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You are here: List of Changes > December 31, 2024

List of Changes
GMS Accounting Revision – Version 2.4.102.195
December 31, 2024

​2.4.102.195 List of Changes
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Payroll

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.

Payroll Supplements​

Supplement #517 - Retirement Report

New: You can now set up 6 different retirement plans on the Retirement Plan Matrix tab.

Accounts Payable
AP Supplements​

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.