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W-4 2020

  • 1.  W-4 2020

    SILVER CONTRIBUTOR
    Posted Aug 28, 2019 08:47 AM

    Does anyone know how GP is going to be handling the new W-4 form for 2020. Looks like they will be going away with the Allowances and calculating tax a  whole new way and didn't know how they are going to change and expecting that to be in place with the year end updates? They are telling us that we do not have to require new forms for the employees for the new year but the old ones are based on allowances/exemptions and the new form does not have them any more. So what happens in the system if they don't file out a new form? Any guidance or assistance would be much appreciated.

    #Payroll



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    Rachel Miller
    Payroll Clerk / Accounts Payables
    Siemer Milling Company
    Teutopolis IL
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    Conference-GPUG_200x200


  • 2.  RE: W-4 2020

    TOP CONTRIBUTOR
    Posted Aug 28, 2019 10:21 AM
    Hi @Rachel Miller,

    I recently did a user group webinar on this specific topic. In preparation, I reached @Terry Heley for some information on how Microsoft is going to handle this. At this point, they are evaluating the changes, but don't have a firm direction. They are planning to make changes to accommodate the new W-4.

    If you have 20 minutes, I would encourage you to review the PUG meeting recording:

    Integrity Data PUG - W-4 Changes

    Hope this helps!​​

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    Tom Franz, CPP
    (217) 689-4658 - tfranz@integrity-data.com
    Director of Client Services
    Integrity Data
    Lincoln IL
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    Conference-GPUG_200x200


  • 3.  RE: W-4 2020

    TOP CONTRIBUTOR
    Posted Sep 02, 2019 01:18 PM
    There has been talk about tinkering with the payroll tax in the news, so they will likely wait until later in the year to address this.  They always come out with a payroll tax upgrade each year.  Every year there are form changes.

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    Bruce Strom
    Programmer Analyst
    Associated Grocers of Florida / Supervalu
    Sunrise FL
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    Conference-GPUG_200x200


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