This page (revision-23) was last changed on 26-Nov-2021 10:22 by jmyers

This page was created on 26-Nov-2021 10:22 by jmyers

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Version Date Modified Size Author Changes ... Change note
23 26-Nov-2021 10:22 12 KB jmyers to previous GOVT REGIST RULE ==> GOVT REGIST RULE(System_Preference)
22 26-Nov-2021 10:22 11 KB jmyers to previous | to last
21 26-Nov-2021 10:22 12 KB jmyers to previous | to last

Page References

Incoming links Outgoing links
UPCALC COMBINE SEPARATE MULTIPLE EMPLOYMENTS
UPCALC COMBINE SEPARATE MULTIPLE EMPLOYMENTS

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Difference between version and

At line 185 changed 18 lines
*At Site Level [IMST], during installation time when defining rules for the Payroll system, the user should define how they would start a new Employment for their employees
- a new Employment should be for a new Hire Date, then the employee will be set up for the Assignments under this employment, each Assignment will point to a Group that reports to a Fed#
- the user must evaluate how they should report multiple groups by Fed#, how to report one or multiple Employments
- most users should use the default GOVT REGIST RULE 01 for taxation purpose
- for some common Payroll Masters, Service Bureau or Agencies, each Entity on IDEN or each Group on IDGR may represent a different Company or a client of their own, sometimes one Employment of an employee may represent this employee is working for a different Company, therefore they must set up IMST ‘GOVT REGIST RULE’ to handle the taxation according to their needs
- the definition of a new Employment, a new Group, or a new Entity is dependent upon the user’s nature of business
- by default, UPCALC will accumulate and withheld according to the legislative requirement, if the client would like to switch the rule during one Taxation year, the YTD amounts that have already been updated so far may not reflect the correct YTD amounts according to the rule, the user may need to do manual YTD adjustment
- however in most cases, at the end of the year when the employee is filing their income tax return, the employee will be refunded with any excess contribution
- for the Company portion contribution, the company may do manual YTD adjustment depending on if the Company is over-contributed or under-contributed
*At Site Level [IMST], during installation time when defining rules for the Payroll system, how to start a new employment for employees should be defined.
*A new employment should be for a new Hire Date, then the employee will be set up for the assignments under this employment, each assignment will point to a group that reports to a Fed#.
*There must be an evaluation of how to report multiple groups by Fed# and how to report one or multiple employments.
*For most users, the default GOVT REGIST RULE 01 for taxation purpose should be used.
*For some common Payroll Masters, Service Bureau or Agencies, each entity on [IDEN] or each group on [IDGR] may represent a different company or a client of their own. Sometimes one employment of an employee may represent that this employee is working for a different company, therefore they must set up the [IMST] ‘GOVT REGIST RULE’ to handle the taxation according to their needs.
*The definition of a new employment, group, or entity is dependent upon the nature of the user's business.
*By default, [UPCALC] will accumulate and withhold according to the legislative requirement. If the client would like to switch the rule during one taxation year, the YTD amounts that have already been updated so far may not reflect the correct YTD amounts according to the rule. A manual YTD adjustment may need to be done.
**However, in most cases, at the end of the year when the employee is filing their income tax return, the employee will be refunded with any excess contribution.
**For the company portion contribution, the company may do manual YTD adjustment depending on if the company is over or under-contributed
This page (revision-23) was last changed on 26-Nov-2021 10:22 by jmyersTop