In this article, you will get to know about the addition of new changes made to Sage 50 Payroll Solutions, and existing errors that are resolved. The latest Sage 50 Payroll Solutions Update for the year 2024 has been officially released in July. This update will be installed only on Sage Version 2024.0.1 and it is now available to be downloaded.
Before we gain insights on Sage 50 Payroll Solutions Update for July 2024, you must know what Sage 50 payrolls are about. It enables you to deliver directly to your employees after the payroll is processed. Your employees will receive their e-payslip, which includes information about the company, net pay, deductions, and saving time and paper. Employees can obtain P60s and other payroll documents on any device in addition to their payslips through Sage 50 Payrolls.
Now, many errors occur and hinder your overall experience of using Sage 50 Payrolls. In this latest update by Sage Community, these issues are addressed and changes have been made to ease forming and accessing payrolls. To know more, keep reading!
What’s New in Sage 50 2024 Update
In the latest Sage 50 payroll update, changes are made in the automated state and local taxes and wage limitations of certain states. Apart from this, many users were facing the Error “Authentication problem. We are unable to authenticate your credentials at this time.” while they are trying to sync the direct deposits. This error has been resolved in the Sage 50 Payroll Solutions Update for July 2024. However, that’s not it, issues related to 2-factor authentication (2FA) are also fixed in this update. Sage 50 payroll users can now use the web app smoothly.
To understand this better, check out the list of changes made in the State and Local Tax Changes:
- DC Paid Family Leave: Withholding rate change.
- Georgia State Income Tax: GA Additional Withholding
- Idaho State Income Tax: Withholding Table and Allowance updates.
- Georgia State Income Tax: Withholding Tax updates.
- Oregon TriMet Transit District (TM): Tax rate change.
- Ohio State Income Tax: Withholding Table update.
- Oregon Lane Transit District (LTD): Tax rate change.
- Vermont Child Care Contribution Tax: New tax started July 1, 2024
- Virginia State Income Tax: Standard Deduction change
- Utah State Income Tax: Withholding Tax updates.
- New Jersey State Unemployment Insurance Tax: Addition of 0.0425% Workforce Development Fund (WF) to NJ SUI
Names of States whose Unemployment Wage Limit has been Updated:
- North Carolina
- New Mexico
- North Dakota
- West Virginia
- Oklahoma
Resolved Error Direct Deposit Sync and 2-Factor Authentication
This update consists of resolving the problems that occurred with Direct Deposit sync whenever 2-factor authentication is used with text messages. To be able to install this payroll update in your Sage 50 account, you are required to be on version 2024.0.1. In case you are on Release 2024.0 then update it to 2024.0.1 and then install this update.
How to Install Sage 50 Payroll Update 2024
Those who are on Version 2024.0.1 will automatically see that update on their product. This version is 20240701 tax update for the Sage 50 2024. Enlisted below are the steps to ensure that you have updated your Sage 50 payroll.
- Step 1: Go to your Sage 50 Account.
- Step 2: Now click on the Help menu and then select on the About Sage 50 Accounting.
- Step 3: Ensure that the Tax Update version is 20240701.
- Step 4: In case you’re unable to find this version, click on the Select Service option.
- Step 5: Now, select the ‘Check for Updates’ and then click on ‘Check Now’.
- Step 6: Match the update version number to 20240701 from the multiple updates available.
- Step 7: Click on the Download button.
- Step 8: Once you have successfully downloaded the update, close your Sage 50 account and the update will automatically installed.
Conclusion:
The Sage 50 Payroll Solutions Update for July 2024 introduces important enhancements and changes to state and local tax calculations, resolving the errors in two-factor authentication and Direct Deposit sync. This Sage 50 Payroll Solutions update aims to streamline payroll management, ensuring accurate tax withholdings across multiple states and resolving authentication issues that users encounter. To benefit from these improvements, ensure your Sage 50 version is updated to 2024.0.1 as well as follow the steps to install the latest update that are provided in this article. Also, you must stay informed to enhance user experience and reliability in payroll operations.
FAQs For Sage 50 Payroll Solutions Update for July 2024
Q. Where to find Sage 50 download updates for July 2024?
A. To find Sage 50 download updates for July 2024, you must go to the Help menu and then navigate to ‘About Sage 50 Accounting’. If you are already on the previously released version, then you will see an update notification. In case you are using an older version, you will see a lot of update notifications.
Q. How to install Sage 50 update on the workstation?
A. To install the Sage 50 update on a workstation, right-click on Sage 50 accounts and select the option to run it as an administrator. Then click on the Services tab, select the ‘Check for Updates’ option, and click on the ‘Check Now’ button. If there’s an update, it will show up as ‘Entitled’. Check the details of that update and then click on the ‘Download’ button. Once the downloading is over, close Sage 50, and reopen it to its updated version.
Q. How to update Sage 50 payroll?
A. You can either update the Sage 50 payroll from Sage Community’s official website or go to the help menu and navigate to the About Sage 50 Accounting tab. There you will get the option of Services, click on it. Check for the pending updates and if it is being displayed, then click on Download. Once the downloading is over, reopen Sage 50.
Q. What’s new in Sage 50 Payroll Solutions Update for July 2024?
A. Certain changes related to taxes, wages, and 2FA authentication have been made in Sage 50 Payroll solutions for July 2024. These changes have been made by taking the recent tax amendments into consideration. Apart from this, issues in 2-factor authentication during direct deposit sync have also been resolved.
Q. How to change the Wage limit in Sage 50 2024 for a few States?
A. You cannot make changes to the Wage Limitation in Sage 50 2024. It was automatically updated in Sage 50 in July 2024 for New Mexico, North Carolina, North Dakota, West Virginia, and Oklahoma based on the updated wage limitations.
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