Illinois retroactive tax increase

(0) Share

Report

Posted on by NNelsonATP

Is there an easy way to take the additional taxes from a prior payroll that was taxed at the lower rate?

In short, Illinois increased our state taxes, put the increase retro to 7/1/17, and released the tables after our first payroll in July was processed. We have downloaded the updates so we'll have the new tax rates on the last payroll of the month, but we have to take the additional that was missed from the first payroll. I can manually calculate the amounts by running a dummy payroll in the test company. But to enter it for each employee, I'm struggling on where to do that. I thought I could enter it in a batch, but am not seeing where that is possible. Am I going to have to go into each employees' tax set up and add the additional amount in there and then go back and change it back?

Thank you

*This post is locked for comments

All responses (2)

Answers (0)

NNelsonATP 15 on at

Like (0)

Report

RE: Illinois retroactive tax increase

That might be an option if the employees weren't already paid. But that payroll is past, so I don't see how I could rerun it.
Suggested answer

Mariano Gomez 26,225 on at

Like (1)

Report

RE: Illinois retroactive tax increase

Is it just not easier to void the payroll run and re-run for the pay period in question? Go to HR & Payroll > Transactions > Void Checks. Select the checkbook ID, then in the Display Range By DDL, choose Check. Identify the range of checks that were issued and select them in From/To fields. You can choose to void in the same period the checks were issued, then re-run your payroll for that period. Given that you have the new tax tables, your pay run should be properly and accurately calculated based on those new rates.