2023 Tax Table Updates Installation Instructions - FarmBooks 4.x Users

The instructions below will guide you through the installation of the 2023 Tax Table Update.

This process will overwrite your existing tax table. The tax table will be copied from the "default" folder for the application. The values you defined for farm automobile, farm utility, and unemployment taxes will be saved and restored.

We are pleased to release the 2023 Tax Table update for FarmBooks. This update is based off the tables published by the IRS. Please take time and review your payroll checks and calculations to confirm that all calculations are correct.


Attention  Explanation of 2023 changes

Please see the screen shot below for an explanation of the 2023 rate changes.
Screen Shot

Click to enlarge
Are you running FarmBooks outside of Kansas?

We have included the tax table information for Kansas.

If you are running payroll in another state please contact us for assistance so that we can carry over your state income tax rates.


Attention  Need to download the update to take with you?

Some users need to download the Tax Table Update to take to a computer which does not have internet access. If you are one of those users, please click here for update instructions and to download the file.


Step 1: Backup FarmBooks

1. Open FarmBooks

2. Close your farm if open by clicking File: Close Farm
Step 2


3. Backup your database by clicking File: Backup
Step 3


4.Select your farm database(s) to backup and click Next.
Step 4


5. Verify your backup folder and click Finish.
Step 5


6. After the backup is completed, click OK and then close out of the backup screen.
Step 6


Step 2: Run "Update Tax Table" from within FarmBooks

For Version 4.0.6.6 or later use below:

1. Click Year-End: Complete ALL Year-End Tasks
Step 1

For Version 4.0.5.0 to 4.0.6.5:

1.Click Year-End: Step 2:Update Tax Table...
Step 1

For Version 4.0.4.x or earlier use below:

1.Click Utilities: Update Tax Table...
Step 1

  

2. The Update Tax Table Wizard will load. Select the "Download via Internet Connection" radio button and then click Next.
Step 2


3. Choose a farm you want to apply an update to or select all farms and click Next
Step 3


4. Once completed, click OK and then Done
Step 4


5. FarmBooks is now updated with the 2023 Tax Rates.