The Internal Revenue Service has made substantial changes to the tax code that will impact the 2020 payroll tax year. The IRS has released a new W-4 form as a result of these changes. For more detailed information please see the IRS FAQs regarding the new W-4 form.
As you prepare for the next payroll tax year be aware of some important changes:
Any new employee starting January 1, 2020 or later must use the new W-4 Employee Withholding Certificate form.
Effective January 1, 2020 any employee that needs to make changes to their withholdings must use the new W-4 Employee Withholding Certificate form.
Sage 100 2017 and earlier will not support the additional fields necessary to correctly calculate federal withholding taxes.
Action required for Sage users:
If you are using Sage 100 2018 or 2019 installation of Payroll 2.20.0 is needed, due to be released mid-December 2019, and any later updates that are released.
If you are using Sage 100 2017 or earlier, you will need to work with your partner and upgrade to Sage 100 2018 or 2019 to remain compliant.
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