article thumbnail

IRS releases new FAQs on Form W-2c

BMT Office Administration

The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took the payroll credits for providing them with pandemic-related paid sick or family leave during 2020 and/or 2021. The new FAQ 98a reads like this.

Forms 52
article thumbnail

IRS releases details on how to withdraw ERC claims

BMT Office Administration

The IRS has added more FAQs on this process. How to withdraw an ERC claim How to withdraw your ERC claim depends on how far along the IRS got in processing your 941-X and whether your third-party payroll provider submitted it for you. If your payroll provider was involved, the IRS advises you talk to them.

Fax 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS fact sheet causes confusion around Form 941

BMT Office Administration

This FAQ referenced paid leave taken under the American Rescue Plan, but the IRS came to the same conclusion for paid leave taken in 2020 or 2021. Or maybe these wages should be reported twice, which really would be a radical departure from conventional payroll procedures. Welcome to the club. What Form 941 says.

Forms 52
article thumbnail

Check Sheet – Why Use a Check Sheet?

Service Untitled

In this example, the human resource generalist is tracking the kinds of phone calls she receives regarding benefits and payroll. This information can then be used to develop a FAQ list, updating the employee manual and/or additional benefit training. The following example shows what a check sheet looks like.

Payroll 40
article thumbnail

Webinar Employee Expense Reimbursements: Compliance Workshop

Office Dynamics

The result: an unhappy employee—and your company would be on the hook for the related payroll taxes and penalties. Which payments made to employees are subject to payroll tax? Should you run expense reimbursements through payroll or accounts payable? You need to get it right every time. Join us Sept. Overtime Exemptions.

Expenses 100
article thumbnail

IRS provides additional information on IRIS system

BMT Office Administration

Form-specific template-formatting guidelines are available in the Taxpayer Portal; select the Template Formatting Guidelines link in the FAQs located within the Upload CSV with Form Data option. Although 1099 forms look standard, they are not, and Crawford advised e-filers to use the most current CSV template for the form they’re e-filing.

Filing 59
article thumbnail

Top 10 Applicant Tracking Systems (ATS) Of 2021 | Which One To Choose?

Recruit CRM

Main Features Applicant Tracking System & CRM Manage and nurture candidates and clients Helps in background checks and onboarding Email and messaging Mobile app Invoicing and payroll Resume parsing, and so on. Frequently Asked Questions (FAQs): 1. Check out their features here. Their pricing starts at $69.00 Ratings 4.2/5

2021 52