KTL SOLUTIONS

Microsoft Dynamics Payroll Tax Update Year End

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The US Payroll Year end Update is scheduled to release 11/17. This is an update that will be required for U.S. customers to install due to the below list of changes.

Detail of the changes

W2 and W3 changes, EFW2 changes, (magnetic media)

1099 R changes for pension payroll

1099 payables Dividend changes

Fixed Assets luxury depreciation changes

There is also FICA Social Security changes that need to be made for the new 4.2/6.2 work we did prior.

**This update will be all inclusive of prior updates for 10 and GP 201

Table changes to hold the new Employer Kind data: company and dynamics databases: (these are required on W3 and MM)

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