When generating tax reports (like 941 report), the payroll-related taxes that a company/employee remits to the government are constraint within a yearly limit. If the total wages of an employee is below the limit, it will not be subjected to tax. On the contrary, over the limit means the company or employee has to pay a tax.
Every year the limit changes and most of the time it increases. The change is usually governed by the US government. This means, each year VisionCore needs to make sure the internal table for the limits is increased. If that is outdated, it causes wrong calculation of the tax reports.
Now, WH32, a third party control, has introduced a new feature wherein the component stores the current tax limits. This will help users to always remember to update the WH32 component more often than inserting the limits.
On VisionCore’s part, Form 941 report is enhanced so that it will retrieve the limits from the WH32 component instead of the VisionCore table ( tblPRPayCheckSSLimit ). So when you run a Form 941 report from VisionCore build 614, the data is the same when you run Form 941 on VisionCore build 615 as long as you have the same records for printing.
This is a Form 941 report printed using build 614.
This is a Form 941 report printed using build 615.
Reference: Project 1140