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Louisiana State Tax Update

PostedFebruary 6, 2025
UpdatedFebruary 6, 2025

Important Update on Louisiana Tax Withholding

The State of Louisiana has updated the calculation for their tax withholding, effective January 1, 2025. To accommodate this change, the following updates have been implemented in Accounting Master:

Packages | Payroll | Tax Table | State Taxes: A field labeled “Standard Deduction” has been added to the screen in the Tax Type Information section. This field is available for all Tax Types. The Standard Deduction field will only appear on the screen and should only be applied when the Effective Date is greater than or equal to January 1, 2025.

Packages | Payroll | Employee | Worked State Taxes: A new type, “No Standard Deduction,” has been added to the “Marital Status” dropdown menu for selection.

Table of Contents

 

Delinquents

No Penalty Option for Delinquents

A new “No Penalty” option is now available for delinquent accounts, so users have the ability to send a late notice to an account, but keep the account from getting a penalty. An Expire Date, Alert, and reports are available for accounts flagged No Penalty.

A No Penalty check box was added to the Credit Node of the Service Order, with a corresponding Expire Date drop-down calendar. When checked, the account can receive a delinquent notice, but will not get a late fee during the Penalties process. The Expire Date can be set to limit the amount of time the account is exempt from penalties.

A No Penalty Alert is available for both Inquiry and Payments at Maintenance | Common | Alerts, and will display in the Alerts window for any accounts flagged No Penalty.

The Non-Zero Balance Report found in the report’s menu of the Delinquent process, contains a new No Penalty column to aid in identifying No Penalty accounts.

The Credit Attributes report, and the Grid Report – Account can be used to discover accounts flagged as No Penalty. The Credit Attributes report has a new group box for No Penalty Options, and the Grid Report – Account includes No Penalty, and No Penalty Expire Date selections.