How do I update tax tables in Sage 50?

Instead of printing your federal and state payroll deposit forms, you can choose to file them electronically (e-file). The Sage 50 complete W-2 e-filing service conveniently processes your forms and distributes them to the appropriate taxing agencies, saving you time and ensuring you follow federal and state regulations.

You can use the W-2 e-filing service even if you don’t have the e-filing add-on. All you need is a current Sage Business Care Gold or Sage Business Care Platinum plan.

To e-file federal tax forms and payroll deposits (such as 940, 941, 941B, 943, 945, and more than 230 state forms and payroll deposits), you need a current Sage Business Care Gold or Sage Business Care Platinum plan with an e-filing subscription.

Sage 50 (Peachtree) 1099 E-File

1099 E-File for Sage 50 (Peachtree) including software, free downloads, and instructions. Support for 1099 Miscellaneous, Interest, Dividends, Real Estate, Retirement, Tuition, Mortgage Interest, Merchant Card, Cancellation of Debt, Barter, Acquisition of Secured Property, and other 1099s.

Our W2 Mate software is one of the very few (if not the only) software that has a dedicated 1099 import functionality for Sage 50 (formerly Peachtree) with the ability to remap data to different types of Sage 50 1099 forms. For example, 1099 data inside Sage 50 can be in the format of 1099-MISC, W2 Mate can import the data and allow the user to remap the data to 1099-R or 1099-S and then E-File with the internal revenue service and state tax departments that require filing 1099s electronically.

Update Sage 50 Program

If you have a Sage 50 server that is being used on one or more workstations, you will have to close the Sage 50 on all workstations before you head to install the updates on your server.

I: Check for updates within the program

Step 1: Go to the Services menu within the application, Check for Updates and then click on the Check Now option.
Step 2: To download the update, users will have to click on Download.
Note: If the Download prompt does not appear, close Sage 50, right-click the Sage 50 program icon, choose “Run as Administrator,” then Check for Updates again.
Step 3: To start the installation process, you will have to close Sage 50.
Step 4: To install the update, users will have to follow the on-screen instructions.
Step 5: If the installation prompt does not get appear, then the user can move forward to find the solution in Option II

II: Manually install service releases and tax updates

Step 1: Close the Sage application.
Step 2: Click the Windows Start button and type File Explorer in the Search field, then pressing Enter, you may access File Explorer.
Step 3: Browse to the Updates column from the data path.
Step 4: Right-click the latest Service Release or Tax Update, and then select Run as administrator.
Note: If the update file is missing, you can download updates manually.
Step 5: To install the update, follow the on-screen instructions.
Step 6: Once you’ve installed the latest updates, Open Sage after the update is finished.
Step 7: To verify the update installed, go to the Help section, and then select the About Sage 50 option.

III: Tax Forms Updates

Step 1: Open Payroll Tax Forms on a computer that is connected to the Internet. The update should install automatically, but if it does not, you can manually download it.
Step 2: Now, you must select the Manually install tax form updates

IV: Update client-pc to a New Year Version using ClientInstall.bat

After using any one of the methods above to update the Server to a New Year version, i.e. upgrade sage from an older to the new version, the file permissions for the folder
“PeachtreeInstaller20XX” (i.e. PeachtreeInstaller2020) will be adjusted to allow for Execute access.

Sage 50 Payroll Tax Update

The Sage 50 (Peachtree) Payroll Tax Service updates are automatically downloaded and installed by the Sage 50 (Peachtree) Accounting software program. Sage 50 (Peachtree) release 2023 will download the tax update file and will automatically install when Sage 50 (Peachtree) is closed on each workstation, like the way Service Release updates are automatically installed upon exiting Sage 50 (Peachtree).

Payroll Tax Table Information

A payroll tax table is software that informs the payroll function within your Sage 50 Accounting system of the appropriate amounts to withhold and report. Using Sage 50 Accounting and its payroll tax tables helps you manage payroll more quickly and easily than doing the calculations manually; it's also much less expensive than subscribing to an outside payroll service.

Because federal, provincial, and local payroll tax rates change frequently, it's important that you keep your payroll tax tables up to date to ensure accurate payroll withholding and reporting.

Benefits of using Sage 50 Accounting and its payroll tax tables:

Manage payroll more quickly and easily than doing the calculations manually
Less expensive than subscribing to an outside payroll service
More accurate payroll withholding and reporting

With Sage Business Cloud Payroll, you can be confident that your service is always up to date with the latest legislation as it's automatically updated with the rates and thresholds for the new tax year.