2018 Tax Law Changes


Release Date: 12/29/2017

The 2018 tax reform law went into effect December 22, 2017. These changes affect how Federal Withholding taxes are calculated within the Elliott Payroll module.

Personal exemptions, including exemptions available for qualified dependent children and relatives, have been repealed. The personal exemptions setting can be found in the Employee Maintenance screen, field 35.



The valid entries for this field are:

1. 99 to indicate the calculate payroll application should only use field 40 (added FWT) as the FWT amount
2. 98 to indicate that the Added FWT field is a fixed percent used to calculate FWT for the employee
3. Otherwise, this field should be set to zero to indicate that no special FWT calculation is required

The Federal Withholding Allowance can be found in the Payroll Setup Application in field 1 on the Federal Tax Table screen.



This amount should be set to zero.

This Knowledge Base article will be updated once the IRS releases new guidance on payroll deductions in the new year. 

CLS

Payroll

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  4. CHECKREC Payroll Processing Check Reconciliation Overview
  5. CLEAREMP Payroll Processing Clear Employee Totals Overview
  6. DEDCDMNT Payroll Deduction/Earning Code File Maintenance
  7. EMPAUD Payroll Employee Audit Trail Report
  8. EMPTXMNT Employee Tax Code File Maintenance
  9. PRACTMNT Payroll PR Account File Maintenance
  10. PRCHECKS Payroll Post Payroll Checks
  11. PRCHKSCN Payroll Check Reconciliation Report
  12. PRDSTSCN Payroll PR Distribution to G/L Report
  13. PRFRQENT Payroll Calculate Payroll
  14. PRHSTMNT Payroll L and I Code History File Maintenance
  15. PRJBASCN Payroll Job Analysis Report
  16. PRJBDSCN Payroll Job Distribution Report
  17. PRJOBMNT Payroll Job Code File Maintenance
  18. PRLIMNT Payroll L and I Code File Maintenance
  19. PRQTRSCN Payroll Quarterly Payroll Report
  20. PRRPTMNU Payroll Employee Reports
  21. PRSFTMNT Payroll Shift Code File Maintenance
  22. PRW2SCN Payroll W-2 Information File Maintenance
  23. EMPMNT Payroll Employee File Maintenance 1
  24. EMPMNT Payroll Employee File Maintenance 2
  25. EMPMNT Payroll Employee File Maintenance 3
  26. EMPMNT Payroll Employee File Maintenance 4
  27. EMPMNT Payroll Employee File Maintenance 5
  28. EMPMNT Payroll Employee File Maintenance 6
  29. EMPMNT Payroll Employee File Maintenance 7
  30. EMPMNT Payroll Employee File Maintenance 8
  31. EMPMNT Payroll Employee File Maintenance 9
  32. EMPMNT Payroll Employee File Maintenance: Index
  33. PRCTLMNT Payroll PR Setup 1
  34. PRCTLMNT Payroll PR Setup 2
  35. PRCTLMNT Payroll PR Setup 3
  36. PRCTLMNT Payroll PR Setup 4
  37. PRCTLMNT Payroll PR Setup: Index
  38. PRHISTSC Payroll History Reports 1
  39. PRHISTSC Payroll History Reports 2
  40. PRHISTSC Payroll History Reports 3
  41. PRHISTSC Payroll History Reports 4
  42. PRHISTSC Payroll History Reports: Index
  43. PRMANMNU Payroll Manual Transaction Processing 1
  44. PRMANMNU Payroll Manual Transaction Processing 2
  45. PRMANMNU Payroll Manual Transaction Processing 3
  46. PRMANMNU Payroll Manual Transaction Processing 4
  47. PRMANMNU Payroll Manual Transaction Processing: Index
  48. PRMENU Payroll Package Overview 1
  49. PRMENU Payroll Package Overview 2
  50. PRMENU Payroll Package Overview 3
  51. PRMENU Payroll Package Overview 4
  52. PRMENU Payroll Package Overview 5
  53. PRMENU Payroll Package Overview 6
  54. PRMENU Payroll Package Overview 7
  55. PRMENU Payroll Package Overview: Index
  56. PRTAXMNT Payroll State/City Tax Code File Maintenance 1
  57. PRTAXMNT Payroll State/City Tax Code File Maintenance 2
  58. PRTAXMNT Payroll State/City Tax Code File Maintenance 3
  59. PRTAXMNT Payroll State/City Tax Code File Maintenance 4
  60. PRTAXMNT Payroll State/City Tax Code File Maintenance: Index
  61. PRTIMMNU Payroll Time Transaction Processing 1
  62. PRTIMMNU Payroll Time Transaction Processing 2
  63. PRTIMMNU Payroll Time Transaction Processing 3
  64. PRTIMMNU Payroll Time Transaction Processing 4
  65. PRTIMMNU Payroll Time Transaction Processing: Index
  66. 2018 Tax Law Changes

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