Sage 100 – End-of-year updates available now

As of December 23, Sage has released the 2015 end-of-year Interim Release Download (IRD) and 2016 Q1 payroll tax table updates (TTU). The Aatrix year-end update is also available; when you first access either Payroll Federal E-Filing and Reporting or Accounts Payable Form 1099 eFiling and Reporting, you will be prompted to update your forms.

The following are the required minimum Sage 100 versions. If you are not at least on one of the minimum versions below, you must add the required product update (PU) to get to the minimum before installing the 2015 IRD.
• 2013 PU 9
• 2014 PU 7
• 2015 PU 3

The 2015 IRD contains the following enhancements for Accounts Payable:
IMPORTANT TAX INFORMATION: 1099 Form changes were required for the tax year 2015 and have been incorporated in this update. Maintenance, data entry, as well as certain reports and Form 1099 eFiling and Reporting have been modified to adhere to the 2015 1099 Miscellaneous, Dividend, and Interest forms as published by the IRS for the tax year 2015 filings.

Once the 2015 IRD is installed, the new 2015 boxes will be available for all companies in the installation. The following changes have been made to accommodate the correct placement of the following information:

1099-INT:

  • Box 12 is now blank
  • Box 13 is now Bond premium on tax exempt bond
  • Box 14 is now Tax-exempt and tax credit bond CUSIP no.
  • Box 15 is now State
  • Box 16 is State Identification No.
  • Box 17 is State Tax Withheld

No form changes were required for the 1099-MISC and 1099-DIV forms.

 

Advertisements
This entry was posted in Sage Software and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s