BMT Office Administration
MAY 9, 2024
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. not signing up for your 401(k) plan).
BMT Office Administration
SEPTEMBER 1, 2023
The saga of 401(k) catch-up contributions under SECURE 2.0 Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. is well known.
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Success
APRIL 22, 2024
So, if you are keeping up with income and expenses, you can quickly pull the data without much thought. You can connect all of your accounts to YNAB, so it can keep up with your balances. You even have the option to set up a joint checking account that comes with a debit card and has no monthly fees. Plus, it’s free. No problem.
All Things Admin
FEBRUARY 8, 2024
When you look at this as a one-time project, you set yourselves up for failure. Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. Spend the first five minutes of your workday outlining a procedure you need to create while your computer boots up.
All Things Admin
FEBRUARY 27, 2024
The process for ordering office supplies and setting up the conference room for meetings was different. This method serves a dual purpose: it ensures that your procedures are up-to-date and allows the new employee to reinforce their learning through the act of documentation. Leave Policies: Information on types of leave available (e.g.,
BMT Office Administration
FEBRUARY 23, 2023
The regs will be published in tomorrow’s Federal Register and apply to information returns you’re required to file beginning in 2024. Example: In 2024, Sparky files 12 Forms 1099-NEC on paper, but it should have e-filed all of those returns. The IRS has finally released these regs, and they contain a couple of surprises.
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