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> | ||
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<p><b>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.</b></p> | <p><b>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.</b></p> | ||
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| + | ==Payroll== | ||
| + | <p><b>Be sure to update to Keystone 3.6.2 or higher prior to printing/electronically filing W-2s.</b></p> | ||
| + | <p><b>Be sure to update to Keystone 3.6.5 or higher prior to printing/electronically filing ACA 1094/1095 forms.</b></p> | ||
| + | <p><b>Be sure to update to Keystone 3.6.5 or higher prior to printing/electronically filing ACA 1094/1095 forms.</b></p> | ||
| + | <p><b>Keystone 3.6.5 and higher supports the new 2020 W-4 form.</b></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> | ||
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| + | ==Accounts Payable== | ||
<p>Remember to run Year End prior to printing 1099 forms (see [[AP: Year End]]).</p> | <p>Remember to run Year End prior to printing 1099 forms (see [[AP: Year End]]).</p> | ||
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==W-2 Reporting== | ==W-2 Reporting== | ||
We strongly recommend that all payroll customers transition to [[W-2 Filing Web Service]] whether printing or e-filing. <b>This will be the only option available for 2020 year end!</b> | We strongly recommend that all payroll customers transition to [[W-2 Filing Web Service]] whether printing or e-filing. <b>This will be the only option available for 2020 year end!</b> | ||
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Latest revision as of 14:53, 7 January 2021
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.
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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!
