Sage 50 January 2019 Payroll Update
Sage accounting software is the most used accounting solution for its supreme and easy-to-use features. As for 2019, Sage is providing more enhanced and improved features in the latest releases (for Pro, Premium, and Quantum edition). This article provides necessary details about the resent Sage payroll updates.
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Sage 50 January 2019 Payroll: new and product improvements
- Sage Dashboard: With Office 365 integration, Sage Dashboard provides an insight into important areas of the business from any location.
- Sage Approvals: The Sage Approvals allow business owners to take complete control of the transactions flow in the Sage Capture.
- Payments in Outlook: This feature helps users to save more time by reconciling the payments into their accounts. This way they can work faster and get paid faster.
Sage 50 January 2019 Payroll Tax Updates
If you are a current subscriber of Sage 50 accounting, you should be also aware of the payroll tax updates included in the Product Update.
The payroll update reflects both the federal & provincial tax schedules effected from January 2019.
The January 2019 tax updates contain certain changes to the payroll tax tables and the Sage 50 payroll tax calculations. Here are some of the payroll tax changes which you may have to adjust in your payroll records.
- Changes to tax brackets & rates
- Changes to taxes & rates
- Changes to the Pension Plan
- Indexing factors announced for 2019
- Changes to the Workers Compensation Maximum Assessable Earnings
For complete details on the income tax updates, contact local tax services office.
Important: Prior to processing payroll
- Review the latest federal form and the form for your territory or province to become familiar with the changes made.
- Provide employees with 2019 federal, provincial, or territorial forms for if they require to make change on personal claims.
- Adjust employee records in your Sage 50 Accounting to reflect the latest tax credit amount.
Sage 50 January 2019 Payroll Update is here with new and product improvements
- Sage Dashboard: Get better and clearer insight into important areas of the business from any location.
- Sage Approvals: Be the master of your own business. Take control of transactions flows with Sage Approvals.
- Payments in Outlook: Work faster, get paid faster, and save more time by reconciling payments into the accounts.
Tax updates in the Sage 50 January 2019 Payroll Update
- Changes to tax brackets & rates
- Changes to taxes & rates
- Changes to the Pension Plan
- Indexing factors announced for 2019
- Changes to the Workers Compensation Maximum Assessable Earnings
Get details
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