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

BMT Office Administration

The IRS released Forms 1095-C and 1094-C for 2022 healthcare information reporting last week. These forms are required reporting under the Affordable Care Act for employers required to offer health insurance coverage. The instructions are still in draft form , however not much has changed from the 2021 reporting.

Forms 52
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Uber's Safety Report

Small Business Labs

safety report that provides details on the number of sexual assaults, murders and fatal crashes that occurred through its platform in 2017 and 2018. The New York Times article headline on the report - Uber Says 3,045 Sexual Assaults Were Reported in U.S.   Uber also reported 58 fatal crashes and 10 murders in 2018. 

2018 130
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OpenAI Board Member Predicts AI Will Replace Nearly All Human Labor

Allwork

Treasury Secretary Larry Summers predicts that artificial intelligence (AI) will eventually replace nearly all forms of human labor — contributing to the most significant economic shift since the Industrial Revolution. The projection includes a significant portion of jobs in the U.S. that could see some level of automation.

Forms 232
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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. Earlier this year, it kicked off a new scanning process for Form 940. It says by next winter’s filing season, you should be able to e-file Forms 941-X and 945-X and amended Form 940.

Forms 52
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Biophilic office design has a clear business case, report claims

Workplace Insight

A new report, Reap What You Sow: Valuing Workplaces that Grow Good Ideas from PLP Labs sets out to explain the process of measuring and monetising the wellbeing and environmental value of biophilic office design. The report argues that in corporate real estate, the environment impacts the bottom line.

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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

Allwork

Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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IRS fact sheet causes confusion around Form 941

BMT Office Administration

We admit we were thrown for a loop after reading the IRS’ latest fact sheets on reporting pandemic-related paid leave to employees on Form W-2c. 31, 2021 ) in box 14, or (2) provide a corrected statement to the employee correcting the prior reporting. What Form 941 says. Welcome to the club. Now we’re not so sure.

Forms 52