Third Quarter 2020 Form 941

07 October 2020 rpalm
Payroll Tax Holiday
The Federal/State Tax Forms (Aatrix) third quarter 2020 update was recently released. This version includes a draft of the third quarter 2020 Form 941 that is acceptable to eFile/file for the third quarter as long as there is no employee Social Security tax deferral amount to report. The IRS has not released the final version of the third quarter 2020 Form 941 that includes payroll tax holiday additions based on the executive orders that President Donald Trump signed on August 8, 2020. The final version IRS approved third quarter 2020 Form 941 will include the ability to manually enter employer and employee Social Security deferrals. If you need to report employee Social Security tax deferrals, they will need to be reported on the final version of the form. When the form is released by the IRS/Aatrix, you will be notified via email if you are on a Customer Care Plan. Alternately, you will also be prompted to update Federal/State Tax Forms (Aatrix) as updates become available.
COVID-19 Paid Leave Update
Red Wing Software recently released CenterPoint Payroll version 15.12 the week of September 28, 2020, that will more accurately report COVID-19 paid leave amounts on Form 941. CenterPoint Payroll can be set up to track COVID-19 paid leave so it can accurately be reported on Form 941. Click here to view documentation on CenterPoint Payroll and COVID-19 Paid Leave. If you have not been tracking COVID-19 Paid Leave in CenterPoint, but still need to report it on the third quarter 2020 Form 941, you can do so now with the currently released software and tax forms by manually adjusting Form 941 in Aatrix.

CenterPoint Payroll Classroom Training (Online)

05 October 2020 connies
Due to COVID-19, Red Wing Software converted our in-person CenterPoint Payroll Classroom Training to an online format. Classroom training (online) is the most comprehensive way to learn how to use CenterPoint Payroll and will include:
 
Payroll Setup
Learn how to maintain the setup of employees, earnings, deduction and taxes. The training will examine the setup and use of vacation and sick leave and discuss everything you need to know to set up Direct Deposit, Publish Pay Advice, and the CenterPoint Time Clock.
Payroll Processing, Reports and Taxes
We’ll take you through the details of time-entry and payroll processing. Learn how pay defaults can help you save significant time and create more accurate payroll entries. There will be a discussion of all the payroll reports available and how to take advantage of them. CenterPoint Payroll includes tax forms to allow printing and electronic submission of payroll tax forms including W-2s. You will learn how to process, review and edit these forms as well.
The training will be offered as two 4-hour live online sessions on consecutive days and will be limited to 10 participants.
  October 20, 2020 and October 21, 2020
9:00 am – 1pm CST
Cost: $150.00
  Click Here to Register
  December 8, 2020 and December 9, 2020
9:00 am – 1pm CST
Cost: $150.00
  Click Here to Register

Coming Soon – Online Payroll Classroom Training

11 September 2020 connies Customer Information
Due to COVID-19, Red Wing Software is converting our in-person CenterPoint Payroll Classroom Training to an online format. The training will be offered as two 4-hour live online sessions on consecutive days and will be limited to 10 participants. Be on the look-out for registration information coming soon!

Behind the Scenes - August 2020

10 September 2020 roxie-thoner Behind the Scenes
• Mike (Quality Assurance Manager) and his family visited the Grand Hotel, Mackinac Island, UP Michigan.
• Ashley (Accounting Software Support Specialist) is excited to announce the purchase of her first home. Ashley, her daughter, Paytin, and pet dog, Bandit, are all settling in nicely.
• Allison (Accounting Software Support Specialist) had a fun time at a bachelorette party. (Allison is standing to the left of the bride-to-be.)

Payroll Tax Holiday

09 September 2020 StephanieE
On August 8, 2020, President Trump signed an executive order calling for a deferral of the employees’ portion of the payroll Social Security tax from September 1, 2020 through the end of the year. On August 28, 2020, the Department of Treasury and IRS issued guidance for implementing the executive order. If you want to offer the payroll tax holiday to your employees, Red Wing Software recommends consulting your tax accountant to determine the best way to handle the change to your payrolls. If you have any questions about how to implement your plan in CenterPoint Payroll, contact Red Wing Software Technical Support.