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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

Payroll 52
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Small business tax credits and deductions you should know about

BMT Office Administration

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. For tax years beginning after Dec.

Payroll 98
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The Right Way to Share Problems at Work With Your Boss 

Success

Gallup’s “ State of the Global Workplace: 2022 Report ” shows “60% of people are emotionally detached at work and 19% are miserable.” For example, in the early 2010s, one Ottawa-based employee tried to push back against a concerning payroll system, but was told she “wasn’t being a team player.”

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Booth copies must be sent out by January 31. Control number.

Payroll 52
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What does it take to be a successful office manager?

Page Personnel

Office managers may also draft documents, help with payroll, keep an organised office environment and communicate via phone, email and fax (yes, some companies are still using fax machines). They are proficient use of all Microsoft tools and have great calendar management experience.