BMT Office Administration

JANUARY 11, 2023

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. You must tax per diems exceeding the GSA’s rates, unless employees provide a full accounting of their expenses. We wish we had a crystal ball, but we don’t. Here are five items we see coming this year.

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Payroll 2023 Medical Agenda 52

BMT Office Administration

MARCH 3, 2023

For 2023, you can deduct up to $1.16 million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023. In 2023, this amount is $2.89 IRC § 179 puts money in your pocket by letting you take a full tax deduction instead.

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Payroll 2023 Equipment Health 98

Success

JULY 18, 2023

You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. Under the nonelective clause, even if an eligible employee doesn’t contribute to the SIMPLE IRA, the employer must still contribute a percentage based on the annual salary cap of $330,000 in 2023.

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Retirement Salary 2023 Payroll 206

BMT Office Administration

JUNE 16, 2022

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What is the additional burden on the Payroll department?

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Payroll Agencies Budget 2023 97

Allwork

NOVEMBER 8, 2022

As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Starting January 1, 2023, a similar law will go into effect in California for employers with at least 15 employees.

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Salary Payroll International AT&T 246

BMT Office Administration

NOVEMBER 16, 2022

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. It is the end of the year, and that means that tax season is approaching.

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Payroll Forms Filing Expenses 52

BMT Office Administration

JUNE 26, 2023

In fact, ROBS is currently the most popular form of business financing in 2023. The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In Revenue differs from profit in that revenue doesn’t include expenses.

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Finance Expenses Retirement Calendars 105