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

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. You can be penalized for filing W-2s, 1099s, and 1095s on which you report incorrect Social Security numbers. For 1095 reporting by self-insured group health plans, you can also be penalized for not reporting employees’ dependents’ SSNs.

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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

Laith Masarweh, founder and CEO of Assistantly, an agency that connects businesses with virtual assistants around the world, says that in the third quarter of 2022, bosses hiring VAs for their employees increased significantly, by 10% to 15% of Assistantly’s business. Why might your team need to hire virtual assistants?

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The Four Horsemen of the Mandated Return to Office

Allwork

For example, an August 2022 Gallup survey of remote-capable workers showed that 34% of respondents want to work full-time remotely, 60% want to work a flexible hybrid schedule, and only 6% want to work in a traditional office-centric setting. . A September 2022 survey by Gallup found that such quiet quitters make up about half of the U.S.

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Top 3 Global Coworking Hotspots

Allwork

Granted, wholly remote work has slightly decreased, but according to Gallup research, hybrid work increased throughout 2022 and is expected to continue increasing moving forward. Startup ecosystems In 2022, the India Times reported that India had become the third-largest startup ecosystem on the planet, and the United Kingdom is the fourth.

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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.

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The Right Way to Share Problems at Work With Your Boss 

Success

In the present push for improved mental health in the workplace , your own well-being and that of those around you just might depend on your openness. Gallup’s “ State of the Global Workplace: 2022 Report ” shows “60% of people are emotionally detached at work and 19% are miserable.”

Health 264
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. 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.

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