Tuesday, January 3, 2017

Advanced Accounting 2017 payroll updates

In late November of 2016 we posted some initial information about upcoming 2017 payroll changes and new due dates for federal W-2 filings.  On the last day of the year, we published more information on our "year end" page including federal tax tables with new and updated screen shots, and our annual printable PDF outlining the most important changes that need to be made.

Since then we have added either updated tax tables and/or new required program logic for 15 states that have made state income withholding changes as of January 1. 

Here is the link to the year end page:

http://www.addsuminc.com/advyearend.html

Some of the states with rather significant changes include Maine, Minnestoa, South Carolina (the first time in 25 years that South Carolina has made any changes), and  Rhode lsland.


States with tax table or other changes as of January 1, 2017:

California (all of the various tax codes require updating)

Indiana

Kentucky

Maine

Maryland

Minnesota

Missouri 

Nebraska

New York

North Dakota

Oklahoma

Oregon 

Rhode Island

South Carolina

Vermont

There will no doubt be a few more to follow.

Advanced Accounting has user-maintainable payroll tax codes allowing users to make changes themselves for many of these states (as well as federally).   However, some states have had standard deduction changes or they use an approach to withholding calculation that does not follow the norm and that therefore requires program modifications whenever that state makes to its withholding formulas (examples would be Oregon and Indiana).

Advanced Accounting 7i users with employees in Indiana, Kentucky, Maryland, Missouri, Oregon or South Carolina will need the 2017 payroll update (which assumes that the prior 2015/2016 update has also been previously installed) going forward into 2017.   

Users in other states may will want to obtain the payroll update to avoid their having to update federal tables and any tables updating relating to their state.