NewsFlash #74

The following updates have been applied to TylerNet. Please read them carefully, as some might require action from you.

Payroll – Additional Medicare Tax Requirement – 10-23 and 10-33 – US Only

Due to the Additional Medicare Tax that goes into effect January 1st 2013, Tyler has added 2 additional fields in 10-33 and a Y.T.D earnings field in 10-23.

Based on current IRS guidelines the new fields in 10-33 should be set-up as follows:

• Wages Subject to Additional Medicare Tax 200000.00
• Percentage Rate for Additional Employee Tax .90

Stand Alone clients that use the Tyler Payroll module will be contacted to install these updates.

For more information on this new tax, please visit:
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Questions-and-Answers-for-the-Additional-Medicare-Tax