Microsoft Dynamics GP Payroll Year-End 2014

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.

 

Version

Year End Payroll Update?

ACA code with year-end update?

GP 10 and Prior

No

No

GP 2010

Yes (Last one!)

No

GP 2013

Yes

Yes

GP 2015

Yes

No

 

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.

ADDITIONAL RESOURCES

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:

https://mbs.microsoft.com/partnersource/northamerica/deployment/downloads/tax-regulatory-updates/usgpye2013

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/usgpye2013

2014 U.S. Payroll Year End Update for Microsoft Dynamics GP 2010 Download Pages:

https://mbs.microsoft.com/partnersource/northamerica/deployment/downloads/tax-regulatory-updates/usgpye2010

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/usgpye2010

TAX UPDATE LINKS:  Use these links to access the latest (and previous) Tax Updates:

Latest U.S. Payroll Tax Update for Microsoft Dynamics GP2013:

https://mbs.microsoft.com/partnersource/northamerica/deployment/downloads/tax-regulatory-updates/TUGP2013

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/TUGP2013

Latest U.S. Payroll Tax Update for Microsoft Dynamics GP 2010:

https://mbs.microsoft.com/partnersource/northamerica/deployment/downloads/tax-regulatory-updates/TUGP2010

https://mbs.microsoft.com/customersource/northamerica/GP/downloads/tax-regulatory-updates/TUGP2010

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.