2014 Year End updates for Dynamics GP

By Tracey BrinkmanAccounts Payable, Microsoft Dynamics GP, PayrollWith 0 comments

2014 Year End updates for Dynamics GP

It is that time! 2014 Year End Updates are available for Microsoft Dynamics GP 2010 and GP 2013

Microsoft has announced the release of the 2014 Year End Updates, available for download.

2015 Round 1 tax updates will be available mid-December (table change only)

The U.S. 2014 Year-End Update contains software changes to allow you to comply with 2014 filing requirements as well as the most recent fixes for Microsoft Dynamics GP and other quality report fixes related to the payroll year-end. This update also contains information related to the Affordable Care Act, for which new reporting requirements will go into effect at the end of 2015.

Year-End Update Changes include the following:

  • There are no W-2 Form Changes (none required)
  • EFW2 changes (Electronic Filing)
  • Product Quality Fixes around Payroll Year-End
  • W-3 Form Changes
  • 1099 Interest – form and application changes
  • 1099-R distribution code changes
  • Fixed Asset Luxury Auto Depreciation changes
  • Affordable Care Act Changes

 

If you run Dynamics GP Payroll, it is recommended that the update be installed after you cut checks for the final payroll of 2014 and prior to the first payroll checks are run for 2015.

iSolutions Partners customers that would like to schedule for us to assist with installing the Year-End update, please contact us to schedule a time: support@isolutionspartners.com

Also for iSolutions Partners customers: Don’t forget to register for Part II of our year end webinars.

Thursday, December 18th at 11AM

The webinar topic for December is Year End procedures for:

  • Payables Management & 1099s & 1096s
  • Payroll & W-2s

 

See our previous posts at: http://www.isolutionspartners.com/resources/dynamics-gp-blog-for-indiana-and-wisconsin/