Microsoft has released the payroll tax update for calendar year 2015 that contains tax table changes announced after the “Payroll Tax Updates and Changes July 2014” was published.
You can download and import the modified tax tables or manually update your tax tables and deductions using the instructions included in each section listed under “Revisions Covered in this Document.” Also note the effective dates included in this section.
Besides the revisions listed below, the tax updates file includes all other current state and federal tables. Depending on your release of Microsoft Dynamics SL, you may be prompted to select the tables you want to import. You can import federal and state tables individually, depending on your specific needs.
Deductions must be attached to a work location and earnings type to calculate.
Revisions Covered:
- Federal – Effective January 1, 2015
- California- Effective January 1, 2015
- Kansas – Effective January 1, 2015
- Maine – Effective January 1, 2015
- Minnesota – Effective January 1, 2015
- Oregon – Effective January 1, 2015
- Arkansas – Effective January 1, 2015
- Connecticut – Effective January 1, 2015
- Kentucky – Effective January 1, 2015
- Massachusetts – Effective January 1, 2015
- New York – Effective January 1, 2015
Important Notices
- The tax updates file, starting with the January 2013 tax updates, includes the Deduction Types (02.710.00) and the Payroll Tables (02.720.00) reports, generated from the Microsoft Dynamics SL demo database after the tax updates have been imported.
- Compare the 02710.pdf and 02720.pdf report files to your Deduction Types (02.710.00) and Payroll Tables (02.720.00)reports to ensure your deductions and payroll tax tables are setup properly.
- It is not always possible to precisely duplicate a state tax formula. Therefore, calculated tax results should be regarded as estimates only. We strongly recommend that you review all calculations and changes to insure accuracy.
Download Links
The payroll tax update may be downloaded from Microsoft Customer Source (login required) using the following link.
