Difference between revisions of "Year End"

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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>
 
==Payroll==
 
 
<p>UPDATED 12/29/2020:</p>
 
<p>Since there are no changes to either the W-2 or W-3 forms this year, Keystone 3.2.2 and higher will correctly print these forms.</p>
 
<p>Keystone 3.6.21 and higher includes 2021 tax rate changes to federal and some state taxes. See the [[New Keystone Releases|Release Notes]] for more information.</p>
 
<p>For State and Federal E-Filing of W-2s and other tax forms Keystone will rely directly on our 3rd party provider. Further information will be provided here when an update is ready which will support E-Filing of these forms for 2020.</p>
 
 
<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>
 
 
 
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<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 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==
 
==Accounts Payable==

Revision as of 14:48, 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.

Accounts Payable

Remember to run Year End prior to printing 1099 forms (see AP: Year End).

Payroll: Year End
Payroll: ACA Reporting
Ordering Tax Forms
W-2 Filing Web Service New Premium Option!
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