Payroll Post Notes: Create Tax Tables

When you install the end-of-year patch, the federal and state tax table files are updated automatically based on changes submitted to Blackbaud before November 30.  Before you calculate payroll for 2009, you must create updated tax tables. When you create the tax table, the rates default based on the updated values in the tax table file. Follow these steps to create the new tax tables:

1. In Configuration, click Taxes.
2. Select Federal or State from the Tax Type drop-down list.
3. Click New Tax.
4. Enter an effective date.
5. Complete the description and other required fields.
6. Click GL Distribution on each tab to enter withholding, liability, and expense accounts.
7. Click OK and then click Save and Close.

 I strongly recommend you compare your tax tables to the annual tables of the Circular E before calculating payroll since tax changes can be made after November 30.  This will save you the headache of having to delete and recreate calculations for all employees because there was an error in the table. 

Talk to you soon!