The Consolidated Tax Report has been modified to display amounts withheld for FICA and Medicare by third-party sick pay providers. The report uses deduction description identifications that contain 3RD PARTY SICK and with deduction types of FICA and MEDICARE. These amounts must be reflected in FICA and Medicare liability amounts on the 941 but are then subtracted as adjustments for reconciliation to tax deposits. The report will also display matching FICA and Medicare amounts (summary amounts for the calendar year and selected quarter).
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1/10/2025 NEW RDA PROGRAMS RELEASED
Release notes for 4.1.4-46711 2025 Federal tax tables and deductions updates 2025 FICA and FICA-M wage and withholding limit updated 2024 1094/1095 B/C electronic filing...
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