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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

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

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Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

Have A Retirement Plan. As an entrepreneur whose aim is to limit tax deductions contributing to a retirement plan is a good idea. A retirement plan will help you save some money because the plan will provide you with a tax deduction for the contributions. Contribute To A Charity Organization. Have An Accountable Plan.

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Making Taxes Less Taxing

Success

For example, the Wave Advisors program provides bookkeeping support and one-on-one accounting and payroll coaching. Your accountant can help you with that, or you can learn about them in the IRS Tax Guide for Small Business. Each company offers free support, but this support varies by hours and by type (phone, video, chat or email).