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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

Are there special reporting requirements? Wages and accrued benefits paid in the same calendar year as death are exempt from income tax withholding, but are subject to FICA and FUTA. Wages and accrued benefits paid to the beneficiary or estate after the calendar year of death are exempt from all federal withholding.

Payroll 52
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Final regs drop mandatory e-filing threshold to 10 or more information returns

BMT Office Administration

We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. 31 e-filing deadline, we made an educated guess and said it wouldn’t make the same mistake again. Options for small employers: Small employers may never have thought about e-filing.

Filing 52
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3 Ways to Create a Better System for Information Management

All Things Admin

Here’s how you can implement color coding: Physical Files : Use colored folders or labels to differentiate between different projects or document types. I love translucent colored poly pockets combined with colored file folders to create instant visual distinction of what’s waiting for me each day in my priority sorter.

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3 Steps to Finally Tackle Your Tedious Tasks

Success

Most people dread tasks like stuffing envelopes or filling out expense reports, and would prefer more fulfilling and stimulating work. If you set up a plan to clear up your office filing system over the course of a week, make a daily routine for doing the work. Wouldn’t it be better to get the nasty task out of the way to begin with?

Filing 278
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How To Hire And Manage Freelancers, According To Experts

Allwork

In a survey published in 2020’s “ Building the On-Demand Workforce ” report from the Harvard Business School and Boston Consulting Group (BCG), 60% of business leaders said they expected to increasingly “rent” “borrow” or “share” talent with other companies. In 2020, more than a third of Americans freelanced — up 22% from 2019, CNBC reports.

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Are You Ready to Hire a Virtual Assistant?

Success

In fact, rather than working less, most remote workers reported putting in more hours and becoming more productive when they ditched the office. In its fourth quarter of 2020 and first quarter of 2021 financial reports—while many other companies were experiencing layoffs and frantically downsizing—BELAY announced record-breaking numbers.

2021 286
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10 Smart Things to Do in a New Job

On The Job

Review your calendar each day until you become familiar with weekly or daily meetings, know when you're supposed to be on conference calls, know when to file expense reports, etc. Only do grooming activities in the bathroom. Say "please" and "thank you." Plan ahead. Show respect.

Calendars 195