Important 2024 Tax Table Update Information

09 January 2024 connies Customer Information

On December 20, 2023, Red Wing Software released the first 2024 tax table update. Please download and install this update prior to your first pay run of 2024.

What's Included in the Update?
CenterPoint Payroll 2024 Tax Table Update version 18.12 - All required Federal and FICA tax changes effective January 1, 2024, and the FICA Wage Base Limit change to $168,600, as well as 2024 State tax changes received by December 19, 2023. To view the tax changes and download the 2024 Tax Table Update, check our website for current information.
Important notice for Colorado, Iowa and Montana: These states significantly changed their tax calculations. Prior to running your first pay run of 2024, we recommend verifying your employee tax setup. Check with your state Department of Revenue for more details.
To verify your employee setup:
• Install the version 18.12 tax table update.
• Open CenterPoint Payroll.
• Select Setup > Employees.
• Edit an employee and select the Taxes tab.
• Select your state withholding tax and verify the 01/01/24 Tax Detail setup on each employee.

Year-End Procedures

26 December 2023 connies Customer Information
Software Program Year-End FAQ Document
CenterPoint Accounting for Agriculture Click Here
CenterPoint Accounting Click Here
CenterPoint Fund Accounting Click Here
CenterPoint Payroll Click Here

Subject to change prior to year-end.
CenterPoint year-end documents can also be accessed directly from the Help section. From our website at www.redwingsoftware.com, select Menu. Under your CenterPoint product, select Help. In the Search bar, enter Year-end Frequently Asked Questions or by logging into our website at www.redwingsoftware.com from the My Account Home page, select End of Year.

Employees Can Opt to Receive Pay Information Via Text!

12 December 2023 StephanieE Customer Information
We are excited to announce the release of CenterPoint Time Clock web version 3.03 and CenterPoint Publish Pay Advices web version 2.05. This update includes new functionality that will allow your employees to sign up for and receive text notifications for time clock and pay advice service functions. Prior to this update, all CenterPoint Payroll Web Service notifications were only sent via email.
Please inform your employees about this exciting new feature. Employees can enable text notifications by selecting User > Settings (upper-right corner), clicking Change next to Text Notifications, and following the on-screen instructions. Note: Email and text notifications can be enabled/disabled individually in Settings.

Year-End Tax Forms

07 December 2023 connies Customer Information
As the end of 2023 approaches, we would like to suggest the perforated paper and envelopes that you may need to purchase for processing W-2s, 1099s, and ACA forms (for CenterPoint Payroll only). Perforated paper and envelopes can be purchased from Computer Forms, Inc. by clicking here, by calling 800-458-0158, or by clicking the Order Checks and Forms icon on the Red Wing Software website. All orders are 25% off until December 31, 2023 (use promotion code RWCFITD when ordering). You can filter your selections by using the Type filter on the left side of the screen.
All W-2 and 1099 forms (including the Copy A (often called the “red copy”) and your 1096) can be printed on the same plain perforated paper (if you choose to order the blank perforated paper with no backer instructions) and use the same envelope. You can print the W-2 and 1099 forms on plain paper, but the IRS recommends the forms be printed on perforated paper. The W-3 can be printed on blank plain paper.