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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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IRS releases details on how to withdraw ERC claims

BMT Office Administration

The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. Big break: The IRS will treat withdrawn claims as if they were never filed, so no penalties or interest will be levied. for a particular calendar quarter).

Fax 52
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Are your employee pay profiles correct? It’s time to check

BMT Office Administration

But what you pay and what you deduct from an employee’s salary depends on their profile—their basic demographic information, their W-4s, their Social Security numbers, their work state, and their home state. Once you cross calendar years, you can’t correct income tax withholding.

Salary 52