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RealWorld® Classic and
Payroll For CounterPoint
2015 Year-End Update
Now available for these versions:
| Version |
DOS/Windows |
UNIX |
| 9.0 & 9.1 |
x |
x |
| 8.4, 8.5 & 8.6 |
x |
x |
| 8.01, 8.02 & 8.03 |
x |
x |
| 6.5M & 6.6M |
by request |
by request |
| PAS2000 |
x |
- |
| CP Payroll |
x
|
x
|
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Changes to Note for Tax Year 2015:
 Affordable Care Act Reporting Requirements
Effective for calendar year 2015, Applicable Large Employers (ALE) must file an annual return in 2016 to report any health care insurance provisions provided to qualified employees. Employers may be required to report the value of health insurance coverage they provided to each employee on Form W-2. This was optional in 2014.
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- Social Security Wage Base Increased for 2015
The SS maximum wage base for 2015 was increased to $118,500. Employers should stop withholding SS tax after the maximum threshold has been reached during 2015. Form W-2 printing and W-2 electronic reporting will reflect this change for 2015. For more information, refer to the current IRS Circular E Publication.
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- "Additional Medicare Tax" Must Be Reported for 2015
Additional Medicare Tax withholding remained in effect for tax year 2015. In January 2013, the IRS implemented an additional .9% Medicare withholding tax requirement for Employees who reached earning thresholds in excess of $200,000. The Payroll software system was updated previously to accommodate the new Additional Medicare Tax withholding requirements. These changes were reflected in qualifying payroll calculations and specific payroll reports. For more information about this new requirement, visit the IRS website at: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Questions-and-Answers-for-the-Additional-Medicare-Tax.
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- Form 1099-MISC revised for 2015
Form 1099 Miscellaneous was revised to add a new “FATCA” checkbox to comply with the Foreign Account Tax Compliance Act.
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- Rejected Wage Reporting Conditions Issued for 2015
New in 2015, electronic W-2 forms will be rejected by the SSA when certain wage conditions are detected. These conditions were implemented in 2014 for paper W-2 reporting criteria. For more information, refer to IRS Publication 2015 “General Instructions for Forms W-2 and W-3.”
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- W-2 Electronic Reporting Changes
Specific magnetic W-2 record changes, including required Submitter, Employee or Employer record fields, were issued for 2015 magnetic/electronic reporting. These changes affect all electronic W-2 reporters and are included in the 2015 Year-end Tax Update.
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- Electronic 1099-Misc Reporting Changes
Specific 1099-Misc Magnetic record changes were issued for 2015. Additionally, record fields were incremented to update the four-digit tax reporting year from 2014 to 2015. These changes affect all Electronic 1099-Misc reporters and are included in the 2015 Year-end Tax Update.
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- Revised Social Security Number Validation Checks
As of June 25, 2011, a new system called SSN Randomization was implemented by the SSA. The new SSN system assignment limits the automatic validation of SS numbers. While the software continues to validate some elements of the SS numbers entered in the Payroll system, for more complete information, please refer to the Social Security Number Verification Service at the following web address: http://www.ssa.gov/employer/ssnv.htm.
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- Ensures Compatibility Now and for Years to Come
With Classic year-end update availability discontinued by Microsoft Great Plains®, you can continue to purchase year-end tax updates from Custom Software Experts. Now more than ever, it is critical that you keep your RealWorld system up-to-date. Avoid potential reporting errors and support issues by ordering CSE’s tax update at each year-end.
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- IRS & SSA Compliant
CSE certified tax updates always meet strict IRS and SSA specifications. These government specifications are outlined yearly and implemented by our staff to meet or exceed standards. Since 1985, CSE continues to provide quality year-end tax updates for both RealWorld Classic and Payroll For CounterPoint software products. Order your copy today! Do you need another payroll version? Contact us!
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2011 FUTA Update Release (Issued June 2011)
Effective July 1, 2011, the Federal Unemployment Tax Act (FUTA) rate will decrease from 6.2% to 6.0%. FUTA tax applies to the first $7,000 employers pay to each worker as wages during the year and is paid in conjunction with State unemployment tax. FUTA tax is generally paid on a quarterly basis by the Employer.
The 2011 FUTA Update was released to address the FUTA mid-year tax rate change. The FUTA Update allows the payroll software to distinguish between multiple FUTA rates within a year. This update, once applied, will correctly accumulate and report FUTA tax amounts due.
To address this FUTA rate change, your payroll system should be updated as follows:
1. Beginning 7/01/2011, change the Payroll Federal Tax Table, Field 26, “Federal unemployment %”, from .80 to the new rate of .60 (if you claim the maximum SUI credit).
2. Apply the 2011 FUTA UPDATE to your payroll system. This software correction will address all FUTA calculation and reporting functions within payroll.
CONTACT US TO ORDER THE 2011 FUTA UPDATE now available for RealWorld Classic, Payroll For CounterPoint, and PAS2000 software versions listed above.
For more information about this tax change, please refer to IRS Circular E, Publication 15, located at the following link:
http://www.irs.gov/pub/irs-pdf/p15.pdf
If You are Customized:
Customized Payroll users may require a special Year-End Update version. Custom Software Experts can help you with your unique, year-end needs. To avoid any loss of custom changes in your Payroll software module, please contact Custom Software Experts Inc. for assistance. We can provide you with a special Year-End Update to meet your specific needs while preserving your customized software system.
RealWorld State Magnetic Media Reporting:
If your state requires annual or quarterly payroll reporting which must be submitted electronically or on magnetic media, your RealWorld Payroll system has got you covered. However, you may not have the time to set up such reports within your RealWorld system. At Custom Software Experts, we have qualified personnel available to research and set up the magnetic state specifications you need in order to comply with your state’s reporting requirements. We can make your existing RealWorld system produce your annual and quarterly state reports for you. Contact Us for all of your state magnetic reporting needs. Let our experts get you set up and flying.
401(k) Catch Up Plan:
As a result of the Economic Growth and Tax Relief Reconciliation Act of 2001, the US government has implemented a "401(k) catch up" program offered to employees over 50 years of age, that are currently on a 401(k) plan through their employer. The 401(k) catch up amount of $1000 will increase by $1000 each year until the year 2007. It is an elective contribution and requires separate reporting to most 401(k) financial institutions. Backed by sound advise from Custom Software Experts, Microsoft Great Plains has implemented 401(k) catch up functionality as part of RealWorld Classic versions 9.1, 9.0 and 8.6. Now available from Custom Software Experts is the 401(k) Catch Up enhancement, designed specifically for prior RealWorld Classic versions to meet these requirements. Contact Us if you need to implement the 401(k) Catch Up Plan for your employees.
What Tax Form Layout Should You Order?
Supported W2 Form Layouts:
- W2 Single Wide-Continuous Feed
Prints 2 forms per page on a continuous feed printer.
- W2 Single Wide-Laser
Prints 2 forms per page on a laser printer.
- W2 4-Up Laser
Prints 4 forms per page on a laser printer.
(Note: Boxes 12a-12d are located along the right side of each form, directly under Box 9.
Trainor Forms users, order item # L4UP.
Deluxe Forms users, order item # 82646.
Rapid Forms users, order item # TF52055.
- W2 Double Wide-Continuous Feed
Prints 4 forms per page on a continuous feed, wide carriage printer.
(Note: Copy B, narrow side prints on left side of the form. To ensure compatibility, be sure to specify this when ordering.)
Trainor Forms users, order item # X3.
Deluxe Forms users, order item # 92613.
Rapid Forms users, order item # TF8888
See W2 Form Sample Layouts
Supported 1099 Form Layouts:
- 1099 MISC-Continuous Feed
Prints 2 forms per page on a continuous feed printer.
- 1099 MISC-Laser
Prints 2 forms per page on a laser printer.
Authorized Forms Distributors
Contact your authorized supplier or choose from the following authorized distributors to order compatible W2 & 1099 tax forms for your Payroll system:
- Trainor Business Forms & Printing
Phone orders call: 800-356-7925
- Deluxe Business Forms
Phone orders call: 800-328-0304 or 800-554-3676
- Rapid Forms
Phone orders call: 800-257-8354
Note: Tax form item numbers above are subject to change by their respective distributors.
Volume Discounts Available:
Volume discounts are available for resellers. Year-End source code availability to licensed resellers. For more information, contact Custom Software Experts Inc. today!
Please select from the following:
PLACE AN ORDER
CONTACT US
Troubleshooting Year-End Installation
File Your Magnetic W2 File Via The Internet
Great Plains and RealWorld are registered trademarks of their respective corporations.
2015 Year-End Updates offered by Custom Software Experts, Inc.
All rights reserved.
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