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Evo-ERP and DBA Classic >> Payroll >> New Withholding Tables Already Available
http://www.istechforum.com/YaBB.pl?num=1054222417

Message started by jgh1204 on 05/29/03 at 09:33:37

Title: New Withholding Tables Already Available
Post by jgh1204 on 05/29/03 at 09:33:37

That was fast. Bush signed the tax bill just a few days ago and the IRS has the new tables available already.

www.irs.gov

http://www.irs.gov/pub/irs-pdf/n1036.pdf

Title: Re: New Withholding Tables Already Available
Post by Karen Mason on 05/29/03 at 14:10:50

...and the dba update will be when?

Title: Re: New Withholding Tables Already Available
Post by aricon on 05/29/03 at 14:11:07

You would almost think they talked to each other occasionally......

Nahhh... :-X

Title: Re: New Withholding Tables Already Available
Post by David Waldmann on 05/29/03 at 14:12:32

It's very simple to do yourself. Unless your state tax rates are also being changed it's a matter of maybe 5 minutes work. Mine are already done.

Title: Re: New Withholding Tables Already Available
Post by RAGINE on 05/29/03 at 15:29:24

David,
How do you set up the new witholding tax? Also, we have no tax in SD.
Thanks, Ragine

Title: Re: New Withholding Tables Already Available
Post by jgh1204 on 05/29/03 at 18:00:39

I have a pretty old version of DBA(99.2), but in the PR menu is the option "Maintain Tax Tables". Under the RTM column is US0, USH, USM and USS. Adjust these tables to reflect the values on the Annual Payroll listed in the new withholding.

I did ours today and processed payroll and my takehome pay went up about $15(we get paid biweekly) so that is about $400 annual for me.

Title: Re: New Withholding Tables Already Available
Post by RAGINE on 05/30/03 at 08:19:02

Thanks, that was pretty painless! One more question(probally a dumb one), in the upper right corner it has a field: AMT EA ALLOWANCE
would this be $7000 single, $14000 married?
Thanks again for your help.

Ragine
Manufacturing Systems, Inc.

Title: Re: New Withholding Tables Already Available
Post by jgh1204 on 05/30/03 at 12:26:26

Amount Each Allowance should be $3100.00 regardless of single, married or head of household.

Title: Re: New Withholding Tables Already Available
Post by RAGINE on 05/30/03 at 14:15:17

Hey thanks, I love this forum :D