mobile-logo

Dynamics GP Updates – Be in the Know

22 Apr

Dynamics GP Updates – Be in the Know

by Samantha
in SMB Blog
Comments

Sharing new information released for 1099 filings and year-end updates for Microsoft Dynamics GP.

 

Contact SMB Suite for assistance getting GP upgraded.

 

1099 Filings

  • Get ready for filing the 1099-NEC to report non-employee compensation for 2020.  Updates for this change will only be available for GP 2016 and GP Current Release.  Please consult the IRS website for details on the changes in reporting and deadlines  https://www.irs.gov/instructions/i1099msc .
    • The Year End update will include an update to GP 18.3, which will release in October 2020.   (In other words if you are on GP 2018 18.0 or GP 18.2, the Year End Update will update GP to 18.3.)
  • There is a new 1099 form – 1099-NEC which will be included in the Year End Release in November/December.  “To stay current, you must be on one of the 2020 releases.”  So to receive the year end  update you will need to be on the current version, which will be 18.3 that releases in October.
  • Information on the change to 1099’s –  https://www.irs.gov/instructions/i1099msc


Year-End Updates

  • Dynamics GP 2015 and prior versions are no longer supported and will not receive a Year End Update this year.
  • Dynamics GP 2016 support ends 07/31/2021 and will receive a Year End Update for this year, however will not receive a Year End Update next year.
  • Microsoft has moved GP to the “Modern Lifecycle.”  This applies to all clients on Dynamics GP 2018 (18.0) and Dynamics GP (18.2)  https://docs.microsoft.com/en-us/dynamics-gp/terms/lifecycle.
Tags:
,,,,
No Comments

Post a Comment

Comment
Name
Email
Website

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Steve’s been with SMB Suite since 1998 and has been involved with nearly every aspects of the Company’s business as a strategist, professional services executive, cloud solutions architect, and senior consultant. In his current role, Steve is responsible for SMB Suite’s revenue and oversees the execution of ERP, CRM and BI projects for customers across a broad range of industries. Steve combines his expertise in MS Dynamics GP, CRM and other Microsoft products with a strong foundation in accounting and business to identify gaps and streamline customers’ processes. Prior to co-founding SMB Suite, Steve was previously Corporate Controller for MEHLE Behr and, prior to that, Audit Senior for Ernst & Young. Steve holds a Bachelor of Business Administration degree from the University of Texas at Arlington.

Jeremy is responsible for SMB Suite’s technology vision, strategy and implementation and is the architect of the Company’s Dynamics Cloud Platform. Highly adept in every facet of managed services, ERP systems and e-commerce platforms, Jeremy’s expertise spans the implementation and support of business and financial software solutions, as well as the customization and integration of SMB Suite’s cloud ERP technology stack. He holds numerous Microsoft and industry-related certifications, and was primarily responsible for designing the Company’s progressive business services platform in the early days of the Cloud. Prior to SMB Suite, Jeremy served as the financial analyst, systems administrator, and information systems liaison for a $2 billion financial services corporation.

Monty is responsible for SMB Suite’s day-to-day operation and, most importantly, its customers. As a leader, motivator and mentor, Monty creates loyal high performance teams willing to “walk through walls” to accomplish their goals. Prior to SMB Suite, Monty served as President of The Bradshaw Group (TBG), a global distributor, manufacturer, and repair facility for digital printers. In this role, he was the Company’s ambassador to its most important domestic, European and Latin American customers and TBG achieved a best-in-class Net Promoter Score of 74 for its superb customer satisfaction. Prior to TBG, Monty served as the General Manager of Sam’s Clubs three highest grossing U.S. stores and was named Regional Operator of the Year in 1999. Monty holds a BBA in Marketing from Texas Tech University and is an active member of Business Navigators. He has been active in Vistage International, Executives in Action, the Dallas/Fort Worth Retail Executives Association, as well as, A.P.I.C.S., the leading professional association for supply chain and operations management. Monty also volunteers with Hunger Busters and ManeGait, a therapeutic horsemanship organization.

David is a proven financial and information technology professional with expertise in providing business accounting software and computing solutions. He began his career by starting and managing a successful independent consulting practice for several years. He then launched the local systems consulting unit of Ernst & Young’s Entrepreneurial Services Group, leading the office into the hi-tech consulting arena. After successfully developing the unit for Ernst & Young, David founded NextCorp (which became SMB Suite in 2013) to serve the business software needs of clients throughout the US. David has made SMB Suite one of the best cloud ERP providers in the industry. In addition to being a successful entrepreneur and leader, he is a software and technology specialist, holding certifications in various Microsoft and other technologies.