Do you have a YouTube Channel?

Does your business have its own YouTube channel? If so, Red Wing Software would love to know about it! We may follow your page and occasionally share a video of yours. If you have a YouTube channel, please share it, along with your company name, to this email: stephaniee@redwingsoftware.com.

Third Quarter 2020 Form 941

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.

Did You Know?

Did you know that the Direct Deposit module for CenterPoint Payroll can produce an ACH file compatible with Cachet’s ACH processing solution?
Cachet Financial Services provides secure, convenient, affordable ACH processing services and wire services for payroll-related electronic transactions.
Cachet’s services include:
Direct deposits
Tax payments
Garnishment, benefits & 401k payments
Expense reimbursement payments
Agency checks, fee collection
Wire options for added transaction security
Help with audits
Payroll account reconciliation
$50M crime bond, SOC I Type I audited
Processes ACH transactions up to 9pm ET
For additional information visit their website at https://www.cachetservices.com/

Customers in the News

Red Wing Software Customer: Johnson’s Rolling Acres, Peterson, Minnesota
Story: Johnsons Convert Barn to Tunnel Ventilation
What the story is about: The Johnsons turned a naturally ventilated freestall barn into a tunnel-ventilated facility, allowing them to maintain a more consistent environment year-round.
Red Wing Software Customer: Johnson’s Rolling Acres, Peterson, Minnesota (Again!), and Bomaz Farms, Hammond, Wisconsin
Story: Progressive Events: ABS Global Experience Features Elite Genetics and Technologies
What the story is about: A four-day event where more than 220 visitors got a behind-the-scenes tour of some of the biggest names in genomics.
Red Wing Software Customer: Valley Springs Farm, Reedsburg, Wisconsin
Story: Harms Reinvent their Farm to Continue in Dairying
What the story is about: Don and Dorothy Harms turned part of their farm into a bed and breakfast.
Red Wing Software Customer: Crist Bros. Orchards, Walden, New York
Story: Jenny Crist Kohn makes the Fruit & Vegetable 40 Under 40
What the story is about: Jenny Crist Kohn, of Crist Bros. Orchards, has been named one of the 40 Under 40, Class of 2018.
Red Wing Software Customer: Clay View Dairy, Goodhue, Minnesota
Story: Meyers Recoup after Devastating September Storm
What the story is about: Clay View Dairy provided much needed help to a neighboring farmer, after a tornado struck.
Red Wing Software Customer: Schulze Dairy LLC, Holland, Minnesota
Story: Do Young Farmers See a Future in Dairy?
What the story is about: Three young farmers come back to the farm to continue the family tradition.