There is some very important information included in this email, as it relates to Microsoft Dynamics Payroll.
If you have any questions about this email, please don’t hesitate to contact us as support@summitgroupsoftware.com.  Have a fun and safe 4th of July!
FUTA CHANGES
Did you know that the FUTA rate changes effective July 1, 2011 (that’s TODAY!)? The gross FUTA rate is now 6.0% (down from 6.2%).
Please update your FED unemployment tax rate in Microsoft Dynamics GP. This is not a code change or a tax table change, it is a change that needs to be manually made by you in Microsoft Dynamics GP. From within GP go to Tools | Setup | Payroll | Unemployment. Select the FED code and change your rate. If your current rate reads 6.2% change it to 6.0%. If you are reporting the net rate of .8% then change that to .6%. DO NOT CHANGE YOUR FUTA RATE UNTIL YOU HAVE POSTED YOUR FUTA LIABILITIES FOR JANUARY 2011 THROUGH JUNE 2011. IF YOU HAVE POSTED THOSE LIABILITIES THEN YOU CAN CHANGE THE RATE.
TAX TABLE UPDATE – GP10 and GP2010 Only
In addition, there have been some tax table changes released. Please continue to read below:
The Microsoft Dynamics Round 6 US payroll tax update has been released. The tax table update affects for North Dakota and Connecticut.  (If you have employees paid in the state of Connecticut, you need to install the tax update and the code update…major changes in their tax structure…read the instructions if you are in Connecticut carefully, please. Go to the appendix, there is a very detailed explanation of the tax change for Connecticut and how to calculate it. This would be effective  8/1, and need to be done on each workstation where GP is installed.)Â
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To install the tax table update, navigate to Microsoft Dynamics GP | Maintenance | Payroll Tax Updates | . After the tax table is updated, you can verify the tax date from the following location: Tools | Setup | System | Payroll Tax Date will be 7/15/2011. This only has to be done on one computer.
CODE UPDATE – Install service pack (if needed) GP10 and GP2010 Only
Changes around this update for payroll/human resource
Payroll Class ID Roll downs – not working after applying round 4 tax update
2010 Multi build causes all employees to get checks and DD information is lost in certain cases.
Deductions missing from calculation based of Tax settings after you apply the round 4 tax update
Other module fixes include: Field Service, Inventory, Manufacturing, Project Accounting, Purchasing
Once you install the update code, your versions will be GP 10  KB2552042 June hot fix 10.0.1757    GP 2010 KB2552044 June hot fix   11.0.1799. This code is all inclusive of prior patches/ service packs/tax updates.Â
If you  choose to install the code update it will need to be done on the server and each computer where Microsoft Dynamics GP is installed. Currently, we do not have the full list of changes for this code update. If you are experiencing one of the issues below and you want to install the code part of the update, please let us know. We can assist if needed.
Links to install:
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We  will send out a follow up message once we know what else is included in the code update.
Please let us know if you have any questions or need any assistance. As always, please us at support@summitgroupsoftware.com      Â
Thank you.
