Dynamics GP Payroll Tax release Illinois Income tax Increase
July 13 |
If you use Dynamics GP Payroll and have employees with Illinois Income Tax, there is a new Payroll tax update for you to install.
Terry Heley from Microsoft notified us on Wednesday 7/12/2017 a new tax update was released. Round 4 2017 tax update.
Flat rate for withholding Illinois Income Tax increased to 4.95%, it was previously 3.75%.
If you want to update the withholding manually go to:
Microsoft Dynamics GP drop down | Tools | Setup | System | Payroll Tax
Select the state of IL, choose the button Filing Status, arrow over and choose NA, change the 3.75 to 4.95, save out of both windows.
If you are an iSolutions client and have questions regarding the update, please contact us at: firstname.lastname@example.org
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