Every year-end Microsoft comes out with a “Year-End Update” and a “Tax Update” to keep payroll compliant and accurate. This gives you updated tax rates, FICA limits, and makes any changes to W2/W3 forms needed to get through year end.
The same updates are available this year but there’s a new wrinkle: new reports and fields for tracking the Affordable Care Act will be needed for calendar year 2015. You’ll have to file these reports at end of year in 2015 but you’ll be tracking information throughout the year. Certain versions of Microsoft Dynamics GP will get the year-end update and others will get the ACA updates, while others get both.
Confused? You’re not alone.
Here’s a rundown of what you need to know.
Year End Payroll Update?
ACA code with year-end update?
GP 10 and Prior
Yes (Last one!)
Microsoft Dynamics GP 10.0
Microsoft Dynamics GP 10.0 is no longer covered by mainstream support.
Microsoft Dynamics GP 2010
Mainstream Support for Microsoft Dynamics GP 2010 will end on 10/13/2015 which means that at that point in time, you will no longer receive tax and year end updates.
NOTE: The 2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2010 *will not* contain the Affordable Care Act Changes.
Microsoft Dynamics GP 2013
Mainstream Support for Microsoft Dynamics GP 2013 will end on 4/10/2018 (whew!) which means you receive tax and year end updates until that time. NOTE: The 2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2013 *will* contain the Affordable Care Act Changes.
Microsoft Dynamics GP 2015
This is where it gets interesting. Yes, you’ll receive tax and year end updates. HOWEVER: The 2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2015 *will not* contain the Affordable Care Act Changes – at least not right away. You’ll get those updates in early calendar 2015, but perhaps not until February.
The good news is that we have options, but everyone will need to chart a course that makes sense for them.
Year-end closing procedures for the Payroll module in Microsoft Dynamics GP are found in KB 850663: http://support.microsoft.com/kb/850663
Tax Forms – 800-432-1281 http://www.microsoftbusinesschecks.com
IRS Forms and Publications http://www.irs.gov/formspubs/index.html
YEAR-END UPDATE LINKS: Here are the Year-End Update pages which will provide you with documentation and installation instructions:
2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2013 Download Pages:
2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2010 Download Pages:
TAX UPDATE LINKS: Use these links to access the latest (and previous) Tax Updates:
Latest U.S. Payroll Tax Update for Microsoft Dynamics GP2013:
Latest U.S. Payroll Tax Update for Microsoft Dynamics GP 2010:
If you need help with your Microsoft Dynamics GP Payroll Year-End, please contact us. Alta Vista Technology is your partner you can rely to provide deep local and technical knowledge, contact us to learn more.