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  • 1.  Do payroll yearends need to be run prior to installing tax update

    TOP CONTRIBUTOR
    Posted 21 days ago
    We ran the payroll tax update prior to running any of the payroll yearends.
    We see that the 2022 FICA limit now shows on the top of the Year end reports
    Is this an issue?

    Thank you

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    Mary Mallazzo
    Fromkin Brothers
    Edison NJ
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    Academy - Online Interactive Learning from Experts


  • 2.  RE: Do payroll yearends need to be run prior to installing tax update

    GOLD CONTRIBUTOR
    Posted 17 days ago
    Good morning Mary. That is a good question and one I just asked my partner. He made a very good point that the Social Security threshold had changed and we wanted to make sure the 2021 threshold reflected 2021 wages. Do not update taxes prior to running year end.

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    Denise McCaughan
    Administration Support Manager
    Southern Manatee Fire & Rescue District
    Bradenton FL
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    Academy - Online Interactive Learning from Experts


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