What's new
State and Local Tax Changes
- Kentucky State Income Tax: the 2018 withholding rates and wage base limits changed.
- New Mexico State Income Tax: the 2018 withholding rates and wage base limits changed.
- Oregon State Transit Tax: This tax is new and effective for the employee as of July 2018. As of July 2018, employers and employees based in Oregon were advised of a new Statewide Transit Tax. This tax applies to only the employee and is computed when performing a payroll run. Previous guidance from Oregon Revenue authorities indicated that this tax also applied to the employer, however, this tax is for employee withholding only. Action Required: Please review instructions to setup and configure this tax for employees based in Oregon.
- Philadelphia Local Income Tax: the withholding rates changed effective July 2018.
Making Sure That Your Tax Update is Applied
The version for this tax update is 20180701 for release 2018. Follow these steps to make sure that your tax update was applied:
For Release 2018:
- Open your Sage 50 company.
- Select Help > About Sage 50 Accounting.
- Confirm that the Installed Tax Update version number matches the version number listed above.
Download July 2018 Tax Update Release 2018
Questions?
Help within your Sage 50 application is a great source of information. Help can be accessed from a Sage 50 window by clicking on the Help button in the toolbar or pressing the F1 key while on a field.
In addition to Help, contact your Sage business partner, visit Sage City to join product discussions, search articles in the Sage Knowledgebase, or chat with an expert.
