Difference between revisions of "Year End"
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<span style="color:#FFFFFF; background:#FF0000; font-size:30">Preliminary Notes for 2020</span> | <span style="color:#FFFFFF; background:#FF0000; font-size:30">Preliminary Notes for 2020</span> | ||
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<span style="color:#FFFFFF; background:#FF0000; font-size:50">ACA Fines for Late Filing are Severe -- Do Not Procrastinate!</span> | <span style="color:#FFFFFF; background:#FF0000; font-size:50">ACA Fines for Late Filing are Severe -- Do Not Procrastinate!</span> | ||
Revision as of 16:19, 6 April 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
Be sure to update to Keystone 3.6.3 or higher prior to printing/electronically filing W-2s.
Be sure to update to Keystone 3.6.5 or higher prior to printing/electronically filing ACA 1094/1095 forms.
Keystone 3.6.5 and higher supports the new 2020 W-4 form.
Please update Keystone to the latest version throughout the month of January to make sure you have the latest federal and state tax rates.
Accounts Payable
Remember to run Year End prior to printing 1099 forms (see AP: Year End).
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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
