The 23.1 version of CAS is now available from the Solution Center or via the auto-update feature in CAS. It includes the following regulatory updates.
Regulatory Updates
The following regulatory information is now available for Client Accounting Suite and Client Accounting Suite Premier:- 2023 Federal Forms update
- 940, 943, and 944
- W-2, W-3, 1096, 1098, and 1099s
- Reminder that W-2, W-3; 1099-MISC paper only; 1099-NEC, both paper and electronic must be filed by January 31, 2024.
- W-2 and 1099 federal and state electronic filing formats
- ACA forms 1094-B, 1094-C, 1095-B and 1095-C
- Review the Year End Guide (available on the Help menu) for all end-of-year questions and procedures.
- 2024 Federal Withholding Rates
- The 2024 Federal withholding changes are included in this update. (Based on IRS Draft of Publication 15-T and will be updated in January 2024 if IRS makes additional changes.)
- For 2024, the employee and employer tax rate for Social Security continues at 6.2%. The Social Security wage base increases to $168,600.
- The Medicare Tax rate remains at 1.45% for 2024. There is no wage base limit for Medicare tax.
- The Additional Medicare tax of .9% continues for 2024 on earnings over $200,000 for all taxpayers.
- 2024 State Withholding Rates - The following state withholding calculations have been updated for 2024:
- Arkansas
- California
- Connecticut
- Iowa
- Kentucky
- Maine
- Minnesota
- Missouri
- Montana
- Nebraska
- Oklahoma
- Rhode Island
- South Carolina
- Note: As other states change their rates for 204, we will provide updates on the support website.
- Reminder: Be sure to update the state wage limit in the State Setup before processing payrolls for 2024.
- Review the Year End Guide for all Regulatory questions and procedures. The Year End Guide is available on-line in PDF format from the Help Menu.
Software Updates
- Note: The ATX and TaxWise 2023 Tax Exports and Imports for 2024 QuickBooks and Sage (Peachtree) will be available in the January 2024 update.
Scheduled Updates
- January 2024 - Client Accounting Suite 23.2 - State Withholding and form update
