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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. 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. Two sets of wage-and-hour regulations.

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Final regs drop mandatory e-filing threshold to 10 or more information returns

BMT Office Administration

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.

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Early direct deposit may be an alternative to on-demand pay

BMT Office Administration

Regardless of the sales pitch, on-demand pay is a boondoggle for Payroll. Every vendor will tell you why their on-demand pay program is worry-free for Payroll—it’s OK because employers are cut out of the process, or it’s OK because employers are part of the process. You don’t have to vary your pay schedule.

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Common mistakes made on Forms 1094-C and 1095-C — ACA reporting

BMT Office Administration

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.,

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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. But, he said, the city could use the payroll savings. And don’t use filing as an excuse to ‘need’ an in-office worker, if you haven’t moved to an electronic files system it’s high time you did.

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What legal entity is right for your business? | THE SMALL BUSINESS.

The Small Business Blog

A limited company must obtain approval from Companies House to use its proposed name. A limited company must also adopt and file its Memorandum and Articles of Association, these govern its rights and obligations to its shareholders, directors and officers. You can follow any responses to this entry through the RSS 2.0

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Hamilton, Jefferson and Trumpcare's Impact on the Self-Employed

Small Business Labs

The quick summary from that article is: self-employed who are younger or have higher incomes will likely be better off under the Republican proposed American Health Care Act (AHCA, a.k.a. If you make between roughly $50,000 and $150,000 you fit into this category  (varies by location and filing status). Trumpcare).

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