NV2 Payroll for 2013

Important information for all 2013 US payroll users!

Issues caused by the Early Release Copies of the 2013 Percentage Method Tables for Income Tax Withholdings. If you have processed payroll checks dated 2013 with tax tables and rates from 2012 please read the following.

We have just received clarification from the IRS regarding underwitholding of social security tax.

If you have not yet processed US payroll in January, you must install NewViews 2 version 25.2 (v 99 for NV1 users) prior to processing your first payroll for 2013.

Verify your Social Security Setting 2013 rate setting.

If you have already processed payroll in January using the 2012 employee tax rate for social security, you will have to adjust the withholdings for each employee on your next payroll run to correct any underwithholdings. One way to do this is as follows:

1. Print your last payroll check run on plain paper so you can easily see the deductions for each employee.
2. Install NewViews version 25.2 (v 99 for NV1 users)
3. Create a temporary payroll check run for the current pay period using the exact same hours input for the previous check run. THIS WILL ALLOW YOU TO EASILY SEE WHAT THE DEDUCTIONS SHOULD HAVE BEEN FOR EACH EMPLOYEE AT THE NEW RATE.
4. For each employee, note the difference between what should have been deducted for social security tax and what was actually deducted. This figure will be used to correct any underwithholdings.
5. Delete the temporary payroll check run you just created.
6. Run payroll for the current period with the current hours. For each employee, edit (increase) the social security tax withholdings to offset any underwithholdings from the previous payroll run.
7. Print employee checks as usual.

NewViews Accounting Software

Payroll Tax Tables are integrated in the NV2 program.
There are no seperate payroll library downloads.

The current version of NV2 always contains the latest Tax Tables for the United States and Canada.

The NV2 program's tax tables cover January 1, 2003 to the end of December of this year.

• NV2.25.2 - Contains tax tables from 2003 to 2013-Dec - Canada & USA (Updated)
• NV2.25.1 - Contains tax tables from 2003 to 2013-Dec - Canada & USA (Provisional)
• NV2.25.0 - Contains tax tables from 2003 to 2013-Dec - Canada
• NV2.24.0 - Contains tax tables from 2003 to 2012-Dec - July 2012 update
• NV2.23.0 - Contains tax tables from 2003 to 2012-Dec - July 2012 update
• NV2.22.3 - Contains tax tables from 2003 to 2012-Dec
• NV2.22.0 - Contains tax tables from 2003 to 2012-Dec - Canada & USA (Provisional)
• NV2.21.0 - Contains tax tables from 2003 to 2011-Dec - July 2011 update
• NV2.20.0 - Contains tax tables from 2003 to 2011-Dec
• NV2.19.3 - Contains tax tables from 2003 to 2011-Dec - Canada & USA (Provisional)
• NV2.19.2 - Contains tax tables from 2003 to 2011-Dec - Canada Only
• NV2.17.0 - Contains tax tables from 2003 to 2010-Dec - July 2010 update
• NV2.16.2 - Contains tax tables from 2003 to 2010-Dec
• NV2.16.0 - Contains tax tables from 2003 to 2009-Dec - Oct & Nov 2009 update
• NV2.15.0 - Contains tax tables from 2003 to 2009-Dec

US Payroll - 2013

December 31, 2012 - NV2 Windows - USA - Important Payroll Notice

USA payroll tables have not been updated for 2013 at this time.

As of December 31, 2012, IRS publication 15 (Circular E), Employer's Tax Guide, Publication 926 and Notice 1036 for 2013 are not available.

This release allows USA payroll to be processed in 2013 using 2012 withholding rates.

US Payroll - Social Security Rate - 6.2%

January 1, 2013 - NV2 Windows - USA - Important Payroll Notice

For 2013, the Social Security and Medicare taxes for both the employee and employer are both 6.2%.

This means you MUST change the setting for the Employer Social Security Contribution Rate to 1.0 to reflect the new ratio of the employer to employee contribution rate.

This setting can be found on row 6 in the Advanced Settings tab for USA payroll (see image below). The new value to enter on row 6 is 1.0.

US Payroll - Social Security Rate - 4.2%

January 1, 2012 - NV2 Windows - USA - Important Payroll Notice

For 2011 and 2012, the Social Security and Medicare taxes for employees are both 4.2%, but the employer rate for Social Security is 6.2%.

This means you MUST change the setting for the Employer Social Security Contribution Rate to 1.476190476 to reflect the new ratio of the employer to employee contribution rate (in past years, this value has been set to 1 as the rate for both was the same).

This setting can be found on row 6 in the Advanced Settings tab for USA payroll (see image below). The new value to enter on row 6 is 1.476190476 (the ratio of 4.2% to 6.2% is 1.476190476).