As you are likely aware, this is an extremely busy time of year at Red Wing Software. In addition to the normal support calls we receive as our clients finish their year-end transactions and get ready for the New Year with payroll tax table and forms updates, our representatives in Washington, DC threw a couple new items onto our list.
Anticipated legislation was passed that restored the Section 179 expenses to their previous level for the remainder of 2014 (with a few caveats), and then revert back again on the first of 2015. This, of course, caused a last minute change to our CenterPoint Depreciation program that needed to be released before the end of 2014.
Also, 2015 brings in some new requirements for the Affordable Care Act for most of our clients. There is new data that needs to be tracked for 2015, and then reported at the beginning of 2016. Even though this information is not really payroll data, but rather Human Resource information, we decided to add functionality to our CenterPoint Payroll program to capture this information and provide it for the new 1095C and 1094C forms, as well as the employee W-2 form. This functionally will be released in the second quarter of 2015, and will cover the entire year so you can complete the new forms in 2016.
In addition, there are several customers using two of our legacy products (Perception and AgCHEK), and are now migrating to our newer CenterPoint Accounting program as we will stop support of those products on March 31, 2015. As our customers begin using these new-to-them products, we anticipate receiving a few more calls than usual at this time of year.
And finally, we just released a brand new product, Red Wing Tax Forms. This program allows employers and service bureaus that do not already use our accounting and/or payroll products to manually enter year-to-date payroll and other information for easily completing and eFiling many forms including W-2, 941, 943, and several 1099s. You can check our web site or contact a sales consultant for more information on this new offering.
All of us at Red Wing Software hope you had a pleasant holiday season and enjoy a safe and profitable New Year.
- Ken Hilton, President