Complete Resources For Your Construction Year-End Processes: On Tap!

Article written by Andy Holtmann on the Viewpoint blog.

Make no mistake, 2021 was just as—if not more—stressful, confusing and resource-straining than 2020. A resurgent COVID pandemic; new rules and laws around employee health, safety, wages and more; a worsening labor shortage; growing diversity and inclusion campaigns; new technologies and markets; and of course a bevy of work that still needs to be done and jobs waiting to be won—these were among the industry’s chief 2021 focal points.

As we look to put 2021 behind us and focus on a new year (and era) ahead of us, there is one more vital hurdle to overcome—those often dreaded year-end processes for taxes, wages and other federally and locally required tasks. Not to worry though, Viewpoint has you covered with a host of resources to help you streamline these processes and make year-end a simpler, more efficient undertaking.

4 Quick Things You Should Know:

Let's start with four quick nuggets of information about things that are a little different in 2021 than with previous year-end processes:

Form 1099-NEC (for non-employee compensation) is different this year. Instead of two forms on a page, it is now three per page. You can also learn about all types of 1099 forms here.
W-2s have to display earrings from the Families First Coronavirus Act (FFCRA) and American Recovery Plan Act (ARPA) in Box 14. See this IRS article, “Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave Wages Paid For Leave Provided in 2021” for more details.
1095-C forms (pertaining to the Affordable Care Act) have two new statuses for Part II, Line 14: 1T - HRA, residence ZIP, employee/spouse and 1U - HRA, workplace ZIP, employee/spouse.
For Vista, all year-end processes will now be done via Aatrix. Integration with Aatrix has significantly broadened the list of Federal and State reports available to our customers – adding hundreds of reports previously unsupported in Vista.

Live Year-End Process Walk-Throughs:

For more help and support with 2021 year-end processes, check out this series of webinars for our Vista, Spectrum and ProContractor clients that address key 2021 year-end questions, walk through solutions and explain how to best leverage your software solutions to ease your 2021 closeout burdens.

The first round of these webinars was held in mid-December for most users, with new and repeat webinars also occurring in January 2022.

An on-demand version of each webinar will be available once live webinars have concluded, so be sure to bookmark this page. Here are the available webinars and dates. Click on any link to register and save your seat:

Spectrum Year-End Webinars:

Vista Year-End Webinars:

ProContractor Year-End Webinars:

Additional Year-End Construction Accounting Resources

Beyond our in-depth year-end process webinar series, take a look at these additional resources to answer your questions or help facilitate your own year-end tasks. Look for specific year-end resource pages and customer portals for your specific ERP solution.

Spectrum:

Vista:

ProContractor:

General Year-End Process Information:

Here are some additional resources, or reach out to your tax professional(s) for more information or assistance.

If you have any other questions or anything you couldn’t find an answer for, feel free to contact us. We’re here to help your transition into 2022 be as seamless as possible.

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