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Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

  • 1.  Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    BRONZE CONTRIBUTOR
    Posted Jan 04, 2021 10:49 AM
    All Forum Members

    Please review the Federal Tax Rates for 2021 that are included in the December 2020 Tax Update.

    Some of the Federal tax tables are not correct as they still show the 2020 rates.

    Microsoft has said that they will be sending an additional update in mid to late January with the correction.

    Here is the current December 2020 Payroll Tax update from MS.

    https://mbs.microsoft.com/customersource/Global/SL/downloads/tax-regulatory-updates/MDSLDecember2020PayrollTaxUpdates



    ------------------------------
    David Safstrom
    Senior Consultant
    NexTec Group
    Roswell GA
    ------------------------------


  • 2.  RE: Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    SILVER CONTRIBUTOR
    Posted Jan 05, 2021 09:32 AM
    David,

    Are you aware of any documentation detailing the issues so that they could be corrected manually?

    Joe

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    Joe Miller
    Director of Systems Architecture
    Harrison, Walker & Harper
    Paris TX
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    Original Message


  • 3.  RE: Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    BRONZE CONTRIBUTOR
    Posted Jan 05, 2021 09:52 AM
      |   view attached
    Joe

    No, there is no documentation on how to manually update the files. I had to figure that out for myself because MS is not that worried about it right now to send an updated version before a possible late January update.

    I have attached the file that I updated for the correct amounts.

    Just change the .txt extension back to .int and you can upload the table to the Payroll module.

    ------------------------------
    David Safstrom
    Senior Consultant
    NexTec Group
    Roswell GA
    ------------------------------

    Attachment(s)

    TXT
    030200FE.TXT   7 KB 1 version
    Original Message


  • 4.  RE: Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    Posted Jan 06, 2021 10:44 AM
    Federal or State?

    As far as the documentation goes, for Federal, only FED2 and FED3 change, or am I missing something?

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    Dean Kollet
    IT Director
    W.G. Tomko, Inc.
    Finleyville PA
    ------------------------------

    Original Message


  • 5.  RE: Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    BRONZE CONTRIBUTOR
    Posted Jan 06, 2021 05:04 PM
      |   view attached
    Dean

    The following tables are not correct:

    FET1, FET2, FET3, FET6, FET7 and FET8

    Change the .txt ending to .int for use in uploading to Dynamics SL.

    ------------------------------
    David Safstrom
    Senior Consultant
    NexTec Group
    Roswell GA
    ------------------------------

    Attachment(s)

    TXT
    030200FE.TXT   7 KB 1 version
    Original Message


  • 6.  RE: Dynamics SL - December 2020 Tax Updates - Fed Rates Incorrect

    Posted Jan 20, 2021 03:36 PM
    Edited by Brad Boothby Jan 20, 2021 03:49 PM
    David,

    This looks good according to https://www.irs.gov/publications/p15t

    I thought FET7 was wrong but I had the incorrect status. Looks good.

    -Brad Boothby

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    Brad Boothby
    SL Senior Consultant
    Solution Technology, Inc.
    San Diego CA
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    Original Message