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. 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. We wish we had a crystal ball, but we don’t. Final e-filing regs.

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Payroll 2023 Medical Agenda 52

BMT Office Administration

JULY 3, 2023

That’s not even mentioning all the paperwork involved in the onboarding process, such as employee handbooks , contact information, and direct deposit/banking information — just to name a few. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.

Filing 52

Filing Payroll Medical Legal 52

BMT Office Administration

NOVEMBER 16, 2022

Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Employers also need to report and deposit payroll taxes to the internal revenue service (IRS) every quarter.

Payroll 52

Payroll Filing Forms Expenses 52

BMT Office Administration

AUGUST 8, 2022

As a starting point, consider what these organizations say about some major types of records to keep and for what length of time: Per the Internal Revenue Service : The length of time you should keep a document depends on the action, expense, or event which the document records. Per the U.S. Department of Labor. See website for specifics.)

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Policies Legal Forms Agencies 105

BMT Office Administration

MAY 31, 2022

Such a management system utilizes information technology to organize and store records in electronic form. Electronic information management eliminates guesswork by providing systematic storage, maintenance, and disposition of records. An ERM system enables people to find the right information when they need it.

Management 52

Management Legal Filing Policies 52

BMT Office Administration

MARCH 13, 2024

It could be an office, medical facility, or even multiple job sites in different locations. Missed punches happen all the time, and they cause all sorts of problems with timekeeping and payroll processing. They Increase Payroll Efficiency Speaking of missed punches, they’re also a huge headache for your accounting department.

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Payroll Training Travel Phones 59