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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. Two sets of wage-and-hour regulations.

Payroll 52
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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. But, he said, the city could use the payroll savings. And don’t use filing as an excuse to ‘need’ an in-office worker, if you haven’t moved to an electronic files system it’s high time you did.

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What legal entity is right for your business? | THE SMALL BUSINESS.

The Small Business Blog

Another downside, if you make more profits than you draw out, you are still taxed on all the profit irrespective of whether you have taken the money, and with a 40% tax band this can be expensive. A limited company must obtain approval from Companies House to use its proposed name. You must which kind of a firm you want to set up.

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