Dynamics GP Payroll Tax Changes

Congress' recent passage of the The American Recovery and Reinvestment Act of 2009 will require changes to Dynamics GP payroll tax tables. The new withholding tables, along with other instructions related to the new tax law, will be incorporated in new Publication 15-T. The IRS asks that employers start using these new tables as soon as possible but not later than April 1. Most workers will see a boost in their take-home pay soon thereafter. Microsoft should be releasing a new round of tax table changes during the week of March 23rd.

Additionally, the Act made changes to COBRA premium tracking changes that allow for certain workers that have lost their jobs to be provided a credit for a portion of their COBRA payments. The COBRA changes and resulting changes to the quarterly federal 941 employer reporting will require a code update for users of Dynamics GP Payroll. The code changes will be in the form of a service pack inclusive of all previous service packs and hot fixes.

This service pack must be installed on all workstations running Dynamics GP. The service pack is currently slated to include fixes for several critical items in manufacturing, inventory, field service and project accounting. The service pack should also be available during the week of March 23rd. The tax table changes can be installed independently from the service pack.