1099s in Microsoft Dynamics GP: What you can do now for a smoother 2017 year-end

Really? Already?

Yes, I know; year-end just wrapped up, and you do not want to start thinking about year-end tax forms already. But how smooth and quick was that wrap-up?

A few small changes now in Microsoft Dynamics GP will lead to a better experience at this year-end. This article describes what you can do now with Dynamics GP to stay ahead of 1099 tax forms in 2017.

Some 1099 tax form basics

Let us first explore the federal requirements that apply to 1099s, then how to fulfill those requirements using Dynamics GP.

IRS Form 1099 is classified as an information return, used by payers to report transactions other than wages or tips (e.g., payments to independent contractors).

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About Chris Hadden

Chris Hadden, CPP, is the Technical Sales Manager at Greenshades Software. He was a GPUG All-Star nominee at both the 2015 and 2016 GPUG Summit, and is also a GPUG Medic. Chris is a car racing, golf, and payroll enthusiast. He is also a weekly contributor for the Greenshades blog. For more information on Greenshades, visit www.greenshades.com

 

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