Updated 2/2/18 to include January 2018 Payroll Tax Table updates*
Year-end reporting issues in Dynamics SL tend to resurface every January. We've put together a summary of a few common issues/questions our support team receives, pertaining to tax year 2017 government tax filing and 2018 payroll tax withholding.
If you are using the Payroll module in Dynamics SL:
December Tax Table Updates
The tax table updates can be accessed here:
The updates contain the following:
When will the January tax table updates be released?
Microsoft is expected to release them in mid-to-late January and this update should contain all the recent federal withholding changes.
Update: January 2018 Payroll Tax Tables are now available on Customer Source:
If you are using the Accounts Payable module, the main takeaway is:
If you need to run the 1099 history rebuild, it won’t work in 2015 unless you install the year-end updates. The 1099 history rebuild was broken in SL 2015.
The year-end updates should fix this for 2015 CU1, even though it doesn’t appear to be documented anywhere.
The Dynamics SL 2017 year-end updates can be accessed here:
Note: No changes were made to 1099s, but there was a change made to the W2 electronic file to handle box 12 letter FF.
Reduce the stress that comes with year-end reporting.
For more information or to request assistance on these issues, contact Ruth Ann Ellerbrock at email@example.com or 419-581-2833. We are ready to help!