MDGP 2013 Feature of the Day: FICA Tax Sheltered Annunity Changes

Microsoft are posting the Microsoft Dynamics GP 2013 Feature of the Day series on the Inside Microsoft Dynamics GP Blog.

The eighty third feature they’ve announced is FICA Tax Sheltered Annunity Changes.

The TSA Sheltered from FICA Tax option has been changed to two separate options; FICA Social Security and FICA Medicare to allow each deduction to be exempt separately. In the Deduction Setup and the Employee Deduction Maintenance windows, the two check boxes replace the one Sheltered from FICA Tax check box.

Deduction Setup

Employee Deduction Maintenance

This change will not affect deduction sequences or computer check processing. Depending on the selection in the TSA Sheltered from option prior to upgrading, the system will process the deductions in the same manner as it did for FICA Tax.

This new feature is targeted at the following roles:

  • Payroll Administrator
  • Payroll Manager
Ian Grieve

About Ian Grieve

Ian is a Microsoft Dynamics GP certified consultant specialising in the delivery of Microsoft Dynamics GP projects and currently working for Perfect Image Ltd., a Microsoft Partner and VAR in the North East of England. Ian has worked with Microsoft Dynamics GP since 2003 and, over the nine years since, has dealt with all aspects of the product life-cycle from presales, to implementation, to technical and functional training, to post go-live support and subsequent upgrades and process reviews. In his spare time, Ian runs the azurecurve | Ramblings of a Dynamics GP Consultant blog dedicated to Microsoft Dynamics GP and related products.
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One comment on “MDGP 2013 Feature of the Day: FICA Tax Sheltered Annunity Changes

  1. Pingback: MDGP 2013 Feature of the Day: FICA Tax Sheltered … – azurecurve : Interesting Findings & Knowledge Sharing

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