Let's start with a brief presentation of the concept. Whether you realize it or not, you already know the technology, because we use it every day in our daily work, such as whenever we connect to mobile applications. The API makes it easy to synchronize applications in real time, the most common case being when we connect to a site using existing Gmail or Facebook accounts. What happens in the back is possible because of the API technology that extracts the information from those accounts and uses it to connect to the site we want to enter.
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The beginning of 2018 brought a reorganization of the compulsory social contributions system to be paid by employers for their own employees. If last year we had six contributions, this year we have only three: some have been merged and others have been redeployed between employer and employee.
The CAS, ie 25% of the social security contribution (pensions), is due to individuals with the quality of employee and is retained from income.
The CASS (contribution to health insurance) of 10% is paid by the insured person, who earns salary but also other income from dividends, interest or other independent activities.
The CAM or 2.25% employment insurance contribution is payable by employers and the base is the gross wage bill. This contribution includes the risk and accident fund, the unemployment fund, the sick leave fund and the guarantee wage claim fund. In addition, employers pay 4 and 8 percent extra for special and special work conditions.
The Tax Code entered into force on 1 January 2018 has brought about a number of changes andat the level of personal income tax, income tax for micro-enterprises and corporate tax.
Income tax
Individuals pay a 10% tax on all taxable income categories, except for dividend income for which the 5% quota is retained. The tax on income from salaries is retained by the employer, who is obliged to submit the declaration and make the payment to the state budget.
Starting with 2018, the micro-enterprise income level is € 1 million, calculated at the NBR exchange rate as of 31 December 2017. Income tax for micro-enterprises remains at 1% for those with a full-time employee and 3% for non-employees .
Profit tax
Companies earning between 500,000 and 1,000,000 euros are taxed 1% on turnover.
These are just a few of the changes foreseen in the Fiscal Code that came into force on 1 January.
The introduction of the new VAT collection mechanism, known as VAT Split, was included in GO no. 23/2017, which states that as of 1 January 2018 companies registered for VAT purposes will have to open a new VAT account. Although several forms of Split VAT were circulated in its final form published in the Official Gazette, the document states that the VAT splitting mechanism is only mandatory for insolvent firms and those paying VAT, the other companies being able to opt for split VAT on a voluntary basis.
It was a fantastic year for us here at BITSoftware and we are happy to end it together with a brief review of our most important news.
We continued to develop our ERP, CRM, BI, WMS, and payroll solutions, and continued to specialize on our customers' verticals, succeeding in attracting important names that have joined our more than 250 customers. Optical Disc Solutions (Mediadocs), Europayment, DFR Systems, Sabo Machinery, Reflex Facades, Hog Slat, Ropeco, World Media Trans, SUT Carpathians, Rasova Wine, Delaco or Greenland Serv are just a few of this year's new customers.
Without an IT solution, companies in Romania are facing complicated staff management processes. Human resources teams juggle with thousands of documents, manually entering and checking all information related to employment contracts, payroll, pockets, holidays. And as in any manual work, it takes a lot of time and resources to lose, and it is inevitable that no mistakes can be made, which can lead to fines following ITM checks.
Stocks are money, money is blocked. Therefore, some of the most important tasks in both production and distribution are to reduce stock levels and at the same time avoid out-of-stock situations. A fine line and a fairly difficult balance to maintain if there is no continuous tracking and optimization process implemented.
The new BITSoftware site (www.bitsoftware.eu ) now has customized content for the industries we are addressing, because we want to evolve and be with customers, potential customers and partners all the time with more diverse information. In the new website, you discover a user-friendly interface with a fresh design and that ensures faster access to the information you need from any device.
The right stock at the right location at the right time, delivering more profit with less stock
In retail, due to the increasing and more complex flow of goods generated by e-commerce and the order processing time that gets shorter and shorter (from order to delivery), the logistics costs of warehouses are rising. Throughout the supply chain, the warehouse faces the greatest cost-related challenges. Why? Because the number of orders is increasing, the delivery methods have become more complex, and the warehouse is also handling B2B and B2C orders, each with its own specificity. This requires great flexibility, making planning work more difficult because of orders, which must be packaged and shipped in the same way, which means that it is very difficult, if not impossible, to make an advance planning.
BITSoftware News
We started the week full of energy and good will and prepared a special article in which we try to briefly present the latest and freshest information about our work.
The new G SuiteCalendar comes with a fresh look and new features designed to help us manage our time and tasks more efficiently, but also to better prepare for them.
More details about the meeting rooms
G Suite administrators now have the ability to enter detailed meeting room information so that employees know where they are located, how big they are, and whether they have audio and video playback equipment that may be needed for presentations.