Tech Support Alert: U.S. Payroll Round 4 tax tables have released – North Dakota

Microsoft announces the following important releases:

• Dynamics GP U.S. Payroll March 2015 Hot Fix
• Dynamics GP U.S. Tax Update Round 4
• Dynamics GP Canadian Payroll 2015 Mid-Year Update (Inclusive of the March Hot Fix and Fixes for ALL Versions)

Microsoft Dynamics GP U.S. Payroll 2015 March Hot Fix for supported versions 2013 and 2015

This hot fix provides reporting and program code changes for the ACA (Affordable Care Act) features in Microsoft Dynamics GP 2013 and Microsoft Dynamics GP 2015. It includes code changes for specific reporting requirements that your organization must generate and submit to the Internal Revenue Service (IRS) by February 28, 2016. The update must be installed on the server as well as every workstation that runs Microsoft Dynamics GP.

Businesses are required to submit Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, as well as Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns, if they meet the criteria for being an applicable large employer (ALE). See specifics on each type of form below:

Form 1095-C will be generated by employers with more than 50 full-time workers. The form, which employees will submit in 2016 with their 2015 tax returns, lists the number of full-time employees for each month and the coverage that’s available for each employee.

Note: Forms 1095-A and Form 1095-B also are part of the Affordable Care Act and are not part of this hot fix. Form 1095-B is filed by insurance companies; Form 1095-A is filed by health insurance exchanges that have been set up in some states.

Form 1094-C is also submitted to the IRS by ALEs and includes the following information:

• Employer identification, including address, phone number, employer identification number
• The number of people employed
• The name of a contact person
• The number 1095-C forms that employer has submitted to the IRS

The 2014 year-end tax update, released in December 2014, included four new windows that support compliance with the ACA that can help you collect and manage information that is submitted on Form 1095-C. The windows are:

• Health Insurance Setup window
• Health Insurance Enrollment window
• Employee Dependents window
• Affordable Care Act Codes window

To obtain the update, visit the links below:

Microsoft Dynamics GP U.S. Payroll March Hot Fix GP 2013

Microsoft Dynamics GP U.S. Payroll March Hot Fix GP 2015

For a complete list of fixes, please visit the following link:

March Hot Fix List of Changes

Note: Once the hot fix is installed, you can review the ACA data you’ve been tracking since applying the year end update by creating the Year End Wage file. You can create the file before the next payroll in your live system or preferably in a TEST company. This will allow you to assess the forms and the data you have captured to date, similar to reviewing your W2 information prior to closing. You can then simply remove the Year End Wage file.

Microsoft Dynamics GP U.S. Payroll Tax Update Round 4 for supported versions 2010, 2013 and 2015

This update is inclusive of all previous federal and state tax table changes for 2015. It includes tax changes for the state of New York (Round 3) and the state of North Dakota (Round 4).

The update includes table changes only and can be installed from any workstation. Round 4 is available and is all inclusive of any previous changes. Once the update is installed, go to Tools > Setup > System > Payroll Tax to confirm your new version numbers. The Last Tax Table Update should be 06/19/2015.

To obtain the update, launch Microsoft Dynamics GP and go to the Microsoft Dynamics GP Menu > Maintenance > US Payroll Tax Updates > Check for Tax Updates, or visit the links below:

Microsoft Dynamics U.S. Payroll Tax Update GP 2010

Microsoft Dynamics U.S. Payroll Tax Update GP 2013

Microsoft Dynamics U.S. Payroll Tax Update GP 2015

Note: The Round 3 tax update was replaced days later by Round 4 which includes the changes for both the state of New York and North Dakota.

Dynamics GP Canadian Payroll 2015 Mid-Year Update (Inclusive of the March Hot fix Plus Fixes for ALL Versions)

Don’t be fooled by the Canadian Payroll label on this latest update. It can be installed for all supported versions GP 2010, GP 2013, and GP 2015 as it contains fixes for all issues including some recent issues for GP 2015 R2 – see Known Upgrade Issues for GP 2015.

Please check out the blog below for more information on this latest update:

Canadian Payroll 2015 Mid-Year tax update has released

To download the update, please visit the links below:

Canadian Payroll 2015 Mid-Year Tax Update GP 2010

Canadian Payroll 2015 Mid-Year Tax Update GP 2013

Canadian Payroll 2015 Mid-Year Tax Update GP 2015

If you are looking for support for Microsoft Dynamics GP, contact our professionals at erp@rsmus.com. You can also receive other valuable tips through our Dynamics Community Newsletter.

By: Nancy Hogan – Pennsylvania Microsoft Dynamics GP partnerhttp://rsmus.com/locations/pennsylvania/pennsylvania-microsoft-dynamics-partner-and-netsuite-solution-provider.html

Nancy Hogan