1. Presented by Tami Tyner
Forum for HB5
Presented by Tami Tyner

2. HB5 Released Changes
PI calculation override for HB5 rates and dates for tax year 2016 forward and an option to shut off PI calculations.
Added holiday maintenance menu item for users to specify their holidays for the year.
Auto PI warning for separating 2016 forward for HB5 rates.
Payment plan warning on 2016 year forward for interest rate and no monthly penalty.

3. HB5 Released Changes
Changed Quick JE to use the former JE amount for years 2015 and prior and to use $10 for 2016 forward.
Added a withholding remittance report so that users could see and change the pays/year on withholding accounts per HB5 rules.
Added a message to payable refund report that $10 and under need not be issued.
Changed the due dates on our standard Net profit declaration statement print.

4. HB5 Proposed Changes
Withholding Quarterly due date moved from 15 days after the quarter to the last day of the month after the quarter ends.
Penalty and Interest calculation on type 15 transactions.
Report for the state requested NOL actual and projected figures, if needed.
NOL 5 year carry forward phase in; discussion is needed.

5. NOL Discussion
For those with current 5 year NOL carry, does their process change?
2 Interpretations of the available amount in :
50% of the original loss amount can be used
50% of the remaining loss amount can be used
See the example spreadsheet

6. Contact CMI To change dates on custom forms
To adjust Pre-HB5 Penalty and Interest calculations
To shut off Penalty and Interest calculations
When you know about legislation changes locally or at state level that have been passed and affect your software, such as rates, credits, or dates

7. Questions?
Let’s take a few minutes to cover any questions you may have about the material presented.

8. Thank you!
We’re glad you were here and hope this session had value for you. If you have any questions, please contact us using the methods below:
Presenter’s Name: Tami Tyner
Presenter’s Phone number: X3152
Presenter’s