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BusinessWorks Newsletter
December 2014  

Did You Know?

New BusinessWorks Features & Enhancements Are Included In
Software Updates


Following the release of version 2013, Sage began making new features
available within its regularly released software updates/service packs.






 

BusinessWorks Year-end Tips Guide
As the year comes to a close it is important to make sure your accounting software is ready for the new year.

There are a number of things to consider when preparing for year-end. In an effort to help you experience smooth year-end processing, we have included a Sage BusinessWorks Year-end Guide packed with helpful tips. 

If you have year-end questions, please contact Mary Hildinger at mhildinger@dwdtechgroup.com or 260-423-2414.
 
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Indiana Income Tax Rate Changes
Make sure you're prepared for the upcoming Indiana income tax rate changes!

Effective Jan. 1, 2015, the Indiana individual income tax rate will be reduced from 3.4 percent to 3.3 percent.  Sage Software is expected to release a tax table update to address this change in BusinessWorks.

Also, eight Indiana counties have changed their county income tax rates effective Jan. 1, 2015. 
View the list of rates for all Indiana counties.  In order to have the new rates calculate correctly in BusinessWorks, you must manually change the percentage rates for the county codes defined in maintain deduction.

If you need assistance updating county income tax rates, contact Mary Hildinger at mhildinger@dwdtechgroup.com or 260-423-2414.

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Free Year-end Training Provided by Sage
Sage Software will be offering free End of Year training sessions twice a week through the end of December. 

 

The free year-end training sessions include:

  • How to Install Enhanced Tax Reporting and E-filing
  • Processing Fringe Benefits
  • How to Process W-2's in Enhanced Tax Reporting and E-filing
  • Payroll Year End Processing     
You can find and register for these courses on Sage University.
    
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Important Year-end Items to Remember
Year end is rapidly approaching and now is the time to make sure you have everything prepared. 

Remember these key year-end items:
  1. Make sure you order or purchase the correct W-2/1099 forms.
     
  2. We recommend you complete a pre run of your W2s in early December to make sure you have the correct forms and  reconcile payroll information verifying that W2s are correct.
     
  3. It is critical to back up your data.  When completing back ups at the end of the year, back up after the last payroll and save.  Also, back up before closing the payroll year and restore this back up (archive) to a new id such as PR2014.    
If you have year-end questions or need assistance, please contact Mary Hildinger at mhildinger@dwdtechgroup.com or 260-423-2414.