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
Confused? You’re not alone.
Here's a rundown of what you need to know.