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Payroll update: Student loans, free tax filing, and more

BMT Office Administration

Free File is a collaborative effort between the IRS and commercial tax software firms under which taxpayers with incomes under a certain threshold who file simple returns can file their returns, well … for free. The IRS says it can and will pilot it during next year’s filing season. The problems?

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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

Some stores have already brought out the holiday decorations and Christmas music. However, Payroll teams are busy preparing for a different season — year-end reporting. Plan for a lower mandatory e-filing threshold. You can be penalized for filing W-2s, 1099s, and 1095s on which you report incorrect Social Security numbers.

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