The new year is right around the corner (as in, one day away) and that means changes are in the works for federal and state payroll rates. So, to free you up for celebrations and a stress-free start to the year, we’ve condensed the changes down to a “what you need to know” list!
Nonresident Alien additional withholding has been increased across the board
Social Security wage limit has increased from $118,500 to $127,200
Percentage Method Tables for Income Tax Withholding have received subtle breakpoint and amount changes across the board
Ohio & Florida
No significant changes to rates, calculations and maximums noted
New company-specific field for 2017 rate
All changes have been incorporated into Hibou’s Odoo US Payroll module, which you can find on GitHub.
As a reminder, remember that you will need to add accounts to the new salary rules as needed. (mainly rules that don't have the word 'Wages' in their title)
If you’re missing the tech how-to for self-installation or don’t see your state on the list, we can help with that! State payroll requirements are added on an as-needed basis, so contact us today and simplify your business with Hibou Payroll in 2017!