How to save money while hiring with CMS's employment tax credit services. Booth #924
A perfect fit for staffing agencies, in these challenging times there is a way to save money while hiring and growing your business, with Work Opportunity Tax Credits. "WOTC" is a federal program designed to promote the hiring of individuals who qualify as a member of a target group with barriers to employment. Employers participating in the program can receive a Federal Tax Credit (typically $2,400.00) for each qualified new employee, which can be used to reduce your companies federal income tax liability.
Who can take advantage of these tax credits?
For profit companies in the United States i.e. C, S and LLC’s can all apply these tax credits to their Federal Tax Liability. Because Non-Profits and Municipalities don’t pay taxes they would not qualify. In addition, some states have also started similar programs to provide incentives to employers hiring.
Are you taking advantage?
CMS finds most companies are not aware of this federal tax credit, or if they are familiar with the program, they don’t have the resources or don’t want to ask the sensitive questions needed to acquire the tax credits. That’s exactly the reason many companies outsource this function to CMS. CMS performs the screening process of each new hire and thus protects the employer from any sensitive situations and shields them from a liability standpoint.
To learn more please visit CMS's Employment Tax Credit expert Harvey Patyon at Booth #924 or call 860.399.4215 to make an appointment.
Thursday, October 13, 2011
Wednesday, September 28, 2011
Key changes made to R.I. sales tax
Go into effect one week from Saturday
Updated: Saturday, 24 Sep 2011, 10:32 AM EDT
PROVIDENCE, R.I. (WPRI) - Key changes being made to Rhode Island's sales tax will be effective within the next week.
On Saturday, October 1st, the changes for the state's sales tax will be made official.
The 7-percent tax throughout the state will be added to over-the-counter drugs, digital downloads, and even sightseeing tours. Those changes will be made in efforts to help curb the state's $186-million spending deficit.
Video: RI Sales Tax Changes
http://www.youtube.com/watch?v=NIVw5tSeIew
This is just another reminder of the constant changes as state seek to increase sales tax revenues.
Updated: Saturday, 24 Sep 2011, 10:32 AM EDT
PROVIDENCE, R.I. (WPRI) - Key changes being made to Rhode Island's sales tax will be effective within the next week.
On Saturday, October 1st, the changes for the state's sales tax will be made official.
The 7-percent tax throughout the state will be added to over-the-counter drugs, digital downloads, and even sightseeing tours. Those changes will be made in efforts to help curb the state's $186-million spending deficit.
Video: RI Sales Tax Changes
http://www.youtube.com/watch?v=NIVw5tSeIew
This is just another reminder of the constant changes as state seek to increase sales tax revenues.
Tuesday, September 6, 2011
Free MAS User Group: Register Now for November 3rd
CMS Fall User Group - Free Event
Thursday, November 3, 2011
Water's Edge Resort and Spa in Westbrook, CT
Interactive Workshop for MAS Users!
CMS is committed to building a stronger MAS community.
Visit http://www.cmsct.com/newsandevents.html for the meeting summary and to register.
For the first 25 registrants you will be entered into a raffle for a free Kindle and Knowledge Sync user license.
Wednesday, August 3, 2011
What's New in V 4.40.0.06
Q: What’s new in Version 4.40 Product Update 6?
A: You now can save printer information by Workstation for Report Settings and Form Codes! MAS V 4.40.0.06 will retain the last printer used based on the workstation ID.
Q: How can this be of value to me?
A: This can be very handy in multi-user and multi-location environments where each user would like to print to a specific printer. This enhancement is also is extremely beneficial when particular printers are used for different types of printing.
Q: Will this new feature work with every module?
A: This new functionality will work with the following modules: Accounts Payable, Accounts Receivable, Bank Reconciliation, Bill of Materials, Bar Code, Credit Card Processing, General Ledger, Inventory Management, Purchase Order, Return Merchandise Authorization, and Sales Order.
A: You now can save printer information by Workstation for Report Settings and Form Codes! MAS V 4.40.0.06 will retain the last printer used based on the workstation ID.
Q: How can this be of value to me?
A: This can be very handy in multi-user and multi-location environments where each user would like to print to a specific printer. This enhancement is also is extremely beneficial when particular printers are used for different types of printing.
Q: Will this new feature work with every module?
A: This new functionality will work with the following modules: Accounts Payable, Accounts Receivable, Bank Reconciliation, Bill of Materials, Bar Code, Credit Card Processing, General Ledger, Inventory Management, Purchase Order, Return Merchandise Authorization, and Sales Order.
Monday, July 25, 2011
User Group Registration is NOW Open!
Register Now! Computer Management Services Annual Users’ Group Workshop will be on Thursday, November 3, 2011 at the Water’s Edge Resort and Spa in Westbrook, CT. It is scheduled to begin at 9am and will continue until 2:15. We will be covering topics from V 4.5 to Sales Tax, and everything in between. If you are interested in learning more, or if you would like to register, please contact Nikki Spirito.
Friday, July 22, 2011
Connecticut State Payroll Tax Changes Are Taking Effect August 1st
Connecticut has made some significant changes to payroll withholding tax calculations, effective August 1, 2011. In order for the Sage ERP MAS 90 and 200 Payroll module to fully support these complex changes, several areas of the product have changed, including:
•The Connecticut Tax Table
•Program changes to the calculation engine
•New employee filing status for all existing CT employees will be added
Due to this complexity, program changes for the Connecticut withholding tax will be completed for Sage ERP MAS 90 and 200 versions 4.20, 4.30, and 4.40 and will be included in the initial release for version 4.50. Connecticut companies running Payroll on Sage ERP MAS 90 and 200 versions below 4.20 must upgrade to one of the supported versions in order to comply with this new state-legislated change.
What You Need to Do?
These changes will be included in a program change that will be made available to you in late July. In order to accurately calculate CT payroll taxes the program change for CT employers should be applied to your Sage ERP system after the last payroll run in July and before the first payroll in August. Also, prior to the first payroll run in August, Payroll Administrators will need to assign a new employee filing status for any employee that earned CT income in 2011 prior to August 1. Full details on how and when to implement this new change on supported versions of Sage ERP MAS 90 and 200 will be available to you when the program change is released.
Please call Nikki at 860.399.4215 x.202 to schedule time with our CMS product consultants to help you with these new changes or if you need information on upgrading your current Sage ERP system.
•The Connecticut Tax Table
•Program changes to the calculation engine
•New employee filing status for all existing CT employees will be added
Due to this complexity, program changes for the Connecticut withholding tax will be completed for Sage ERP MAS 90 and 200 versions 4.20, 4.30, and 4.40 and will be included in the initial release for version 4.50. Connecticut companies running Payroll on Sage ERP MAS 90 and 200 versions below 4.20 must upgrade to one of the supported versions in order to comply with this new state-legislated change.
What You Need to Do?
These changes will be included in a program change that will be made available to you in late July. In order to accurately calculate CT payroll taxes the program change for CT employers should be applied to your Sage ERP system after the last payroll run in July and before the first payroll in August. Also, prior to the first payroll run in August, Payroll Administrators will need to assign a new employee filing status for any employee that earned CT income in 2011 prior to August 1. Full details on how and when to implement this new change on supported versions of Sage ERP MAS 90 and 200 will be available to you when the program change is released.
Please call Nikki at 860.399.4215 x.202 to schedule time with our CMS product consultants to help you with these new changes or if you need information on upgrading your current Sage ERP system.
Wednesday, June 22, 2011
Simple Sale Tax Processing: FREE webinar this Thursday
Register with Nikki today to attend our free webnar this Thursday at 2 pm (eastern). Learn how you can process your sales tax filing with ease in MAS 90 / 200.
Sage Sales Tax reduces your sales tax audit risk with cloud-based services that make it simple to calculate rates, manage exemption certificates, file forms and remit payments. Get intelligent sales tax calculations in your own software Sage Sales Tax integrates with your accounting or e-commerce software to deliver real-time sales tax calculations based on up-to-date sales and use tax rules.
Sage Sales Tax reduces your sales tax audit risk with cloud-based services that make it simple to calculate rates, manage exemption certificates, file forms and remit payments. Get intelligent sales tax calculations in your own software Sage Sales Tax integrates with your accounting or e-commerce software to deliver real-time sales tax calculations based on up-to-date sales and use tax rules.
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