When do I install the year-end tax update?

Install the year-end tax update before closing the payroll year in menu 5-3-8 Close Payroll Year or archiving the oldest payroll year in Database Administration for Sage 100 Contractor. The year-end update may contain fixes and enhancements for the Close Payroll Year and Archive Oldest Payroll Year processes and affects tax rates for federal and state income taxes (US version) and tax changes for provinces and territories (Canadian version). It is essential to verify that the following steps are complete before processing the first January payroll in the new year:

1. Verify all payroll for the current tax year is processed, reviewed, and finalized.
2. Open menu 5-3-7 Payroll Audit and click the Repair button. If necessary, resolve any payroll audit errors.
3. Install the year-end update.
4. Close the payroll year in menu 5-3-8 Close Payroll Year or Archive Oldest Payroll Year in Database Administration for Sage 100 Contractor.

New Feature: 5-3-8 Close Payroll Year
How do I update my payroll taxes?
How to Archive Oldest Payroll Year
CANADIAN: From which company do I print T4's