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TechlifyHR Statutory Deduction Rollover Feature
Автор: Techlify
Загружено: 2024-03-19
Просмотров: 29
Описание:
Previously, if new tax rates were released in February, but were retroactive to the start of the year (such as the new tax rates released in 2024), you would have needed to create a supplementary payroll to have the balance of statutory deduction (example: $15,000 for employees earning between 100k-200k) reflected, the reduced taxes reflected for each employee, and to refund the difference to employees.
With our new workflow, you can have these balances automatically rolled over and accounted for in your next payroll. The video explains how to accomplish this.
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