Microsoft Dynamics GP Payroll 2023 Round 3 tax update released.

We are starting to see a trend in 2023 where some states are decreasing their tax rates, we all know employees want more money in their pocket so this calls for a release of Round 3 tax table changes for the year 2023.

Once you install this update the tax date under Tools | Setup | System | Payroll Tax is 4/9/2023

States that changed in this update are:

District of Columbia
West Virginia
Michigan
Utah

Reminder tax updates are all inclusive of prior updates.

Here is an overview of the changes we have had so far this year from the tax download page.

It is also that time of year where everyone is doing their taxes and maybe withholdings were not what they expected for the 2022 year.

Here are some important links when calculating payroll tax in Dynamics GP that will help you.

Payroll Tax Documentation for the 2023 year of changes

Tips to install the Payroll Tax Update

How does Microsoft Dynamics GP calculate payroll tax?  We annualize everything!

How does Microsoft Dynamics GP calculate payroll tax with Dependent Claim Amount?

Payroll W-4 and how does it correlate to Dynamics GP.

I love taxes in Dynamics GP!

Terry Heley 

Microsoft