15 Nov 2012 1:10 AM Today we are posting the 2012 Year-End update for 10.0, and 2010 is soon to follow. Here are the 2012 Year-End pages which provides you with documentation and installs you need for a successful year-end. 2012 U.S. Payroll Year End Update for Microsoft Dynamics GP 2010 Download Pagehttps://mbs.microsoft.com/customersource/downloads/taxupdates/usgpye2010.htm?printpage=falsehttps://mbs.microsoft.com/partnersource/downloads/taxupdates/usgpye2010.htm?printpage=false 2012 U.S. Payroll Year End Update for Microsoft Dynamics GP 10.0 Download Pagehttps://mbs.microsoft.com/customersource/downloads/taxupdates/usgpye10.htm?printpage=falsehttps://mbs.microsoft.com/partnersource/downloads/taxupdates/usgpye10.htm?printpage=false This year it will be important to install the last 2012 payroll tax update which released November 2012. This update prepares the system for the 2013 FICA Medicare changes. This will not affect your 2012 payroll in anyway.Verify under Microsoft Dynamics GP | Tools | Setup | System | Payroll Tax, the Last Tax Update date should be 11/1/2012, if it is something prior, please install the tax update.To install the latest 2012 tax update changes, log in to Microsoft Dynamics GP as the system administrator click Microsoft Dynamics GP menu >> Maintenance >> U.S. Payroll Updates >> Check for Tax Updates. ****Take a peak at the 2012 Year-End Video!!!!****Check it out....SO COOL! http://www.microsoft.com/en-us/showcase/details.aspx?uuid=c85f0cbf-ac8e-4a1b-9350-10c24a6f0746 Many times in support we get asked can we install this update now even though I have not finished my 2012 payrolls. YES YOU CAN! This is why we release the update early so you have more time to install the update and a LESS stressful year end for all.It is the 2013 tax update that gets tricky and we would recommend you install that when you are ready to process 2013 payroll and the 2012 year end wage file is created. Please review all documentation in detail to prepare you for the year-end close, specifically around what has changed for this year. Detail of the changesNO W2 and W3 form changesEFW2 changes, (magnetic media)Payroll country code changes (South Sudan, Curacao, Timor-Leste)Payables1099 Payables form changes (minimal)Fixed Assets luxury depreciation changesPayroll Compliance quality issues fixedFor a complete list click HERE for Microsoft Dynamics GP 10.0 and click HERE for Microsoft Dynamics GP 2010Payroll code changes to comply with 2013 Tax Update - New Medicare Taxes on High Earners for 2013 NO W2 nor W3 form changes **This update will be all inclusive of prior updates for Microsoft Dynamics GP 10 and GP 2010. Important blogs around questions many of you are asking: “New Medicare Taxes on High Earners for 2013 how will this impact Microsoft Dynamics GP?” Guidelines for Payroll W-2 Benefit Reporting Good Luck, I know the 2012 Payroll Year-End close will be a breeze for you! Terry Heley ***MORE Year-End Blogs to come!!!*** Check out our 2012 Year-End Blog Series Schedule!