Smart Tax

Your Payroll software keeps 2009 Payroll tax calculation tables so you can finish entering any stray 2009 pay runs for your companies. Meanwhile you can start 2010 pay runs for the companies that are ready to go for 2010.

To use 2009 Payroll tax calculations, just make sure that pay periods for any companies that need to finish up 2009 payrolls are still in Current Payroll year 2009 —

Current Payroll year must be 2009 to run a 2009 payroll using 2009 tax table
Pay runs will automatically switch to 2010 calculations (no Close Year!) when you open a company's first pay period in Current Payroll year 2010 —
Current Payroll year must be 2010 to run a 2010 payroll using 2010 tax table
— and once you post this first 2010 pay run, you can't go back to run payrolls in pay year 2009 for this company.

Note:

You aren't committed to 2010 for a company until you post the first 2010 pay run for that company. If you run Calculate Payroll for 2010 (but haven't posted yet), then you realize that you haven't finished 2009 payrolls yet, you can delete that first unposted 2010 pay run (in Close Pay Period Checklist). Then you can start a new pay period in Current Payroll year 2009.

Be sure you have completed all the company's 2009 pay transactions before you complete (i.e., post) a pay period in 2010 in that company.

Remember:
  1. Don't close the quarter for a company until you are sure you have completed all Payroll data entry, including Payroll adjustments, for 2009.
  2. Payroll does not need to close the Current Payroll year. There is no Close Year command.
  3. You can print W-2s, 941s — any report — for any payroll year at any time.
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