Sage Abra Customer Alert: Stimulus Plan
ARRA Economic Stimulus Changes & Implications to Sage Abra HR Software
On Tuesday, February 17th, the President signed the American Recovery and Reinvestment Act (ARRA), also known as the 2009 Economic Stimulus Plan, into law. Due to the scope of the Plan, there are many legislative changes coming in the ARRA. Several of the provisions will require updates to both our Sage Abra and Sage Abra SQL HRMS offerings.
Our Sage Compliance team has been reviewing the legislation so that we can quickly notify you, our customers and partners, of the upcoming changes to the law. The following action items have already been addressed by our Compliance team:
- Changes to the Federal Tax Rate. This will be included in a Service Release that we plan to have available no later then March 6th, 2009 and will also be included in the 1st Quarter Tax Update for 2009.
- Changes to EIC (Earned Income Credit.) This will also be included in our March 6th Service Release and in the 1st Quarter Tax Update for 2009.
- Changes to Form 941 updates to accommodate the new COBRA subsidy data on the form. This will be added to Sage Abra in the 1st Quarter Tax Update for 2009.
During the rollout of ARRA, our Compliance team will continue to monitor the requirements to ensure timely and accurate implementation of the new laws as they are finalized and put into effect.
Please Contact Dresser & Associates with any questions or concerns regarding any of these issues.
