I hope everyone had a happy and peaceful Thanksgiving. I believe there is a reason that Thanksgiving comes after Election Day in the United States. It gives everyone something to be thankful for. If you’re not thankful for the way the election turned out, you can at least be thankful it’s over.
While our elected officials around the country negotiate for solutions to the many issues we face, we should be planning for our own future within our companies. Your budgeting process for 2015 should be well underway if not finished, and final planning for the rest of 2014 has a top priority. There is still some uncertainty about tax extenders for 2014, so it might be a good idea to consult your accounting professional or financial consultant to get their recommendations.
At Red Wing Software, we are working on the expected changes to payroll taxes that take effect at the beginning of the year, knowing full well that they could all change and we will have to make additional last-minute changes to make sure you have the latest and most accurate calculations. Please watch your e-mail for notices from us on any updates that are available for the software products you use so you start the new year with the most current information.
Please have a safe and Merry Christmas and Happy Hanukkah, and enjoy a prosperous new year.
- Ken Hilton, President