Sage 100 Contractor Year End Planning (Continued)

Sage 100 Contractor Year End Planning (Continued)

Thank you to those who attended our webinar regarding the yearend closing changes in version 19. All attendees were provided a checklist to help with the tim-ing and planning of the yearend process, which is very different than in previous years.

Some things to know and update after Closing the Payroll for 2014

  • FICA base wage is now $118,500; be sure to up-date the Employer and Employee calcs
  • Check with your local State Unemployment offices for new base wag-es and rates
  • Simple IRA Maximum deduction increases to $12,500
  • 401K Maximum deduc-tion increases to $18,000 NOTE: No need to Reset 1099 balances as of S100C version 19 Not on S100C version 19 yet? Call to schedule your upgrade right away. Sage will only release 2015 tax tables in version 19.

posted by
Syscon Inc

MENU