2023 Filing Payroll 
Allwork
OCTOBER 3, 2024
higher than through the first nine months of 2023, exceeding the prior year’s running total for the first time this year. That increase, however, has not so far been paralleled by other data measuring job losses, such as the Labor Department’s weekly report on filings for unemployment benefits. In the week ended Sept.
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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BMT Office Administration
JUNE 3, 2023
Section 271 of the Fiscal Responsibility Acts of 2023 ( H.R. Free File is a collaborative effort between the IRS and commercial tax software firms under which taxpayers with incomes under a certain threshold who file simple returns can file their returns, well … for free. 29, which is 60 days from June 30.
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. Final e-filing regs. 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. This is prescient.
BMT Office Administration
MARCH 3, 2023
And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89 Congress routinely showers small businesses with tax preferences. Your taxable income.
BMT Office Administration
MAY 9, 2024
Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0
BMT Office Administration
AUGUST 18, 2023
Final regulations implement the Taxpayer First Act by requiring you to e-file all your information returns—your W-2s, 1099s, 1095s, and other information returns—if you’re filing a combined total of at least 10 returns, beginning with returns filed next year. This is a new standard. Updates will be available in the same way.
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