Posts tagged with "1099"

FA261 – MIP Fund Accounting 1099 Processing

Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class

Register

In this course, participants will create, review, and correct IRS Forms and 1099-MISC, INT, DIV, and R. Participants will learn to produce and print the IRS forms in paper and submit electronically via Aatrix. Helpful reports and troubleshooting tips will be covered.

FTM Nonprofit Forum for January 21st – What’s your Nonprofit Tax IQ for Year End Tax Compliance

What’s Your Nonprofit Tax IQ for Year End Tax Compliance?

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The Nonprofit Forum will focus on year-end tax compliance and how you can prepare amidst constantly changing deadlines.

Just because you are a nonprofit doesn’t mean you don’t have tax compliance issues.   Actually, the IRS and the state government have similar requirements for nonprofit employees as for-profit employees.  These requirements may be met by outsourcing your payroll but you need to be sure.  Review with your payroll service provider and verify that everything is occurring properly.

The devil is in the deadlines

It is important that you know the current tax deadlines as they are constantly changing.  Also, you may need to upgrade your accounting software so it has the latest tax forms and tax tables.

In this presentation we will review the various tax deadlines for:

  • Vendors
  • Employees
  • Donors
  • and, of course, the Internal Revenue Service

Click here to Register

Does your organization have knowledge about required tax forms like Form 990, W-2, W-4, 1099, W-9, Unemployment, 941’s, Affordable Care Act, and other tax forms? We will review the various tax forms so you can understand how to complete them and which ones to use.

This webinar will help Executive Directors, Finance Directors and staff, Treasurers and board members to get a better handle on how to complete year-end tax compliance.

Immediately following the presentation on year end tax compliance, we will host a discussion on year end tax compliance.   This session is free but registration is required

FA261 – MIP Fund Accounting 1099 Processing

Course Level: Basic
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class

Register

In this course, participants will create, review, and correct IRS Forms and 1099-MISC, INT, DIV, and R. Participants will learn to produce and print the IRS forms in paper and submit electronically via Aatrix. Helpful reports and troubleshooting tips will be covered.

Abila MIP Fund Accounting and MIP Cloud Version 2020 Available including access to user guides, knowledge base articles, and video to assist with Year End Processing

As your local business partner and reseller for Abila MIP, we wanted to let you know that Abila has released a software update.  You will need to upgrade to Version 2020 to do your year end tax forms including your 1099’s and W-2’s from Aatrix.  Please contact us for help with your annual software upgrades or assistance to produce your year end tax forms.  Keep in mind you may need to upgrade your SQL Server 2008 as Abila will stop supporting this SQL Server Version March 31, 2019.  Our firm recommends that you upgrade to SQL Server 2014 or SQL Server 2016.

MIP FUND ACCOUNTING 2020.1.1 RELEASE & TAX UPDATES

This release includes key updates to the Federal Tax tab and W-4 information screens in Payroll, HR and EWS enabling employees to keep their pre-2020 withholding on file or submit updated 2020 W-4 information. New employees and existing employees updating their Federal Tax withholding will be required to use the 2020 W-4 method. More details are available in the Payroll, HR and EWS online help.  Additionally, this release includes changes to federal tax withholding tables and FICA withholding updates necessary for the 2020 tax year.

  • State Tax Updates:
    • California
    • Colorado
    • Illinois
    • Iowa
    • Kentucky
    • Maine
    • Maryland
    • Michigan
    • Missouri
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oregon
    • Rhode Island
    • South Carolina
    • Vermont

Form more information on processing W2s and 1099s, please reference the following guides:

1099 User Guide
W2 User Guide

Product Help Files
Our documentation team maintains in-product help for all modules, including several
checklists around year-end processes.
Help > Checklists > Payroll > Tax Reporting and Tax Worksheet Reports

1099 Processing Checklist
Prior to completing this checklist:
Upgrade to version 2020.1
Order forms from Abila Checks and Forms or your forms vendor.
Administration
Confirm Organization Information.
Confirm User Security.
Accounting
Prepare Vendor reports
Confirm Vendor 1099 information
Make 1099 Adjustments as needed
Aatrix Wizard & Preparer Grid
Run Aatrix Forms Update
Complete 1099 Setup Wizard
Process 1099s in 1099 Preparer Grid
Print or E-File 1099’s
Make copies as needed for your records

W-2 Processing Checklist
Prior to completing this checklist:
Upgrade to version 2020.1
Order forms from Abila Checks and Forms or your forms vendor.
Administration
Confirm Organization Information.
Confirm User Security.
Payroll
Prepare Employee Information reports
Confirm W-2 Information
Setup/Adjust employee balances as needed
Aatrix Wizard & Preparer Grid
Run Aatrix Forms Update
Complete W-2 Setup Wizard
Process W-2s in W-2 Preparer Grid
Print or E-File W-2’s
Make copies as needed for your records

Trending Support Topics

Below is a list of current trending support topics. You can use the links below to quickly access the associated Abila Knowledgebase Article or how-to video. You must be logged in to the Abila Knowledgebase to view KB Articles.

1099 and W-2 Articles

Year-End Topics

Aatrix

Aatrix has a support team available Monday-Friday for technical or e-Filing issues.
Website: www.aatrix.com/support
Support (Phone): 701-746-6017
Email: helpme@aatrix.com
Chat support is also available from their website.

Download / Installation / Technical

  • Download: Abila MIP Fund Accounting version 2020.x – (Article)

If you have any questions, please contact Abila Support or Financial Technologies & Management.  You might want to contact Abila support first especially if you have an active maintenance and support agreement as we will need to charge you for our time.  However, we process quite a few W-2’s and 1099’s for our clients so you can contact us if we can provide assistance or if you would like for us to do the year end processing on your behalf.