Summary
Steps to update employee personal tax credit claims in Sage 50 Accounting .
Description
Verify the Employee claim amounts by completing a TD1 form.
Resolution
Bulk update
- Go to Maintenance, Update Employee Claims....
- Choose Federal.
- Check each employee you want to update and click Update Basic Personal Amount.
- Change to Provincial.
- Check each employee you want to update and click Update Basic Personal Amount.
- Click OK.
- To increase the existing value in the Other Indexed Amounts (optional).
- Select the required Employee checkboxes.
- Choose Amount or Factor.
- Enter the required value and click Update Other Indexed Amount.
Manual update.
- Navigate to the Employees & Payroll module.
- Open each individual employee records.
- Click the Taxes tab.
- In the Personal Tax Credits section, update Basic Personal Amount, Other Indexed Amounts.
- Update Non-Indexed Amounts if applicable under the Federal and Provincial columns