July 2016 Payroll Tax Update for Sage BusinessVision 2015 and 2014 Now Available

The July 2016 Payroll Tax Update for Sage BusinessVision 2015 and Sage BusinessVision 2014 is now available for download. 

Please note, upon installation of this update you will be prompted for a password. You will be receiving an email with the password, if you need the password immediately please email us at [email protected]

If you have questions regarding the status of your Payroll Update Plan, please contact Sage Customer Care at 866.725-0724option 1. If you require assistance with installing the update, please contact Sage Customer Support:

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Sage City: Sage BusinessVision Community
Email: [email protected]
Tel: 800.215.5395

How to Download

  1. Navigate to the Sage knowledge base located at https://support.na.sage.com
  2. Click Logon located at the top right and login with your credential.
  3. Once logged in you can locate the download KB article with the link to download by following one of two methods:

Method 1:

  1. Enter the KB number 76752 in the search field and click the magnify glass icon to search.
  2. The search will return an article titled: Download Sage BusinessVision July 2016 Payroll Update.
  3. Click the article to load it, within the article click the Download now button to begin the download.

Method 2:

  1. Click the red My downloads link located near the top right and select Sage BusinessVision.
  2. Scroll to the middle of the page and under Latest updates click Download Sage BusinessVision July 2016 Payroll Update for Sage BusinessVision 2015 and 2014.
  3. Within the article click the Download now button to begin the download. 

How to update your payroll tables

Although the update does not affect your data files, we strongly suggest that you make a back-up copy of your data files regularly and before any updates for your protection. Network users should ensure they are the only users on the system when performing this update or while making back-ups. You can verify that the Sage BusinessVision Payroll Update has been implemented by reading the tax table date available in System Info. From the “Help” menu, choose “About Sage BusinessVision” and then click on the “System Info” button. The “Tables” date should be “Jul-2016”.

  1. Make a complete back-up of all data files.
  2. Double click the payroll update executable package to begin.
  3. When prompted, enter the password to install the BusinessVision payroll update and click the “Next” button.
  4. On the Welcome dialog, click the “Next” button, and then click the “Yes” button to make changes to the Sage BusinessVision program directory. The update will run automatically and will only take a few minutes.
  5. Click the “OK” button to confirm that the installation is complete. If you are prompted to reboot your computer, do so before running Sage BusinessVision.
  6. Sign-on to Sage BusinessVision and from the “Help” menu, choose “About Sage BusinessVision” and then click on the “System Info” button. The “Tables” date should be “Jul-2016”.

Note: This update must be performed on all workstations running Sage BusinessVision.

Performing a TD1 Revision

TD1 revision required for employees in Prince Edward Island

The Prince Edward Island budget, tabled on April 19, 2016, announced that effective January 1, 2016, the province will increase the basic personal amount to $8,000 from $7,708. Since $7,708 has been used for employees for the first six months of this year, a basic personal amount of $8,292 will be applied for the remaining six months commencing with the first payroll in July. In order to have the prorated amount applied, perform the TD1 Revision function that automatically adjusts the tax credit amounts for the affected employees.

  1. From the “Utilities” menu, choose “Payroll Setup > TD1 Revisions”.
  2. Ensure that the indexation factor is 1.000
  3. Click the “OK” button. The system will make the necessary adjustments.

This process will also automatically update certain Provincial Claim amounts. Do not run the TD1
revision process more than once.

Changes reflected in the July 2016 Payroll Update

The July 2016 tax update contains modifications to payroll tax tables and calculations that are used by Sage BusinessVision. These modifications reflect the income tax changes announced by the Canada

Revenue Agency (CRA) that are effective July 1, 2016. To find out more about all the tax changes, or to obtain any updated TD1 forms for July 2016, please contact your tax consultant or government tax offices. You can also visit the CRA Web site: http://www.cra-arc.gc.ca.