Forms Information Management Payroll 
BMT Office Administration
AUGUST 9, 2023
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. Earlier this year, it kicked off a new scanning process for Form 940. The IRS’ paperless initiative takes this one step beyond scanning payroll returns.
BMT Office Administration
MAY 25, 2023
Information return filers filed about 300,000 to 400,000 1099s through IRIS this past winter. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Payroll is compliance-oriented; there’s very little wiggle room to be creative.
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BMT Office Administration
MAY 30, 2022
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.
BMT Office Administration
JULY 28, 2022
Lawyers have a code of ethics running to booklet form and so do doctors (a one-pager) and accountants. The American Payroll Association’s code of ethics includes eight points, but let’s stick to three of them: To strive for perfect compliance, accuracy, and timeliness of all payroll activities. No, according to the IRS.
BMT Office Administration
OCTOBER 6, 2022
However, Payroll teams are busy preparing for a different season — year-end reporting. We don’t yet know whether the IRS will issue final regulations dropping the mandatory e-filing threshold down to 100 or more information returns from 250 or more returns. Send independent contractors Form W-9 to capture their SSNs and addresses.
BMT Office Administration
NOVEMBER 21, 2022
As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. These documents tend to be ones containing sensitive or confidential information. Health insurance forms. Beneficiary information. Dependent information. Doctor’s notes.
BMT Office Administration
FEBRUARY 23, 2023
We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. The regs will be published in tomorrow’s Federal Register and apply to information returns you’re required to file beginning in 2024. Once it missed this year’s W-2/1099-NEC Jan.
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