In 2017, we here at Bennett/Porter took a year off from hosting our annual Connections conference to focus on expanding our software and service offerings. This year we return with and we invite you and your colleagues to join us.
"Why do I need Long Term Care Insurance? I already have health insurance!"
This is a common response when people are asked if they have considered Long Term Care Insurance (LTCI). What people don't realize is that their health insurance will typically not cover long-term care needs in a nursing home, assisted-living facility, or in one's own home. Another common misperception is that it's just the elderly population that has these needs. Unfortunately, this is not true, as young people also experience accidents as well as chronic and debilitating illnesses, all of which can create a need for long-term care.
Because Oregon has no sales tax, many businesses that we work with don't have to concern themselves with compliance in that particular area. But as you might have learned about from reading our recent free whitepaper on sales tax changes arriving in 2018, cross-state sales tax compliance is a growing issue for growing companies. You want to be as certain as you can that your day to day activities aren't provoking unseen tax obligations. Here's an on-demand webinar to further your awareness of taxes.
State and federal tax law changes are causing employees everywhere to stop and reconsider what they are seeing on their paychecks. Even if workers don't see any adjustments at all, it might be a good time to evaluate the amounts being deducted for accuracy. After all, nobody likes surprises during tax season, and next year's might be a doozy for those who don't align their withholdings to the correct expectations.
Sage 100 has a new field this year on the ACA Employee Maintenance screen: 'Plan Start Month'. In the process of helping customers complete their filings, we've noticed that not a single one of them have had a correct value in this field. How can such a seemingly straightforward field be incorrectly filled so frequently? We suspect the problem is that Sage has set the default value to “00”, and those people filling out the field simply move through it assuming that the value is valid. So what should people do instead?
Topics: Sage 100
Sage changed their software’s pricing structure in 2017 with the introduction of Sage 100c – a Subscription-based version of Sage 100. Now, in 2018, Sage has created a strategy that attempts to motivate Perpetually-licensed Sage 100 customers to move to the new Subscription-based 100c. This applies to customers who own, rather than rent, the software and who have a current Sage Business Care Plan. It’s important that Sage customers educate themselves about what all of this means and how it will affect their Sage 100 solution over the next two years. This post is an effort to help with that education.
Topics: Sage 100c
President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. Under the new law, the individual tax rate will be reduced to a maximum of 37%, which is down from 39.6% prior to the new bill being passed. The bill kept a seven-bracket tax structure, but the ranges have been adjusted to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. These brackets are currently set to expire in 2025.
It's been just over one week since Microsoft, Apple, and numerous software vendors released updates to patch their operating systems and applications with the goal of mitigating the impacts of Meltdown and Spectre. As those efforts were getting underway, we reported on what these threats are, things you might need to know, and what Bennett/Porter was focusing on to keep our data center secure. So where are we now? Here's a rundown.
If you're responsible for keeping your company compliant with its sales tax obligations, then you’re probably already exhausted as the new year starts. In 2017, we saw tens of thousands of sales tax changes (36,254, changes to be precise) occur across all the states in the nation. But that may just have been a precursor for what’s coming in 2018. Depending on what you sell and where you sell it, your organization may continue to see - and have to respond to - more big sales tax changes this year.
Did you know that wholesalers and distributors are in the top five most-audited industries?
State and local sales and use tax regulations can be complicated, and the rules are constantly shifting. Historically, this unintuitive taxability has caused certain industries to struggle with compliance and, hence, to fall into the sites of government auditors far more frequently than others. In the free whitepaper published by Peisner Johnson & Company together with Avalara, you’ll learn which industries are most as risk and where the majority of errors stem from.