Author Topic: Payroll 2018 (Read 1040 times)

Breaktru · « **on:** December 15, 2017, 04:32:56 PM »

Payroll 2018 v18.0.0 is now available for downloading at http://payroll.breaktru.com

Many state's have changed their tax rates which are included in the software. Several states have contacted me about revising their state rates but only after reviewing the federal tax rates.

The I.R.S. posted an announcement:
Dec. 13, 2017 - The IRS is continuing to closely monitor the pending legislation in Congress, and we are taking the initial steps to prepare guidance on withholding for 2018. ?We anticipate issuing the initial withholding guidance (Notice 1036) in January reflecting the new legislation, which would allow taxpayers to begin seeing the benefits of the change as early as February. The IRS will be working closely with the nation's payroll and tax professional community during this process.

Payroll 2018 version 18.0.0 will continue to use the federal 2017 tax rates as instructed by the I.R.S. When the new rates are available, a revised version will be released. Check back often to the Payroll 2018 web site

Breaktru · « **Reply #1 on:** January 14, 2018, 10:55:07 AM »

The new Federal Tax rates for 2018 has been released by the I.R.S. on Friday 01/12/18.
Version 18.3.0 has been released with these new rates and can be downloaded at http://payroll.breaktru.com

Here is the I.R.S. statement:

Employers should implement the 2018 withholding tables as soon as possible, but not later than February 15, 2018. Continue to use the 2017 withholding tables until you implement the 2018 withholding tables.