Microsoft releases Year-End Updates for Dynamics GP and Dynamics SL

The payroll tax update for Microsoft Dynamics GP and the cumulative year-end update for Microsoft Dynamics SL have officially been released. See below for details.

Dynamics GP 2020 Year-End Update

The U.S. Payroll Tax Update for Dynamics GP is now available. This latest update includes 2021 federal tax changes, a new FICA Social Security Wage Limit of $142,800 and statewide changes in the following states: 

  • Arkansas
  • Iowa
  • Kentucky
  • Maine
  • Minnesota
  • Mississippi
  • Missouri
  • North Dakota
  • South Carolina

Users must be on a supported version (2016 or above) of Dynamics GP in order to install the latest tax update. To download the tax table update file, log into CustomerSource.

If you have questions or need assistance applying the update, contact Boyer’s GP support at 763-412-4326 or gpsupport@boyerassoc.com.

Dynamics SL 2020 Year-End Update

Microsoft Dynamics SL CU5 is now available. This is commonly referred to as the year-end update and includes the following: 

  • New 1099 NEC form
  • Updated 1099 MISC form
  • Updated electronic file submission process
  • Support for Standard and High Withholding for state deductions
  • Allowing different marital status for state and federal exemption and credits
  • Vendor maintenance updates
  • Employee maintenance updates

This downloadable update is available only for users currently on Dynamics SL 2018. Sign in to CustomerSource to access the file. Users who are on an older version of Dynamics SL can choose to purchase an alternative year-end package. For details, contact Carol Simonson at 763-412-4315 or csimonson@boyerassoc.com.

If you have additional questions or need assistance, contact Boyer’s Dynamics SL support at 763-412-4325 or slsupport@boyerassoc.com.