Download Form W-2 and W-2 C in NetSuite 2025.1
New in NetSuite 2025.1, download Form W-2 and W-2 C directly for employees.
Starting in NetSuite 2025.1, SuitePeople U.S. Payroll administrators gain the ability to download Form W-2 and W-2 C for employees. This enhancement simplifies payroll processes by allowing for a more streamlined approach to accessing crucial tax forms.
Key Features of W-2 and W-2 C Downloads
The new functionality provides two options for downloading these forms:
- Password-Protected PDF: Ensure security by downloading the forms in a password-protected format.
- Non-Password PDF: For easier access, download the forms without a password.
Important Considerations
- The forms will be available for the financial year of 2024 and onwards. For any prior years, administrators will need to reach out to NetSuite Support for assistance.
- When the 2024 forms are released, follow the existing procedures for accessing them from the secured folder, as notified by NetSuite Support.
Compliance Updates with 457(b) Contributions
Furthermore, in line with regulations outlined in Secure Act 2.0, SuitePeople U.S. Payroll 2025.1.14 now facilitates 457(b) catch-up and special contributions for employees aged 60 through 63. Administrators can assign the following payroll items to employee records:
- Govt. EE 457(b)-Catch-Up-60
- Govt. EE 457(b)-Catch-Up-61
- Govt. EE 457(b)-Catch-Up-62
- Govt. EE 457(b)-Catch-Up-63
These updates enhance the flexibility in managing employee benefits as they age, ensuring compliance with financial regulations.
Who This Affects
- Administrators: Responsible for managing payroll and employee records.
- Payroll Managers: Overseeing payroll compliance and reporting.
- HR Professionals: Involved in the management of employee benefits and records.
Key Takeaways
- New ability to download Form W-2 and W-2 C as PDFs in NetSuite 2025.1.
- Supports downloads in both password-protected and non-password formats.
- Forms available for the financial year 2024 and later.
- Facilitates compliance with new regulations for 457(b) contributions for older employees.
- Contact NetSuite Support for forms from previous financial years.
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