Wednesday, January 6, 2016

Upcoming U.S. Payroll Tax Updates for 2016

Happy New Year Everyone!
  
We hope you all had a joyous holiday and spent time with family and friends.

There are some changes and updates coming that we want to make you
aware of....

REMINDER: There is NO year-end update or tax update available for
GP 2010.  ONLY GP 2013 thru GP 2015R2 will receive updates.  If you are
on GP 2010 or below, you will need to upgrade in order to receive year-end
and/or payroll tax updates.
  
1. Recently, the president signed the bill Path 2015 for tax relief. 
At a glance, Microsoft says it may affect Fixed Assets depreciation values but
will know more as they research further.  For your reading pleasure, here is
2. The 2016 941 Draft form has been released.  Microsoft is reviewing this
for changes.  We will know more later on.  View it here.
3. U.S. Payroll Round 2 Tax Update for 2016:  Microsoft is looking to
release this middle of January.  This will be a code update for the states
identified as such, otherwise no need for code.
  • Alabama - code change
  • District of Columbia
  • Maine - code change
  • Missouri
  • North Dakota
  • Oregon
  • Rhode Island
  • Vermont
4. Affordable Care Act (ACA): HERE is a blog for you to read and
HERE is a video for you to watch if you are using ACA in Dynamics GP.
If you are running ACA on Dynamics GP and getting many employees
printing with zero after you install the update…check this blog for scripts.  
Also attached is an ACA document that talks about "Inactive" and how
to better remove them.
5. January Hotfix Scheduled…..There will be a code update in
January for both GP2013 and GP2015 to coincide with the code
changes for the states above.  Microsoft may also include some critical
bugs in there for GP2015, specifically around self-service and the
template PDF issues many are running into should be fixed.

If you have any questions, please do not hesitate to email
support@collinscomputing.com or call (888) 391-6690.