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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. Axed business travel budgets. Final e-filing regs.

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

That trend continued in 2021, with only 34% of small businesses applying for bank loans. A fiscal year simply represents the 12-month period that a business uses for its accounting, taxes, and budgeting purposes. It also depends on the health of the economy, as banks are less willing to give out business loans during recessions.

Finance 105