When to install 2015 tax table

Question

Is it necessary to install 2015 tax tables and reinstall 2014 before 2 are printed? 
 Especially for states without local and state tax rates isn't just a limit issue which would not be met in the forst couple payrolls. 
 and as long as you manually change your wc rate

Gina Thompson · Accepted Answer

Sorry about any confusion that has been caused, nothing has changed regarding the way tax tables affect the Payroll module. 
 The tax table update rates and limits will not affect amounts that print on W2s BUT they will affect amounts on Payroll reports (i.e. Quarterly Tax Report, Quarterly Governmental Report). If you change your State Unemployment rate to reflect your 2015 tax rate that new 2015 tax rate will pull into applicable eFIling forms and will need to manually be changed to your 2014 UI tax rate when printing 2014 forms (if applicable). 
 The recommended way is to print 2014 W2s before installing the 2015-Q1 TTU and processing 2015 payroll. 
 If that is not possible because of pay cycle ending dates then the recommended way would be the same as it has always been: 
 
 Install the 2014 IRD (**this step does not need to be done first, but the 2014 IRD must be installed before processing 2014 W2s) 
 Print applicable Payroll reports (i.e. Quarterly Tax Report, Quarterly Governmental Report) 
 Verify Years to Retain eFiling History is set appropriately and verify Retain Perpetual History is selected in Payroll Options 
 Make a copy company (**this company code will be used if you dont have time to print quarterly reports before closing year end or if any adjustments need to be entered for payroll dated in 2014). 
 In Live Company Code, close the year using Period End Processing 
 After Year-end Processing is completed, install the latest Tax Table Update (2015-Q1 TTU) and verify the accuracy of your state (s)u nemployment Tax Rates for each company in Tax Table Maintenance before processing the next quarter&rsquo;s Payroll. 
 Process 2015 Payroll 
 After reconciling QTD & YTD amounts and ready to print 2014 W2s, install the 2014-Q3 TTU and change the State(s) UI to reflect the 2014 UI tax rate. 
 Print the 2014 W2/W3, 941 and 940 forms and verify accuracy 
 Install 2015-Q1 TTU and verify State(s) UI rate reflect your 2015 UI tax rate

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When to install 2015 tax table

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