In mid-January we released a blog asking if the new tax tables mean more money for people's paychecks. In that post, we reported that The Tax Cuts and Jobs Act, which was passed by the federal government in December, resulted in changes including increased standard deductions, removal of personal exemptions, increased child tax credit, and revisions to tax rates and income brackets effective for 2018. We also let you know that the IRS was working on updating the income tax withholding calculator and the Form W-4.
Bennett/Porter’s Connections 2018 Conference is just over two months away on May 9, and planning is well underway for this thoroughly educational and fun event. Have you registered yet? If not, here’s just a taste of what you might be missing...
Topics: connections 2018
Are you a Microsoft Windows user who has recently been experiencing difficulty with the responsiveness of your mouse or keyboard and wondering what’s going on? Our IT Support team has received numerous calls for help this week with these very Windows input device issues. The problem applies to desktops, laptops, and other consoles running Windows 7, 8, and 10. So what is happening?
Topics: Windows Automatic Updates
Employee benefits are typically an employer’s second largest expense after payroll. They are also a critical tool for attracting and retaining top talent. The Bureau of Labor Statistics issued a very interesting News Release: Employer Costs For Employee Compensation – September 2017. The study estimates that employee benefits make up 31.7% of an employee’s total compensation, on average.
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