Hi Graziela,
Starting Jan. 1st 2024, employees who have earned $145,000 or more in FICA wages in the previous year are allowed to do catchup contributions as Roth only. (only after tax). This base of $145,000 is indexed to inflation and will be rev...
Hi All,
I have a time type 9901 which is increased by 5 hours on the 15th of every month upto a certain value.
So, let us say, this 9901 had 10 at the end of February in SALDO.
On March 15th 9901 increased to 15 in SALDO.
On March 20th the...
Hi Everyone,
Do you happen to know how we can configure what appears in Box d (Control number) of the W2 form. We use .pdf for W-2 output.
I will appreciate all of your pointers.
Thank you.
Paddy
Hi,
In TF11.0f TUB 75, BSI has provided a new formula number 2 for tax type 19 for NY MCTMT (tax authority NY1P).
This formula will provide quarterly self adjustment calculation for this tax type 19 for NY1P tax authority.
For this formula nu...
Hi,
Just wondering when the updates to Garnishment Levy exempt amounts in tables T5UGE and T5UGF be provided to the customer via SAP Note. Last year it was provided on Dec. 4th 2020 for year 2021.
Please let us know.
Thanks
Paddy
Hi, Is there any update to SAP solution for Section 603 of Secure 2.0, which says that High earners can contribute to catch-up only as Roth catch-up. Please let us know. Thank youPaddy
Hi Vishwanath,We need to implement a solution for one secure 2.0 item which takes effect on Jan. 1st. Employees whose 2023 FICA taxable wages is more than $145,000 should have all their 2024 catchup contributions in Roth. i.e. no catchup contributio...
