Difference between revisions of "Year End"
| Line 7: | Line 7: | ||
===Payroll=== | ===Payroll=== | ||
| − | <p>Be sure to update to Keystone 3.6. | + | <p>Please update Keystone to the latest version throughout the month of January to make sure you have the latest federal and state tax rates.</p> |
| + | <p>Be sure to update to Keystone 3.6.3 or higher prior to printing/electronically filing W-2s.</p> | ||
| + | <p>Support for electronic filing of ACA 1094/1095 forms will be provided in a future Keystone release.</p> | ||
<!-- | <!-- | ||
<p>Keystone 3.6.4 includes a fix to the 2020 tax rates for AL.</p> | <p>Keystone 3.6.4 includes a fix to the 2020 tax rates for AL.</p> | ||
<p>Keystone 3.6.4 includes updated 2020 tax rates for CA, IL, KY, MI, MN, ND, OR, SC and VT. Further states will be updated in subsequent Keystone versions.</p> | <p>Keystone 3.6.4 includes updated 2020 tax rates for CA, IL, KY, MI, MN, ND, OR, SC and VT. Further states will be updated in subsequent Keystone versions.</p> | ||
--> | --> | ||
| − | |||
===Accounts Payable=== | ===Accounts Payable=== | ||
Revision as of 19:25, 8 January 2020
Preliminary Notes for 2020 ACA Fines for Late Filing are Severe -- Do Not Procrastinate!
It is important to update Keystone to the latest release so you will have the latest year end changes. Expect further updates as new tax rates and other information become available to us.
Contents
Payroll
Please update Keystone to the latest version throughout the month of January to make sure you have the latest federal and state tax rates.
Be sure to update to Keystone 3.6.3 or higher prior to printing/electronically filing W-2s.
Support for electronic filing of ACA 1094/1095 forms will be provided in a future Keystone release.
Accounts Payable
Remember to run Year End prior to printing 1099 forms (see AP: Year End).
|
W-2 Reporting
We strongly recommend that all payroll customers transition to W-2 Filing Web Service whether printing or e-filing. This will be the only option available for 2020 year end!
ACA Reporting - 1095-C
Preparing Keystone Data for 1095
- Employee Maintenance contains an "ACA" tab for employee level entries related to the ACA Payroll: Employee File Maintenance
- Company Maintenance contains an "ACA" tab for the entry of company level ACA information Payroll Company Maintenance
