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Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

Payroll 52
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Employers need to prepare W-2 security plans

BMT Office Administration

The FBI and the Cybersecurity & Infrastructure Security Agency recently issued an alert to critical infrastructure companies warning them of a new ransomware attacker. The agencies’ advice was to: Secure remote access tools. If the C-suite objects, an assistant can pick up a hard copy from the payroll department.

Payroll 52
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What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What regulating agencies say. 5 questions to ask vendors.

Payroll 97
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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. The IRS, however, will not process your paper return as it has been—by painstakingly transcribing the figures on your return into a computer.

Forms 52
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The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

  However, the final rules and details on how the various programs will work are still being worked out by the state and federal agencies tasked with administering them.   For more information and details, see the SBA's site and this document from the Senate Small Business Committee. 

Payroll 152
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Summertime tax scams are going strong

BMT Office Administration

It would be good to inform employees about these scams. This scam, with email subject lines like “Third round of economic impact payments status available,” includes an embedded URL, which redirects you to a phishing website to steal personal information. While some scammers and phishers are using the U.S.

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The DOL makes 401(K) cybersecurity recommendations

BMT Office Administration

It has a framework for assessing the effectiveness of federal agencies’ cybersecurity efforts. Metric domain: Information security continuous monitoring. The chief information officer should train managers on how to remove access to systems for separated employees. How the DOL thinks about cybersecurity.