TimeSuite - 2020 Tax Table Updates                            

  

If you are using our cloud servers, we will update for you.

 

Due to the recent changes for the 2020 Form W-4, TimeSuite has updated the Federal Tax Tables in accordance with 2020 W-4 tax table version. For further explanation of this change please log onto irs.gov and review Publication 15-T 2020.

States that have released changes have been updated. Customers are responsible for any Unemployment and/or Disability Tax percent and max gross changes plus any special County or Local Tax changes that are created through a Payroll Adjustment.

 

Please note that we have many upgrades to the Toolbox interface which requires the latest version of SQL Anywhere. You must update the Toolbox executable with this database and reports update.

 

Please follow the instructions on the Release Notes page for the database update and the reports update.

 

Here is a link for the Reapply Toolbox Program Update. A link is also toward the bottom of the Release Notes page:

 

You can alternatively call into support, and have us do the updates for you.

 

Other Information About Year End Updates
  • The social security administration released a slightly higher Social Security threshold. 
  • The year end updates accomplish two concepts. First, we deliver reporting, enhancements and system adjustments. Second, at the end of December, we deliver tax table updates.
  • We recommend that you do an initial update anytime in December to receive all updates other than the tax table update.
  • You should update again before you process your first payroll for the the new year so that your tax tables are updated. The tax table updates are posted the last couple days of the calendar year.
  • You can update your system by clicking "Help | Release Notes", and follow the instructions. Many users still prefer to have support assist them with updates. Click "Help | Initiate Support Session", or call in to support to get assistance.
  • You should also update again in early April, the form 941 changes, and the IRS releases those changes in March. Thus, an additional update is required in early April prior to completing your Form 941 for the 1st quarter.