BMT Office Administration
OCTOBER 6, 2022
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.
BMT Office Administration
MARCH 17, 2023
A close call The FDIC announced Monday that it would protect all deposits, which means employers should have no problem making their payrolls. Explore whether it’s possible to switch your payroll accounts to another bank. So employees are probably going to have questions about the security of your payroll processes.
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BMT Office Administration
JUNE 16, 2023
While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Are there special reporting requirements? Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen.
Success
JUNE 19, 2023
According to the 2022-2023 Aflac WorkForces Report , 59% of American workers are reporting moderate or higher levels of burnout. For instance, it could take hours building contact spreadsheets, writing reports, answering emails, attending webinars and conducting research, just to name a few,” she says.
BMT Office Administration
APRIL 22, 2024
Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. If your managers aren’t approving timesheets before submitting them to payroll , you may be spending more than you should on labor.
BMT Office Administration
AUGUST 9, 2023
The IRS’ paperless initiative takes this one step beyond scanning payroll returns. According to draft versions of Forms 8453-EMP and 8879-EMP , sometime next year (without more detail) the IRS will make amended payroll returns available through Modernized e-File. This should speed up your tax refunds considerably.
BMT Office Administration
MAY 9, 2022
Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Double-check the spelling of the customer’s name and email address. Example 5 – Payroll processing. Payroll refers to the payment process for all W2 employees.
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