bivio price increase
attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
Finding the number of transactions per year is pretty simple. Go to the transaction history report and count them. Won't take long.
Peter Dunkelberger
On Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:
attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
HelpLogout
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMARY FRAN NOVAK on08/18/202208/18/2022 GMTWhen will this take effect? Next billing?Sent from my iPhoneOn Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Mary,The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.Thanks,RobLynda J. Feit on08/18/202208/18/2022 GMTHi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on08/18/202208/18/2022 GMTHi Lynda,Your renewal is good. No need to pay more.Cheers,RobPeter Dunkelberger on08/18/202208/18/2022 GMTRob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?Peter DunkelbergerSumner Stock Selectors Investment ClubOn Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Lynda,Your renewal is good. No need to pay more.Cheers,RobPatricia Knapp on08/18/202208/18/2022 GMTWe are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on08/18/202208/18/2022 GMTHi Peter,I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you, Patricia!
Cheers,RobLynda Feit on08/18/202208/18/2022 GMTOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobBoyd Hinds on08/18/202208/18/2022 GMTI have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMargaret Wentworth on08/18/202208/18/2022 GMTDear Rob,This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.Good luck to Bivio going forward. We are rooting for your success.Peg WentworthWomen's Investment ClubLititz PAOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTHi Boyd,> If you run out of transactions before the annual membership renews, what are your options?You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.> Conversely, what if you reach the end of the year and have extra transactions left over?Transactions are only usable during the term of the subscription.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you Margaret and Lynda!Cheers,RobGenie Shoffey on08/18/202208/18/2022 GMTHappy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KS
On 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on08/18/202208/18/2022 GMTWhat our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.Is this included, if not, why?AnnaOn Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobAnna Murray on08/18/202208/18/2022 GMTI sincerely hope so. If I had a programming background I would do it ASAP.AnnaOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobMurphyChadwick, Nancy on08/18/202208/18/2022 GMTHi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-ChadwickFull Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Robert Nagler <nagler@bivio.biz>Date: 8/18/22 12:25 PM (GMT-06:00)To: The Club Cafe <club_cafe@bivio.com>Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.
Thank you for being loyal customers.
Cheers,
Rob
Leonard J Delmolino on08/18/202208/18/2022 GMTWe were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on08/18/202208/19/2022 GMTI would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/18/202208/19/2022 GMTIs there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on08/18/202208/19/2022 GMTThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobPeter Dunkelberger on08/18/202208/19/2022 GMTEveryone "demanded" Bivio raise its prices. We need to be careful what we wish for!Peter DunkelbergerOn Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?
Peter Dunkelberger on08/18/202208/19/2022 GMTVery interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobRobert Nagler on08/18/202208/19/2022 GMTHi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobCharlotte Erwin on08/18/202208/19/2022 GMTOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment ClubOn Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobChad Pritchett on08/19/202208/19/2022 GMTI would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price change
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?
This is always a consideration. If we have enough demand, we will make it a priority.Cheers,Robira smilovitz on08/19/202208/19/2022 GMTPeter,Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/19/202208/19/2022 GMTMy concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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On Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:
attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
HelpLogout
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMARY FRAN NOVAK on08/18/202208/18/2022 GMTWhen will this take effect? Next billing?Sent from my iPhoneOn Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Mary,The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.Thanks,RobLynda J. Feit on08/18/202208/18/2022 GMTHi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on08/18/202208/18/2022 GMTHi Lynda,Your renewal is good. No need to pay more.Cheers,RobPeter Dunkelberger on08/18/202208/18/2022 GMTRob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?Peter DunkelbergerSumner Stock Selectors Investment ClubOn Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Lynda,Your renewal is good. No need to pay more.Cheers,RobPatricia Knapp on08/18/202208/18/2022 GMTWe are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on08/18/202208/18/2022 GMTHi Peter,I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you, Patricia!
Cheers,RobLynda Feit on08/18/202208/18/2022 GMTOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobBoyd Hinds on08/18/202208/18/2022 GMTI have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMargaret Wentworth on08/18/202208/18/2022 GMTDear Rob,This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.Good luck to Bivio going forward. We are rooting for your success.Peg WentworthWomen's Investment ClubLititz PAOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTHi Boyd,> If you run out of transactions before the annual membership renews, what are your options?You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.> Conversely, what if you reach the end of the year and have extra transactions left over?Transactions are only usable during the term of the subscription.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you Margaret and Lynda!Cheers,RobGenie Shoffey on08/18/202208/18/2022 GMTHappy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KS
On 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on08/18/202208/18/2022 GMTWhat our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.Is this included, if not, why?AnnaOn Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobAnna Murray on08/18/202208/18/2022 GMTI sincerely hope so. If I had a programming background I would do it ASAP.AnnaOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobMurphyChadwick, Nancy on08/18/202208/18/2022 GMTHi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-ChadwickFull Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Robert Nagler <nagler@bivio.biz>Date: 8/18/22 12:25 PM (GMT-06:00)To: The Club Cafe <club_cafe@bivio.com>Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.
Thank you for being loyal customers.
Cheers,
Rob
Leonard J Delmolino on08/18/202208/18/2022 GMTWe were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on08/18/202208/19/2022 GMTI would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/18/202208/19/2022 GMTIs there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on08/18/202208/19/2022 GMTThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobPeter Dunkelberger on08/18/202208/19/2022 GMTEveryone "demanded" Bivio raise its prices. We need to be careful what we wish for!Peter DunkelbergerOn Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?
Peter Dunkelberger on08/18/202208/19/2022 GMTVery interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobRobert Nagler on08/18/202208/19/2022 GMTHi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobCharlotte Erwin on08/18/202208/19/2022 GMTOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment ClubOn Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobChad Pritchett on08/19/202208/19/2022 GMTI would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price change
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?
This is always a consideration. If we have enough demand, we will make it a priority.Cheers,Robira smilovitz on08/19/202208/19/2022 GMTPeter,Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/19/202208/19/2022 GMTMy concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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You can view the number of transactions YTD under Administration, Subscriptions.
Near the bottom of the "Subscription" screen there is a "View Receipts" button. After choosing "View Receipts" there is an option at bottom of that screen to view "Previous Receipt" which contains a history of number of transactions for each prior year.
Sent from my iPhone
On Oct 28, 2022, at 9:40 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
Finding the number of transactions per year is pretty simple. Go to the transaction history report and count them. Won't take long.Peter DunkelbergerOn Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
HelpLogout
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMARY FRAN NOVAK on08/18/202208/18/2022 GMTWhen will this take effect? Next billing?Sent from my iPhoneOn Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Mary,The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.Thanks,RobLynda J. Feit on08/18/202208/18/2022 GMTHi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on08/18/202208/18/2022 GMTHi Lynda,Your renewal is good. No need to pay more.Cheers,RobPeter Dunkelberger on08/18/202208/18/2022 GMTRob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?Peter DunkelbergerSumner Stock Selectors Investment ClubOn Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Lynda,Your renewal is good. No need to pay more.Cheers,RobPatricia Knapp on08/18/202208/18/2022 GMTWe are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on08/18/202208/18/2022 GMTHi Peter,I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you, Patricia!
Cheers,RobLynda Feit on08/18/202208/18/2022 GMTOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobBoyd Hinds on08/18/202208/18/2022 GMTI have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMargaret Wentworth on08/18/202208/18/2022 GMTDear Rob,This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.Good luck to Bivio going forward. We are rooting for your success.Peg WentworthWomen's Investment ClubLititz PAOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTHi Boyd,> If you run out of transactions before the annual membership renews, what are your options?You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.> Conversely, what if you reach the end of the year and have extra transactions left over?Transactions are only usable during the term of the subscription.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you Margaret and Lynda!Cheers,RobGenie Shoffey on08/18/202208/18/2022 GMTHappy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KS
On 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on08/18/202208/18/2022 GMTWhat our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.Is this included, if not, why?AnnaOn Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobAnna Murray on08/18/202208/18/2022 GMTI sincerely hope so. If I had a programming background I would do it ASAP.AnnaOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobMurphyChadwick, Nancy on08/18/202208/18/2022 GMTHi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-ChadwickFull Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Robert Nagler <nagler@bivio.biz>Date: 8/18/22 12:25 PM (GMT-06:00)To: The Club Cafe <club_cafe@bivio.com>Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.
Thank you for being loyal customers.
Cheers,
Rob
Leonard J Delmolino on08/18/202208/18/2022 GMTWe were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on08/18/202208/19/2022 GMTI would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/18/202208/19/2022 GMTIs there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on08/18/202208/19/2022 GMTThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobPeter Dunkelberger on08/18/202208/19/2022 GMTEveryone "demanded" Bivio raise its prices. We need to be careful what we wish for!Peter DunkelbergerOn Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?
Peter Dunkelberger on08/18/202208/19/2022 GMTVery interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobRobert Nagler on08/18/202208/19/2022 GMTHi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobCharlotte Erwin on08/18/202208/19/2022 GMTOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment ClubOn Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobChad Pritchett on08/19/202208/19/2022 GMTI would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price change
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?
This is always a consideration. If we have enough demand, we will make it a priority.Cheers,Robira smilovitz on08/19/202208/19/2022 GMTPeter,Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/19/202208/19/2022 GMTMy concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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I belong to a club that just made the switch.
I haven't used the new site extensively yet, but it seems that there are many more reports and other features.
Michele Grinoch
On Friday, October 28, 2022 at 09:45:56 PM EDT, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
Has anyone checked out myICLUB, or has used
myICLUB and has liked it or found it lacking?
Peter Dunkelberger
On Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:
attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
HelpLogout
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMARY FRAN NOVAK on08/18/202208/18/2022 GMTWhen will this take effect? Next billing?Sent from my iPhoneOn Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Mary,The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.Thanks,RobLynda J. Feit on08/18/202208/18/2022 GMTHi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on08/18/202208/18/2022 GMTHi Lynda,Your renewal is good. No need to pay more.Cheers,RobPeter Dunkelberger on08/18/202208/18/2022 GMTRob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?Peter DunkelbergerSumner Stock Selectors Investment ClubOn Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Lynda,Your renewal is good. No need to pay more.Cheers,RobPatricia Knapp on08/18/202208/18/2022 GMTWe are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on08/18/202208/18/2022 GMTHi Peter,I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you, Patricia!
Cheers,RobLynda Feit on08/18/202208/18/2022 GMTOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobBoyd Hinds on08/18/202208/18/2022 GMTI have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMargaret Wentworth on08/18/202208/18/2022 GMTDear Rob,This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.Good luck to Bivio going forward. We are rooting for your success.Peg WentworthWomen's Investment ClubLititz PAOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTHi Boyd,> If you run out of transactions before the annual membership renews, what are your options?You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.> Conversely, what if you reach the end of the year and have extra transactions left over?Transactions are only usable during the term of the subscription.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you Margaret and Lynda!Cheers,RobGenie Shoffey on08/18/202208/18/2022 GMTHappy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KS
On 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on08/18/202208/18/2022 GMTWhat our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.Is this included, if not, why?AnnaOn Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobAnna Murray on08/18/202208/18/2022 GMTI sincerely hope so. If I had a programming background I would do it ASAP.AnnaOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobMurphyChadwick, Nancy on08/18/202208/18/2022 GMTHi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-ChadwickFull Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Robert Nagler <nagler@bivio.biz>Date: 8/18/22 12:25 PM (GMT-06:00)To: The Club Cafe <club_cafe@bivio.com>Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.
Thank you for being loyal customers.
Cheers,
Rob
Leonard J Delmolino on08/18/202208/18/2022 GMTWe were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on08/18/202208/19/2022 GMTI would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/18/202208/19/2022 GMTIs there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on08/18/202208/19/2022 GMTThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobPeter Dunkelberger on08/18/202208/19/2022 GMTEveryone "demanded" Bivio raise its prices. We need to be careful what we wish for!Peter DunkelbergerOn Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?
Peter Dunkelberger on08/18/202208/19/2022 GMTVery interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobRobert Nagler on08/18/202208/19/2022 GMTHi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobCharlotte Erwin on08/18/202208/19/2022 GMTOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment ClubOn Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobChad Pritchett on08/19/202208/19/2022 GMTI would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price change
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?
This is always a consideration. If we have enough demand, we will make it a priority.Cheers,Robira smilovitz on08/19/202208/19/2022 GMTPeter,Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/19/202208/19/2022 GMTMy concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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They are different. The broker sync is only done on request. The best way is to find out by yourself and sign up for a trial and transfer your data. Work on both at the same time. You can create an account and work with the demo club.
I belong to a club that just made the switch.I haven't used the new site extensively yet, but it seems that there are many more reports and other features.Michele GrinochOn Friday, October 28, 2022 at 09:45:56 PM EDT, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Has anyone checked out myICLUB, or has used myICLUB and has liked it or found it lacking?Peter Dunkelberger
Hi Norman--Are with a club that has used both?
Peter Dunkelberger
They are different. The broker sync is only done on request. The best way is to find out by yourself and sign up for a trial and transfer your data. Work on both at the same time. You can create an account and work with the demo club.I belong to a club that just made the switch.I haven't used the new site extensively yet, but it seems that there are many more reports and other features.Michele GrinochOn Friday, October 28, 2022 at 09:45:56 PM EDT, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Has anyone checked out myICLUB, or has used myICLUB and has liked it or found it lacking?Peter Dunkelberger
Hi Michele, keep us posted on your progress. If you feel more comfortable communicating about it directly, I am at Peter.Dunkelberger@gmail.com
Thanks,
Peter Dunkelberger
I belong to a club that just made the switch.I haven't used the new site extensively yet, but it seems that there are many more reports and other features.Michele GrinochOn Friday, October 28, 2022 at 09:45:56 PM EDT, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Has anyone checked out myICLUB, or has used myICLUB and has liked it or found it lacking?Peter DunkelbergerOn Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
HelpLogout
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMARY FRAN NOVAK on08/18/202208/18/2022 GMTWhen will this take effect? Next billing?Sent from my iPhoneOn Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Mary,The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.Thanks,RobLynda J. Feit on08/18/202208/18/2022 GMTHi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on08/18/202208/18/2022 GMTHi Lynda,Your renewal is good. No need to pay more.Cheers,RobPeter Dunkelberger on08/18/202208/18/2022 GMTRob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?Peter DunkelbergerSumner Stock Selectors Investment ClubOn Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Lynda,Your renewal is good. No need to pay more.Cheers,RobPatricia Knapp on08/18/202208/18/2022 GMTWe are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on08/18/202208/18/2022 GMTHi Peter,I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you, Patricia!
Cheers,RobLynda Feit on08/18/202208/18/2022 GMTOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobBoyd Hinds on08/18/202208/18/2022 GMTI have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobMargaret Wentworth on08/18/202208/18/2022 GMTDear Rob,This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.Good luck to Bivio going forward. We are rooting for your success.Peg WentworthWomen's Investment ClubLititz PAOur Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.Lynda FeitTreasurer, TERICOn Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:Thank you, Patricia!
Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTHi Boyd,> If you run out of transactions before the annual membership renews, what are your options?You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.> Conversely, what if you reach the end of the year and have extra transactions left over?Transactions are only usable during the term of the subscription.Cheers,RobRobert Nagler on08/18/202208/18/2022 GMTThank you Margaret and Lynda!Cheers,RobGenie Shoffey on08/18/202208/18/2022 GMTHappy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KS
On 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on08/18/202208/18/2022 GMTWhat our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.Is this included, if not, why?AnnaOn Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.Cheers,
RobRobert Nagler on08/18/202208/18/2022 GMTHi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobAnna Murray on08/18/202208/18/2022 GMTI sincerely hope so. If I had a programming background I would do it ASAP.AnnaOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobMurphyChadwick, Nancy on08/18/202208/18/2022 GMTHi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-ChadwickFull Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Robert Nagler <nagler@bivio.biz>Date: 8/18/22 12:25 PM (GMT-06:00)To: The Club Cafe <club_cafe@bivio.com>Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.
Thank you for being loyal customers.
Cheers,
Rob
Leonard J Delmolino on08/18/202208/18/2022 GMTWe were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on08/18/202208/19/2022 GMTI would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/18/202208/19/2022 GMTIs there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on08/18/202208/19/2022 GMTThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobPeter Dunkelberger on08/18/202208/19/2022 GMTEveryone "demanded" Bivio raise its prices. We need to be careful what we wish for!Peter DunkelbergerOn Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?
Peter Dunkelberger on08/18/202208/19/2022 GMTVery interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobRobert Nagler on08/18/202208/19/2022 GMTHi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobCharlotte Erwin on08/18/202208/19/2022 GMTOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment ClubOn Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.Cheers,RobChad Pritchett on08/19/202208/19/2022 GMTI would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price change
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?CharlotteCaltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Len,
> Is there any plan to add Two-Factor Authentication?
This is always a consideration. If we have enough demand, we will make it a priority.Cheers,Robira smilovitz on08/19/202208/19/2022 GMTPeter,Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?Peter DunkelbergerThe problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.Ira SmilovitzOn Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:I would think there might be commercially available software at a reasonable price.Peter DunkelbergerOn Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:Hi Anna,> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.Cheers,
RobLeonard J Delmolino on08/19/202208/19/2022 GMTMy concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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The Bivio -> Administration -> Subscription page will show your club's subscription YTD transaction count.
- Michael Boyd, Salt Pond Investment Club
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Peter Dunkelberger via bivio.com
Sent: Friday, October 28, 2022 9:39 PM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] bivio price increase
Finding the number of transactions per year is pretty simple. Go to the transaction history report and count them. Won't take long.
Peter Dunkelberger
On Wed, Oct 26, 2022 at 10:22 AM M. DANICE CHISHOLM via bivio.com <user*29753200001@bivio.com> wrote:
attached are 2 articles that explain the price increase and
types of memberships. Basically, they are going broke.
Haven't had a price increase for 7 years. wanted to go
nonprofit and change business model but members didn't go
for it. Not sure that would have changed cost/revenue
situation. We have the preferred membership which is based
on # of transactions per year. I don't know what our
historical usage has been, but this year we have used 180 of
our 400 transactions through September. We will have to
find out what counts as transactions, etc- but that will
take time. I recommend that we continue the preferred
membership this year and do more research to see if the
basic would work for us in the future. danice
[ ]Only in The Club Cafe
Robert Nagler on
08/18/202208/18/2022 GMT
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.
Cheers,
RobMARY FRAN NOVAK on
08/18/202208/18/2022 GMT
When will this take effect? Next billing?
Sent from my iPhone
On Aug 18, 2022, at 12:25 PM, Robert Nagler <nagler@bivio.biz> wrote:
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.
Cheers,
RobRobert Nagler on
08/18/202208/18/2022 GMT
Hi Mary,
The price change is effective immediately, but not everybody renews at the same time. You will see the price change the next time you renew.
Thanks,
Rob
Lynda J. Feit on
08/18/202208/18/2022 GMT
Hi,
We just recently paid for our renewal; the check has cashed,
and posted. Our official renewal date is next month (Sept).
Does this mean we don't pay the higher fee now? Or do I
send the (new) balance due now?
Thanks,
Lynda
TERIC Investment ClubRobert Nagler on
08/18/202208/18/2022 GMT
Hi Lynda,
Your renewal is good. No need to pay more.
Cheers,
Rob
Peter Dunkelberger on
08/18/202208/18/2022 GMT
Rob, tell me if my math is good. You added roughly $100 to your average club bill, and you have 1600 clubs, so you get roughly $160k out of the deal. That seems to be one solid tech person plus benefits, which leaves you and Paul still out there hustling outside of Bivio. I would not get into your knickers like this, but you did more or less invite your members to jump in with both feet.
You wrote that if Bivio would have increased prices over the past seven years you would have gotten to roughly the same place.
The same place is not where you want to be. You want to be ahead of the curve and I would think you and Paul want to be under the same corporate roof pushing Bivio as an investment club go-to kind of firm. Will you be able to do what you want with this?
Peter Dunkelberger
Sumner Stock Selectors Investment Club
On Thu, Aug 18, 2022 at 3:04 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Lynda,
Your renewal is good. No need to pay more.
Cheers,
Rob
Patricia Knapp on
08/18/202208/18/2022 GMT
We are pleased with your decision.
Patricia Knapp
Sent from my iPad
> On Aug 18, 2022, at 3:04 PM, Robert Nagler <nagler@bivio.biz> wrote:
>
>
> Hi Lynda,
>
> Your renewal is good. No need to pay more.
>
> Cheers,
> Rob
>Robert Nagler on
08/18/202208/18/2022 GMT
Hi Peter,
I appreciate your math and your concern for our finances. Our goal was to double revenue, which we will do if we don't lose many customers. So far the feedback has been very positive so keep those cards and letters coming!
We need a really good programmer, and we found one. He's watching your responses as you write them to help with his decision.
One of the bits of magic about what we have created with Bivio is that we can maintain it with very little programming time. The reason we need a full-time programmer is to add features such as e-filing and to make some improvements. With one full-time programmer, Paul and I will be able to support Bivio quite easily.
Cheers,
Rob
Robert Nagler on
08/18/202208/18/2022 GMT
Thank you, Patricia!
Cheers,Rob
Lynda Feit on
08/18/202208/18/2022 GMT
Our Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.
Lynda Feit
Treasurer, TERIC
On Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:
Thank you, Patricia!
Cheers,Rob
Boyd Hinds on
08/18/202208/18/2022 GMT
I have a question about the subscription length and the transactions. If you run out of transactions before the annual membership renews, what are your options?
Conversely, what if you reach the end of the year and have extra transactions left over? Does the subscription continue until the transactions are used up? Or do the transactions expire?
On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.
Cheers,
RobMargaret Wentworth on
08/18/202208/18/2022 GMT
Dear Rob,
This is the best result for those of us who have relied on Bivio for most of our club's history. I suspect I am not the only treasurer who would have had a problem going forward without your service and advice.
As a club that has to file PA state taxes, we know from experience what a time-consuming pain in the neck that is to do without Bivio. Your modest added fee for that service is well priced.
Good luck to Bivio going forward. We are rooting for your success.
Peg Wentworth
Women's Investment Club
Lititz PA
On Thu, Aug 18, 2022 at 3:42 PM Lynda Feit via bivio.com <user*26876200001@bivio.com> wrote:
Our Club is very happy about your decision, and supports the choices you've made to increase price, and hire additional programmer staff. Our history with Bivio has been long, and very positive. We look forward to many more years of excellent support, and the additional changes you mention.
Lynda Feit
Treasurer, TERIC
On Thu, Aug 18, 2022 at 12:33 PM Robert Nagler <nagler@bivio.biz> wrote:
Thank you, Patricia!
Cheers,Rob
Robert Nagler on
08/18/202208/18/2022 GMT
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
Robert Nagler on
08/18/202208/18/2022 GMT
Thank you Margaret and Lynda!
Cheers,
Rob
Genie Shoffey on
08/18/202208/18/2022 GMT
Happy you will continue this valuable service.
Also, the questions and answers on the price increase are very helpful.
Thanks,
Genie Shoffey
Leawood, KSOn 8/18/2022 2:55 PM, Robert Nagler wrote:
Hi Boyd,
> If you run out of transactions before the annual membership renews, what are your options?
You can renew your subscription at any point during the year to add additional transactions and extend the time till your subscription expires.
In other words, your subscription expires when on the end date OR when you use up all your transactions, whichever comes first.
> Conversely, what if you reach the end of the year and have extra transactions left over?
Transactions are only usable during the term of the subscription.
Cheers,
Rob
--
Thanks,
Genie
(816) 516-3727Anna Murray on
08/18/202208/18/2022 GMT
What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
Is this included, if not, why?
Anna
On Thu, Aug 18, 2022 at 1:24 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.
Cheers,
RobRobert Nagler on
08/18/202208/18/2022 GMT
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobAnna Murray on
08/18/202208/18/2022 GMT
I sincerely hope so. If I had a programming background I would do it ASAP.
Anna
On Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobMurphyChadwick, Nancy on
08/18/202208/18/2022 GMT
Hi Rob,
Could you provide a list of the options provided under our current subscription? It would help to have this as I present the three new subscription options. As others have stated as treasurer of Full Circle I rely heavily on the services you all provide as do our other members.
Thank you for keeping us all updated!
Nancy Murphy-Chadwick
Full Circle Investment Club
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------
From: Robert Nagler <nagler@bivio.biz>
Date: 8/18/22 12:25 PM (GMT-06:00)
To: The Club Cafe <club_cafe@bivio.com>
Subject: [club_cafe] Price change
Hi everyone,
We really appreciate everybody's feedback to the non-profit idea (read discussion here). We heard you loud and clear: keep Bivio running as it is. We're on it!
We have identified a very talented candidate to help us maintain and enhance the software. Discussions are ongoing. More news will follow.
Many of you suggested we raise prices to allow us to hire a full-time programmer. Our last price increase was seven years ago. In hindsight, not raising prices more frequently was a mistake as it limited our capacity for keeping up with technical advances. From a fiscal perspective, you've had the benefit of seven years without price increases.
Today, we took your advice and raised prices on all of our services. Please visit our Prices page. We realize the amount of this price increase is going to be a surprise for many of you. If we had increased prices modestly over seven years, we would have arrived at the same prices.
You said that you want Bivio to stay as it is or be even better. With this increase, we will be able to do that.Thank you for being loyal customers.
Cheers,
RobLeonard J Delmolino on
08/18/202208/18/2022 GMT
We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on
08/18/202208/19/2022 GMT
I would think there might be commercially available software at a reasonable price.
Peter Dunkelberger
On Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobLeonard J Delmolino on
08/18/202208/19/2022 GMT
Is there any plan to add Two-Factor Authentication?
Len Delmolino
Massachusetts High Flyers Investment Clubira smilovitz on
08/18/202208/19/2022 GMT
The problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.
Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.
Ira Smilovitz
On Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I would think there might be commercially available software at a reasonable price.
Peter Dunkelberger
On Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobPeter Dunkelberger on
08/18/202208/19/2022 GMT
Everyone "demanded" Bivio raise its prices. We need to be careful what we wish for!
Peter Dunkelberger
On Thu, Aug 18, 2022 at 7:57 PM Leonard J Delmolino via bivio.com <user*27879700001@bivio.com> wrote:
We were already reminded to renew and were planning to do so
at the old price. Is the new price effective immediately?
Shouldn't there have been some advance warning of when the
price would increase?Peter Dunkelberger on
08/18/202208/19/2022 GMT
Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.
But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?
Peter Dunkelberger
On Thu, Aug 18, 2022 at 8:28 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
The problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.
Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.
Ira Smilovitz
On Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I would think there might be commercially available software at a reasonable price.
Peter Dunkelberger
On Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobRobert Nagler on
08/18/202208/19/2022 GMT
Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.
Cheers,
Rob
Charlotte Erwin on
08/18/202208/19/2022 GMT
Our club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?
Charlotte
Caltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.
Cheers,
Rob
Chad Pritchett on
08/19/202208/19/2022 GMT
I would vote in favor of NOT burdening us with Two-Factor Authentication. I don't view not having it as a significant risk given that it is simply an accounting system, not access to real assets.
-Chad
-----Original Message-----
From: Charlotte Erwin via bivio.com <user*35361800001@bivio.com>
To: club_cafe@bivio.com
Sent: Thu, Aug 18, 2022 9:49 pm
Subject: Re: [club_cafe] Re: Price changeOur club would definitely favor the two-factor ID. We've worried about security since we realized that bivio does not log you out automatically. If you just close the program you are not logged out. Isn't this a risk?
Charlotte
Caltech Women's Investment Club
On Thu, Aug 18, 2022 at 6:52 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Len,
> Is there any plan to add Two-Factor Authentication?This is always a consideration. If we have enough demand, we will make it a priority.
Cheers,
Rob
ira smilovitz on
08/19/202208/19/2022 GMT
Peter,
Bottom line is that it will cost you $125 to purchase software that will provide federal only efiling capability. The cost to enter the appropriate data for the return is the monetary value of the time invested. There isn't a product that provides efiling capability for a return prepared outside of the efiling software.
Ira Smilovitz
On Thu, Aug 18, 2022 at 8:58 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
Very interesting. I would have thought that a 1065 prep software would allow for varying partnership allocations during the year. But I have never really thought it through.
But if Bivio does the accounting for the year, and then generates the return, all you are looking for is a vehicle to do the electronic filing once the return is prepared. Isn't that different from software that prepares the return?
Peter Dunkelberger
On Thu, Aug 18, 2022 at 8:28 PM ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
The problem with retail software that "could" produce a partnership return is that none of them prepare an investment club return correctly. Commercial software (both retail and professional) is designed to prepare returns where the partnership percentages are constant throughout the year. They then apply those percentages to the club totals for the relevant items (dividends, capital gains, expenses, etc.) to generate the K-1s. Most investment clubs have changing percent ownership throughout the year. The way you would have to prepare the return using software which isn't customized for investment clubs would be to calculate what each K-1 entry should be outside of the software and then enter the amounts as overrides to the amounts calculated by the software. This is time consuming and prone to errors.
Probably the least expensive software out there for filing a partnership return (federal only) is TaxAct at $125.
Ira Smilovitz
On Thu, Aug 18, 2022 at 8:00 PM Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:
I would think there might be commercially available software at a reasonable price.
Peter Dunkelberger
On Thu, Aug 18, 2022 at 6:21 PM Robert Nagler <nagler@bivio.biz> wrote:
Hi Anna,
> What our club really wanted was electronic filing with the IRS. I looked at your price list and none of the options include this.
>
> Is this included, if not, why?It has to be programmed first. This is why we are raising prices. We need to hire a full-time programmer who will have this as one of their tasks. It will not be ready for the 2022 tax year. However, there's a good chance we'll have it ready for 2023.
Cheers,
RobLeonard J Delmolino on
08/19/202208/19/2022 GMT
My concern is not so much about the monetary asset info
stored in Bivio. Instead we are concerned with protecting
the personal information that is stored in Bivio (social
security numbers, adresses, etc.)
Len Delmolino
Massachusetts High Flyers Investment Club
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