GMS Accounting Software Revision – Version 2.4.102.195
December 31, 2024
2.4.102.195 List of Changes
2.4.102.195 List of Changes
The following tax changes are included for 2025.
2025 Federal Tax changes Pub 15T- Circular E
2025 Social Security Taxable wage base is $176,100.
The following states have been changed:
AL, AR, CA, GA, HI, IA, IN, KY, LA, MD, ME, MI, MN, MO, MS, MT, NE, NM, NC, OH, OR, RI, SC, VT,WV
2025 Ohio School District Tax Withholding changes.
2025 RITA Tax Withholding changes.
Supplement #517 – Retirement Report
New: You can now set up 6 different retirement plans on the Retirement Plan Matrix tab.
Supplement #330 – Complete 1099’s
Note: GMS now provides you with the option to create the 1099 MISC/NEC e-file for submission through the Information Returns Intake System (IRIS) for TY 2024.Â
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