What is the new feature?

Removal/discontinue AQ District of Columbia - Paid Family & Medical Leave

Why did we do that?

As a result of this report no longer being required by the District of Columbia, this report will be removed from the available AQ reports

What is the new feature?

2023 Defined Contribution Limits

Why did we do that?

The following limits have been updated for 2023:

401K - $22,500 new limit - Avionté Code 401K Deferral Reg

403b - $22,500 new limit - Avionté Code 403B Deferral Reg

Roth 401k = $22,500 new limit - Avionté Code Roth 401K Reg [taxable] 

Roth 403b = $22,500 new limit - Avionté Code Roth 403B Reg [taxable] 

The catch-up contribution limit for employees aged 50 and over is $7500.00.

Catchup 401k - $7500 new limit - 401K CU2 Over 50 Reg

Catchup 403b - $7500 new limit - 403B CU2 Over 50 Reg

Catchup Roth 401K - $7500 new limit - Roth 401K CU [taxable]

Catchup Roth 403B - $7500 new limit - Roth 403B CU [taxable]

For more information:

Benefit Plan Limits for 2022 and 2023

What is the new feature?

2023 Flexible Spending Accounts [FSA]

Why did we do that?

The following limit has been updated for 2023:

The limit for FSA 2023 has increased to $3050 - Avionté Code [125FSA Reg]

For more information:

Benefit Plan Limits for 2022 and 2023

What is the new feature?

Generic OT Plan OT 55/wk - Set as enabled by default

Why did we do that?

This enhancement will enable the Standard Overtime plan for 55 hours per week to be available by default.

For more information:

Overtime Plans and Work Schedules

What is the new feature?

Taxation for Healthcare Workers Special Bonus in New York [NY]

Why did we do that?

With this enhancement, this generic transaction type of Healthcare NY Bonus can be used to exclude the following tax amount and taxable wages from the employees’ payment.

Due to this being a new point-in-time bonus, it was determined that we should exclude the tax amount and taxable wages on a return from Vertex. To get the correct supplemental taxation, we are passing the Vertex Comp Code of BONUS.

To accomplish this, we created a new generic transaction type. This generic transaction type uses the Vertex code of BONUS, emphasizing that it must be used and processed independently from other compensation codes to not impact the taxation of the other earnings.

Basic transaction type details are as follows: 

·        Vertex compensation code of Bonus [Supplemental Flat Rate]

·        Hard code system name: HWSBNY

·        Name: Healthcare NY Bonus

·        Description: Healthcare Workers Special Bonus in New York

·        Transactional

·        Taxability defined by compliance

·        Error so that Healthcare Workers Special Bonus in New York is not to process combined with any other transaction type

Jurisdictions that require changes in taxability

Exclude the following:

·        NY WH                  Authority code 33-000-0000 Vertex tax ID [450]

·        New York Local      Authority code 33-061-2010 Vertex tax ID [530]

·        Yonkers                 Authority code33-119-3230 Vertex tax ID [530]

Due to the system removing the above taxes after the third-party tax calculation, this compensation code cannot be combined with any other transaction type.

For more information:

Taxation for Healthcare Workers Special Bonus in New York (NY)

What is the new feature?

CLASSIC | Transaction Type | Vertex Pay Code S Corp 2% Shareholder Insurance Premiums

Why did we do that?

With this enhancement, the S Corp 2% Shareholder Insurance Premiums is now an available Vertex Pay Code option on the Admin Tools > Transaction Type configuration.

These wages are not subject to Social Security, or Medicare (FICA), or Unemployment (FUTA).

What is the new feature?

Oregon SUI is tracking new WAGE fields for submission to Greenshades

Why did we do that?

With this enhancement, the following 3 fields were added to the Greenshades XML, all under the <StateW2 State=”OR” > node

• QuarterlyPFMLIWages
• TransitTaxSubjectWages
• TransitTax