The First Quarter 2009 updates for Sage Abra Suite are available today. Version 7.67 and Version 7.73 can be downloaded by Payroll customers from the Sage Abra Support site. The versions address the changes mandated by the American Recovery and Reinvestment Act (ARRA) 2009 including:
- The updated percentage method withholding tables have been implemented.
- The earned income credit percentage increase in 2009 and 2010 to 45% of the family's first $12,750 of earned income for families with three or more children.
- The additional annual wage amount when calculating the withholding for nonresident aliens increased to $7,180.
Please remember to backup your Abra system using your external backup procedure before installing your update. Updates should be installed prior to running your Trial Quarter Close process for First Quarter 2009.
Posted by Tim Ross
