Difference between revisions of "Year End"
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(User moved page Year End to Year End 2018) Tag: New redirect |
(Removed redirect to Year End 2018) Tag: Removed redirect |
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| − | # | + | <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> | ||
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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> | ||
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| + | ===Payroll=== | ||
| + | <p>Be sure to update to Keystone 3.5.5 or higher prior to printing/electronically filing W-2s.</p> | ||
| + | <!-- | ||
| + | <p>Keystone 3.6.4 includes a fix to the 2020 tax rates for AL.</p> | ||
| + | <p>Keystone 3.5.6 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> | ||
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| + | {| | ||
| + | | | ||
| + | :'''[[Payroll: Year End]]''' | ||
| + | :'''[[Payroll: ACA Reporting]]''' | ||
| + | | | ||
| + | :'''[[Ordering Tax Forms]]''' | ||
| + | :'''[[W-2 Filing Web Service]]''' New Premium Option! | ||
| + | | | ||
| + | :'''[[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. <b>This will be the only option available for 2020 year end!</b> | ||
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| + | ==ACA Reporting - 1095-C== | ||
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| + | <p>Keystone 3.5.8 includes a fix to skip employees terminated prior to the beginning of 2019.</p> | ||
| + | <p>Keystone 3.5.7 has been updated for printing/e-filing 2019 ACA 1094/1095 forms.</p> | ||
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| + | ===Print Only 1095-C=== | ||
| + | For companies that do not need to E-File Keystone has the ability to print 1095-C forms. However you should consider using the new web processing service (see below) even if you're just printing forms. For a small fee per employee you can eliminate the hassle of printing and mailing the forms in-house. | ||
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| + | ===E-File 1094-C/1095-B/1095-C=== | ||
| + | <p><i>NOTE: You must update to Keystone {Release Pending} or higher to use this feature.</i></p> | ||
| + | For 2019 we continue to use the same an advanced online service as 2017 that provides much greater accuracy and legal protection as well as greater convenience. For more information: [[Payroll: ACA Reporting 2019]]. | ||
| + | --> | ||
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| + | ===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]] | ||
Revision as of 17:02, 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
Be sure to update to Keystone 3.5.5 or higher prior to printing/electronically filing W-2s.
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
