Notes from the President

06 March 2025 khilton Notes from the President

Ken Hilton - President Red Wing Software

At Red Wing Software, we know the importance of keeping payroll tax tables up-to-date. We make every effort to ensure you have the latest tax table information, often before it becomes effective. Federal withholding tables are available in CenterPoint Payroll for our customers when published by the IRS, even before they are needed. We also stay on top of the payroll tax changes in all states and territories, ensuring our customers use the most recent data.
While we keep the software updated, other things need to be considered when it comes to proper withholding. Keep in mind that some employees may request additional withholding be taken each pay period based on their experience with results from previous years. With the changes to the default tax tables, it may be important for them to recalculate the estimate of taxes they will owe for the year and rethink the amount of extra withholding they have deducted. It’s a good idea to inform employees of this situation and request that they complete a new W-4 form if they would like to adjust their number of dependents or extra state or federal withholding.

Red Wing Cloud Services: New Time-Saving Tool

13 February 2025 StephanieE Customer Information
A Local Drive Map Tool has been added to Red Wing Cloud Services. This tool lets you map a cloud drive to a directory on your local computer, significantly enhancing the ease and efficiency of importing and exporting reports and files because it eliminates navigating through multiple folders on your local computer. To learn how to use this new functionality, click here.

Notes from the President

06 February 2025 khilton Notes from the President

Ken Hilton - President Red Wing Software

Now that the hustle and bustle of the holidays is over, it’s a good time to dig out the budget you created for 2024 and compare line-by-line how well you managed the business as projected in your budget. (You did create a budget for 2024, didn’t you?)
I understand there are always anomalies during any given year that can’t be foreseen, but many mature ongoing businesses should be able to project the coming year accurately. When these unforeseen expenses (or revenues) occur, if you consistently compare actual events to the budget, you can adjust other areas to accommodate the changes.
With Red Wing Software’s accounting products, you have the tools to create and compare budget to actual information with a level of detail that works well for your business. CenterPoint Accounting has both simple and advanced budgeting features built into the product. Extensive help documents and video tools are available within the software to help you get started.
If you’re new to the process, give it a try. Over time, you’ll learn to project finances very accurately.

Notes from the President

09 January 2025 khilton Notes from the President

Ken Hilton - President Red Wing Software

Welcome to 2025! We all know what a new year brings: New Year’s resolutions. Since I’m certain many have not taken the time to think about what they plan to do differently in 2025, I will suggest a resolution that will work for everyone. Use your accounting software for one thing that you haven’t previously been using it for.
All too often, I hear someone say, “I really only use my software as a glorified checkbook,” or “I just keep records for my (fill in the blank).” Of course, my initial thought is – why? You go to all the effort of entering all transactions into the software, which is the hard part of recordkeeping, then don’t take advantage of all of the benefits you can get by looking at any of the hundreds of reports that are just a click away, which is the easy part.
So, whether you’re a power user or someone who isn’t taking advantage of the power of your software, I challenge you to add just one new analysis habit to your recordkeeping routine.
Have a happy and prosperous New Year.