Friday Mar 27, 2015

PeopleSoft Payroll for North America Tax Calculation Revision in Tax Update 15-B

The PeopleSoft Payroll for North America team would like to notify you that Tax Update 15-B will contain a change to the way the payroll system handles State Reciprocity Calculations for Resident State Aggregate Supplemental Taxation.  I encourage all Payroll for North America customers to review the information in Document ID 1990074.1 on My Oracle Support.

Monday Nov 21, 2011

Legislative Alert - Payroll for North America

We have a Legislative Alert for our customers using PeopleSoft Payroll for North America.   The IRS has made some changes to the FUTA reporting for the tax year 2011.  The IRS requires that all employers complete the 940 Schedule A form when completing the Tax Form 940.  On the Schedule A employers must indicate every state in which you were required to pay state unemployment tax during the year (even if that state's credit reduction rate was zero).  For states with a credit reduction rate greater than zero you must enter the FUTA taxable wages paid in that state then multiply it by the credit reduction rate to report the credit reduction amount for that state.  Please click here  to obtain additional information on this regulation along with Oracle/PeopleSoft position on this new requirement in Document ID 1371681.1.
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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

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