I would like to thank everyone that attended FFCRA and Sage HRMS webinar on Friday April 3, 2020. A couple of items I would like to clarify for the Sage HRMS product:
- In Sage HRMS, the earning code can be set up as a flat or hourly. The code used for the earnings does not matter. However, the tax code (local tax code) must have the code CVIDSS and CVIDMD. For more information on setting up these local tax codes, see the Sage Knowledgebase article 104155.
- How to calculate 2/3 pay for COVID 19. You can manually calculate the amount or if you have a lot of employees, do an export, modify the export file and then import it back into Payroll.
The webinar this week (April 8th at 1:00 pm EST) will be a repeat, however we will be incorporating questions into the webinar from April 3rd webinar. In this weeks webinar, Mark Auchtung, the Manager of Research and Design at Sage, will be joining us for Questions and Answers.
To register for this webinar, click here, or go to https://get.sage.com/HRMSLearningSeries and register.
The questions and answers along with the handout is for guidance purposes only and is not intended as legal advice. We've made every effort to ensure the information is correct and up to date and recommend you do your own research and seek tax advice.
Without further ado, here is a list of Questions and Answers from April 3rd. Thank you for your patience while we were confirming some of the answers.
I would like to know if HRMS will be doing something so that COVIDSS and COVIDMD will be combined with USSS and USMED by employee to track 2020 wage base limits? Say if I have an employee that is close to meeting USSS limit for the year, will COVIDSS continue to accrue toward this limit for the employee?
For Sage HRMS product there will be a hotfix to recognize the cap for Social Security between the two taxes. This is scheduled to be released this week. Keep an eye out for a post on Sage City and an in product message. For any additional questions, I would suggest reaching out to Sage HRMS support.
I have created the earnings and tax codes per the webinar. I ran my first payroll today and now I am trying to make the tax deposits. When I go to Reports > Payroll > Government Reports and Select Federal Tax Deposit EFTPS I am taken through the Company Setup Wizard and being required to choose a State for COVIDMED & COVIDSS. I am not able to find any documentation that clarifies what to do here. I assume I should enter our home state, however, assumptions usually cause problems in the payroll world. Please advise on how to proceed?
I've confirmed with Aatrix that the recommendation is to map these items to a state, one you will not be processing your normal payroll through so you can get through the screen and to the point of filling and eFiling the form.
I did as you suggested and used a state we are not processing through to get through the screens. But it is not picking those amounts up on the 941 tax deposit. Are these taxes paid separately on another form and at another time?