July 2023 Tax Update Bulletin

State and Local Tax Changes

• Arkansas State Income Tax
  Withholding Table changes.
• Idaho State Income Tax
  Withholding Table and Allowance updates.
• Illinois State Income Tax
  Exemption Allowance changes including catch-up withholding addendum.
  
  Click this link for more information
  
• North Dakota State Income Tax
  Withholding Table changes.
• Washington Cares Fund Tax
  Workers in Washington state begin contributing to the WA Cares Fund tax in July 2023.
  
  Click this link for setup instructions
  
• Pennsylvania – City of Philadelphia (Residents)
  Wage tax rate change.

2023 State Unemployment Wage Limits

The following state unemployment wage limits apply for 2023.  For details on how to apply the limits for your state, please review the following article: Creating and updating the employer state unemployment insurance (SUI ER) formula. 

Bold and Red indicates the Wage Base Limit changed in the July 2023 update.

Tax Forms 
 

Payroll Tax Forms: The payroll tax forms were updated within the Payroll Tax Form Selector window on or after July 12, 2023. To receive an update, select a Federal or State form and click on Next.  If there is an update, the next window to appear will have an option to automatically update your forms.   It is strongly recommended that you take all forms updates.

NOTE:  The payroll forms update also updates the forms lists that appear in the Payroll Tax Form Selector window. If you are trying to run a year-end 2022 form such as W-2’s, 940/943/945 but only see the 2021 forms listed then:

• Select the 2021 form that you want and click on OK. 
• If you have a current Sage 50 subscription, the next window will prompt you to update your forms.
• After taking the forms update, you will see the 2022 year-end forms listed in the Payroll Tax Form Selector window.

Special Note: The forms provided by Sage 50 are approved by the taxing authorities.   A few states have not yet approved their forms.   Any form, that can be printed and mailed, and is awaiting approval, will print with the banner “Record Copy Do Not File”.   We will be removing the “Record Copy” as the taxing agencies approve the forms.  There will be periodic online updates for these forms via the Automatic Update feature in Payroll Tax form. 

Making Sure That Your Tax Update is Applied

The version for this tax update is 20230701 for release 2023. Follow these steps to make sure that your tax update was applied:

For Release 2023:

1. Open your Sage 50 company.
2. Select Help > About Sage 50 Accounting.
3. Confirm that the Installed Tax Update version number matches the version number listed above.

Getting Help and Customer Support 

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 F1 key while on a field.

In addition to Help, you can access Support by going to http://www.sagecity.com/resources or the Sage 50 Accounting User Community at https://sagecity.na.sage.com/support_communities/sage50_accounting_us.

Copyright 1992-2023 Sage Software, Inc.  Sage, the Sage logos, Peachtree, and the Peachtree logo are the registered trademarks or trademarks of Sage Software, Inc.  All other trademarks are the property of their respective owners.

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