If you are confused about the latest Tax Code updates and Tax Table updates to Microsoft Dynamics GP, you’re not alone. After applying a service pack (which is what the TAX CODE is), you may be instructed to go to the Tools>Setup>System>Payroll Tax window to check to see if your code is correct.
Category Archive: GP Payroll and HR
Jan
26
Microsoft Dynamics GP US Payroll Version 10 Releases Service Pack for FICA changes and Tax Updates
Microsoft has released the US English 10 FICA changes and round 2 tax update as of 1/25/2011. This release is for GP V10 only! Versions 9.0 and GP 2010 are expected to follow yet this week.  There are 2 files needed for this update. One is to update the Dynamics code, and the other is to update …
Jan
18
Looking for the Adjusted Hire Date Field in SmartList for Microsoft Dynamics GP
If you have ever found yourself scratching your head over what the column name for the “Adjusted Hire Date” field is named within Microsoft Dynamics GP Payroll’s SmartList area, it is simply the “Ben Adj Date”. And now you know!
Jan
18
Overpaid an Employee in Microsoft Dynamics GP
The sinking feeling… you forgot to turn off a pay code for a salaried employee, and now they have just notified you that they received twice their salary in their last direct deposit. They were overpaid! The one thing that you would like to do, you CANNOT… and that is to create a reversing or …
Jan
18
Adjusting the print on W-2s or 1099s
The act of printing W-2s and 1099s is quite an accomplishment. Finding that you are just “a little off” when the item actually prints to paper can be a little deflating, but not to fear. It is not impossible to correctly align things! This is where Horizontal and Vertical Adjustments come into play. When you print …
Jan
17
Confused about the Microsoft Dynamics GP Payroll tax updates?
LOTS of changes over the last few weeks; FICA, HIRE Act, Advanced EIC, AccuWage…where to begin? Well, here’s a summary for you: Round 1 of the US Payroll tax tables will REDUCE the FICA SS withholding from 6.2% to 4.2% for BOTH the employee and the employer. Make sure you adjust your 941 deposit accordingly! …
Jan
13
Update tax table for Illinois State Income Tax rate change!
Once signed, this tax hike will be retroactive as of January 1, 2011! Not sure how quickly Microsoft will be able to get yet another tax table update out. In the meantime, for Microsoft Dynamics GP users, you can easily edit the state withholding tax table manually. It is a flat tax rate and you …
Jan
11
Having trouble printing HIRE Act wages on the W-2 and W-3 forms?
We have had several support cases indicating the HIRE Act wages that have been reported on the 941 are NOT printing on the W-2 and W-3. Wierd as it sounds, if you have UNMARKED the checkbox for HIRE Act wage eligibility on the employee’s tax maintenance window, the wages will not print on the W-2 …
Jan
05
Accuwage 2010 Not Updated for HIRE Act Exempt Wages and Tips
Many Microsoft Dynamics GP users use Accuwage to test their electronic W-2 file. Â Unfortunately, Accuwage has NOT updated their software to include HIRE Act Exempt Wages and Tips. Please be aware that the file will not pass the Accuwage testing. Below is an excerpt from the SSA web site: Please be aware that the HIRE …
Dec
23
FICA SS Withholding Information for Dynamics GP
As many of you know as of January 1, 2011 all employees should have a FICA SS withheld of 4.2 percent (used to be 6.2). The employer still has to pay the 6.2 percent. Unfortunately, Microsoft Dynamics GP will store one rate at this time for employee and employer, thus the calculated 941 deposit and …