Important 2024 Tax Table Update Information

09 January 2024 connies Customer Information

On December 20, 2023, Red Wing Software released the first 2024 tax table update. Please download and install this update prior to your first pay run of 2024.

What's Included in the Update?
CenterPoint Payroll 2024 Tax Table Update version 18.12 - All required Federal and FICA tax changes effective January 1, 2024, and the FICA Wage Base Limit change to $168,600, as well as 2024 State tax changes received by December 19, 2023. To view the tax changes and download the 2024 Tax Table Update, check our website for current information.
Important notice for Colorado, Iowa and Montana: These states significantly changed their tax calculations. Prior to running your first pay run of 2024, we recommend verifying your employee tax setup. Check with your state Department of Revenue for more details.
To verify your employee setup:
• Install the version 18.12 tax table update.
• Open CenterPoint Payroll.
• Select Setup > Employees.
• Edit an employee and select the Taxes tab.
• Select your state withholding tax and verify the 01/01/24 Tax Detail setup on each employee.

Year-End Procedures

26 December 2023 connies Customer Information
Software Program Year-End FAQ Document
CenterPoint Accounting for Agriculture Click Here
CenterPoint Accounting Click Here
CenterPoint Fund Accounting Click Here
CenterPoint Payroll Click Here

Subject to change prior to year-end.
CenterPoint year-end documents can also be accessed directly from the Help section. From our website at www.redwingsoftware.com, select Menu. Under your CenterPoint product, select Help. In the Search bar, enter Year-end Frequently Asked Questions or by logging into our website at www.redwingsoftware.com from the My Account Home page, select End of Year.

Year-End Tax Forms

07 December 2023 connies Customer Information
As the end of 2023 approaches, we would like to suggest the perforated paper and envelopes that you may need to purchase for processing W-2s, 1099s, and ACA forms (for CenterPoint Payroll only). Perforated paper and envelopes can be purchased from Computer Forms, Inc. by clicking here, by calling 800-458-0158, or by clicking the Order Checks and Forms icon on the Red Wing Software website. All orders are 25% off until December 31, 2023 (use promotion code RWCFITD when ordering). You can filter your selections by using the Type filter on the left side of the screen.
All W-2 and 1099 forms (including the Copy A (often called the “red copy”) and your 1096) can be printed on the same plain perforated paper (if you choose to order the blank perforated paper with no backer instructions) and use the same envelope. You can print the W-2 and 1099 forms on plain paper, but the IRS recommends the forms be printed on perforated paper. The W-3 can be printed on blank plain paper.

Online Training

17 July 2023 connies Customer Information
New CenterPoint online training sessions are now being offered. These 1-2 hour sessions provide in-depth information and explanations that allow you to learn more about CenterPoint from anywhere you can access the internet (high-speed internet connection recommended). One of our CenterPoint experts presents the session live while you view the presenter's computer screen. You will have the opportunity to ask questions. Afterward, a pre-recorded video on the topic will be available for reference.
You can view and register for all available sessions by clicking here or click the session link below.
How to Get the Most Out of CenterPoint Reports
  Wednesday, July 26, 2023
9:30 am – 11:45 am CDT
Cost: $69.00
CenterPoint Payroll H-2A Workflow
  Wednesday, August 2, 2023
9:30 am – 11:30 am CDT
Cost: $59.00
Note: The session materials will be available one week prior to the session on 7/26/23.
Paperless Payroll with CenterPoint (Time Clock, Pay Advices, Employee Portal, Tax Reporting, etc.)
  Thursday, August 3, 2023
9:30 am – 11:30 am CDT
Cost: $59.00
Advanced Inventory Module for CenterPoint Accounting/CenterPoint Accounting for Agriculture
  Wednesday, August 23, 2023
9:30 am – 11:30 am CDT
Cost: $59.00
Budgeting Basics for CenterPoint Accounting/Fund Accounting
  Wednesday, September 13, 2023
9:30 am – 11:30 am CDT
Cost: $59.00
Advanced Budgeting for CenterPoint Accounting/Fund Accounting
  Thursday, September 14, 2023
9:30 am – 11:30 am CDT
Cost: $59.00
CenterPoint Payroll – Vacation and Paid Time Off Leave Processing
  Thursday, September 28, 2023
9:30 am – 11:00 am CDT
Cost: $49.00
Red Wing Software offers pre-recorded On Demand Training Videos as well as live training sessions. The pre-recorded sessions can be purchased with 30-day access and viewed as many times as you like during the 30 days, giving you the flexibility to access training at any point from anywhere! You can view and purchase all available pre-recorded sessions by clicking here.