It’s Almost Here…Payroll 2012 Year End

Written By: Gina Hoener

from November 6, 2012

You can run but you can’t hide! Yep, the time has come! I LOVE payroll year end. So much to do, so many changes, so much confusion…it makes for an exciting time of year! OK, well, maybe for some of us. So let’ start with just a few easy bits of information:

  • The 2012 U.S. Payroll Year end update is due to be released November 16, 2012…that’s NEXT WEEK!
  • Supported versions: Dynamics GP 10.0, 2010 and 2013.
  • No changes on forms W-2 or W-3.
  • EFW2 changes (Electronic filing).
  • Payroll country code changes.
  • 2013 New Medicare Taxes on High Earners.
  • Customers on GP V10.00 will receive the 2012 Payroll year-end Update and Round 1 of the Payroll Tax Update.
  • Code changes will be included in the 2013 Round 1 Tax Update.
  • The IRS has indicated changes for form 941 for 2013 Q1. This will require a code change and will NOT be supported for GP V10.00 customers.

Stay tuned for more details as they become available!