 2010(includes SP3), and GP 2013

Fixed Assets Changes (see slides for detail)

Payables 1099 change (see slides for detail)

Payroll EFW2 Electronic filing changes (magnetic media)

Payroll Compliance quality issues fixed

Payroll country code changes (South Sudan, Curacao, Timor-Leste)

Payroll code changes to comply with 2013 Tax Update – New Medicare Taxes on High Earners for 2013

NO W2 nor W3 form changes

Round 1 U.S Payroll Tax Update for 2013 reporting year, due to release end of December 2012

FICA SS limit increased to $113,700 (formerly $110,100)

FICA SS rate for employee back to 6.2 (formally 4.2) as it stands today.

2013 Tax Update – New Medicare Taxes on High Earners for 2013

States – California, Kansas, Kentucky, Maine, Maryland, North Dakota

Circular E is not final yet.

Canadian Payroll  year-end and 2013 Tax Update , scheduled to release  mid – December  –  10, GP 2010(includes SP3), and GP 2013 (French & English)

Changes still pending review

T4127 draft is out and we are reviewing changes

T4127 Payroll Deductions Formulas for Computer Programs – Effective January 1, 2013

Follow KTL Solutions on Twitter: @KTLSolutionsInc and @DynamicsToday

Like us on Facebook at the KTL Solutions Facebook Page.

Related Posts

Checking Your CMMC Progress

Written by Alec Toloczko With Cybersecurity Maturity Model Certification (CMMC) requirements on the horizon, it’s crucial for organizations handling Controlled Unclassified Information (CUI) to adhere

Read More »