What's New in Spectrum's 2025 Year-End Update

With this update, you can confidently proceed with your year-end processing. Spectrum's 2025 year-end release contains the required changes for processing forms like W2s, 1099s, and those for ACA, as well as T4s and T5s. This update also contains fixes to customer-reported issues.

Year-end Programming Changes

US regulatory updates for tax year 2025

We've updated Spectrum so that the pertinent reports and electronic files are IRS-compliant, as well as functional with our partners, like Nelco and Aatrix.

Before the first payroll for 2026, we will provide Tax Tables in a separate file that you will need to load.

Canada regulatory updates for tax year 2025

We've updated the pertinent reports and electronic files to be CRA-compliant.

Before the first payroll for 2026, we will provide Tax Tables in a separate file that you will need to load.

More Flexible T5018 and T4 Slip Exports

We've enhanced the export screens for both T5018 and T4 slips to give you greater flexibility when entering your transmitter identification details, aligning the software with updated CRA filing requirements.

The Transmitter Account Number field is no longer strictly mandatory once you've selected a Transmitter Account Type. You can now enter either the Transmitter Account Number or the Transmitter Rep ID (or both) to proceed with the export on these screens:

  • T5018 Slip Export
  • T4 Slip Export

The Print 1095-C Forms screen has long been able to print data for prior reporting years. With this update, instead of displaying the default current calendar year on the form, the form now correctly displays the reporting year you selected on the print start screen.

This makes historical reporting and record keeping easier for those maintaining prior years' 1095-C data.

New Report: FSLA Qualified Overtime Compensation

Applicable to U.S. payroll systems only, we are introducing the new FSLA Qualified Overtime Compensation Report (available in Payroll and Confidential Payroll). This report is designed to assist you with compliance and accurate reporting of overtime calculations under the Fair Labor Standards Act (FLSA).

This feature includes a dedicated function to define and include certain cash fringes - specifically those with a Prevailing Wage Adjustment calculation method - in the report's final compensation figures, ensuring accurate reporting for specialized payroll needs.

The report can be filtered by specific date ranges, employees, and entities.

Important: For tax year 2025, the calculated amounts must be either manually added to the employee's W-2 or furnished to the employee using this report. See FSLA Qualified Overtime Compensation Report.

Spectrum 2025 R2 Bug Fixes

This update includes fixes to customer-reported issues. To see the list:
  1. Log in to the Track Cases/Issues page of the Viewpoint Customer Portal.
  2. Make your selections in the product and module filter options.
  3. In the Fixed in Version field, enter 2025 R2.
  4. Select Apply Filters.