Year End
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
UPDATED 12/29/2020:
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.
Keystone 3.6.21 and higher includes 2021 tax rate changes to federal and some state taxes. See the Release Notes for more information.
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.
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
