BMT Office Administration

MAY 25, 2023

Mamo reviewed some initiatives, including IRIS , the IRS’ new simplified platform for filing 1099s. Information return filers filed about 300,000 to 400,000 1099s through IRIS this past winter. In July the IRS will roll out a bulk filing feature for IRIS. modernized e-file), and the data is extracted and dropped into a schema.

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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 From the implementation of SECURE 2.0

Payroll 52

Payroll 2024 Filing Expenses 52

Success

JULY 18, 2023

You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. A Solo 401(k) owner must file an annual report with the IRS if the account’s assets are over $250,000, which can be tedious. How is a self-employed retirement plan different from a 401(k)?

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BMT Office Administration

AUGUST 9, 2023

The NTA, for example, has suggested placing bar codes on paper forms to speed the process, which the IRS has roundly rejected, even though the Social Security Administration allows bar codes on W-2s. What’s ahead for paperless filing You can still file on paper, if you choose. MeF accepts files in the XML format only.

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Forms Filing Payroll Agencies 52

BMT Office Administration

JULY 3, 2023

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Why is that?

Filing 52

Filing Payroll Medical Legal 52

The Small Business Blog

OCTOBER 17, 2007

» « Previous Entries This entry was posted on Wednesday, October 17th, 2007 at 3:30 pm and is filed under Accounting , DIY Business , Question & Answer , Small Business / SOHO , Sole-Trader. For example, a purchase of petrol. « Q & A: What Are The Problems With Staff In A Small Business? Revolutionary eh!

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Eco-Office Gals

MARCH 6, 2019

A good example of a disregarded entity is the limited liability companies. Also, a business owner with a limited liability company gets to avoid double taxation as well as enjoy easy tax filing. For example, you decide to make payments for most of your January expenses in December. Have A Retirement Plan. Pay Your Bills Early.

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Retirement Payroll Expenses Gifts 100

BMT Office Administration

JULY 28, 2022

The American Payroll Association’s code of ethics includes eight points, but let’s stick to three of them: To strive for perfect compliance, accuracy, and timeliness of all payroll activities. To maintain the absolute confidentiality of the payroll within the procedures of the employer. No, according to the IRS.

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Payroll Salary Forms Filing 59

BMT Office Administration

FEBRUARY 23, 2023

We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. 31 e-filing deadline, we made an educated guess and said it wouldn’t make the same mistake again. Options for small employers: Small employers may never have thought about e-filing.

Filing 52

Filing 2024 Forms 2016 52

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. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What is a W-2?

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Payroll Filing Forms Expenses 52

BMT Office Administration

OCTOBER 26, 2023

The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. Big break: The IRS will treat withdrawn claims as if they were never filed, so no penalties or interest will be levied. Worse: They may face criminal prosecution.

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Fax Payroll Filing Staples 52

BMT Office Administration

DECEMBER 19, 2022

If you aren’t part of HR or are new to the department, you may not know which employment records you need to keep on file. After all, the US Department of Labor has some stringent requirements for employee files, including some federal laws. Confidential employee files. These files include: Worker’s compensation claims.

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Medical Payroll Filing Legal 52

The Small Business Blog

JUNE 10, 2009

As an example, Bookkeeping will start at £9.85 We have been training a large number of virtual assistants in all aspects of our service offerings for months and we are very confident we can provide a professional and extremely cost-effective service to all our clients. You can follow any responses to this entry through the RSS 2.0

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Page Personnel

AUGUST 26, 2022

For example, answering phones, taking messages, purchasing office equipment, working with relevant software and filing paperwork. Office managers may also draft documents, help with payroll, keep an organised office environment and communicate via phone, email and fax (yes, some companies are still using fax machines).

Management 52

Management Payroll Fax Suppliers 52

Small Business CEO

DECEMBER 15, 2009

Some examples: Customer service calls need to record details about the call and any follow up. Instead, for example, a resolution of “request service&# can automatically create a ticket in the maintenance system. The old process of having paper files required moving the file to each level of approver.

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Expenses Customer Service Equipment Filing 40

BMT Office Administration

APRIL 7, 2022

The Taxpayer Advocate Services’ (TAS) solution is to issue a Taxpayer Advocate Directive giving the IRS 45 days to work with the tax software industry to develop a plan to implement 2-D barcodes on self-prepared 1040s for the 2023 filing season. But for every paper 1040 filed, someone at the IRS inputs the data, keystroke by keystroke.

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BMT Office Administration

OCTOBER 27, 2022

How to respond: To get out of this penalty trap, file Form 14764 within 30 days, check the box indicating you disagree with the proposed penalty and include the following: A signed statement explaining why you disagree with the proposed penalty and describing the changes you want to make to your 1095-C forms (i.e., Supporting documentation.

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Forms 2022 Filing Health 52

Small Business CEO

MAY 5, 2010

Inefficient process examples: Your employees record their time on paper or in Excel. Others enter the data into payroll, into project tracking systems and then again into client billing systems. Example projects: Create interfaces between systems. Many financial systems have pre-defined interfaces for import files.

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Fax PDF Payroll Negotiating 40

BMT Office Administration

AUGUST 5, 2022

Employees file their W-4s and then forget about them. Examples: employer contributions for health insurance and to retirement benefits. Examples: contributions to IRAs and forfeited penalties on early withdrawals of savings and interest paid on student loans. Examples : the credit for child and dependent care expenses.

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Filing Retirement Salary Expenses 52

Worxbee

AUGUST 9, 2021

Occasionally, EAs are tasked with scheduling performance reviews or even jobs related to payroll. For example, most grants have conditions attached to them such as requiring activities to be done by a certain date or that all receipts related to expenditure of grant funds are filed appropriately.

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BMT Office Administration

AUGUST 2, 2023

These emails are routinely riddled with spelling errors and factual inaccuracies, like this example: “Dear Tax Payer , We hope this message finds you well. We are writing to inform you abount an important matter regarding your recent tax return filing.

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Agencies Filing Email Social Media 52

All Things Admin

FEBRUARY 8, 2024

For example, you may allocate specific time periods throughout the day to check email or send out meeting agendas and reminders. Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. We must learn to work with our brains instead of against them.

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Mentoring Administrative Professionals 2024 Payroll 52

BMT Office Administration

MAY 26, 2023

For example, he encountered a situation where an employee wanted 100% of his net pay to go into his 401(k) account. Deduction code dilemmas There’s also a code for each pretax and after-tax deduction. According to Stone, the order in which deductions are taken must be a consideration. And employees often muddle the priorities, he commented.

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Salary Forms Calendars Health 52

Success

JUNE 19, 2022

If you’re wondering whether you’re ready to outsource, the following tips and examples should be helpful: Deciding what to outsource. From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. Tax laws change.

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BMT Office Administration

MAY 13, 2022

the American Payroll Association’s director of government relations. Speaking at the American Payroll Association’s 40th Annual Congress this week in Las Vegas, Jacobson, Robert Wagner, Esq., and Mike Linehan caught attendees up on today’s hot payroll -related regulatory issues. This keeps Payroll in the loop.

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Payroll Legal Stress Expenses 52

Recruit CRM

MAY 26, 2021

For example, when searching for candidates, a recruiter can apply filters and put in keywords, and the AI will do all the job for them. However, there can be certain ATS' that do not read PDF files and in case a candidate submits their resume in a PDF format, it might end up rejecting it. Can Applicant Tracking Systems Read PDF?

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Success

MARCH 7, 2025

Consider changing your entity status There are a lot of options for how your company files its tax return, and it may impact the amount of tax you pay. Filing as a single-member LLC, unlike filing as a sole proprietor, means your personal assets may be protected from business debts and lawsuits.

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Entrepreneur.com

JULY 2, 2025

Even within a single team, critical platforms like payroll, performance and learning systems dont talk to each other. A few examples Ive seen up close: Reece Group used AI to go from guesswork to precision workforce planning. Tools are fragmented. Insight still depends on analysts. When this works, its not just insightful.

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