BMT Office Administration
JANUARY 11, 2023
Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. 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. We wish we had a crystal ball, but we don’t. Final e-filing regs.
BMT Office Administration
JUNE 16, 2022
There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What is the additional burden on the Payroll department?
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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.
BMT Office Administration
APRIL 7, 2023
The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. You also need to reassure employees of the survey’s purpose: to collect meaningful information about the specific characteristics of everyone’s position.
BMT Office Administration
SEPTEMBER 15, 2023
Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. You need to use this time wisely to determine the impact final regulations may have on your payroll by auditing your employees and your pay policies. You have until Nov. 7 to comment.
BMT Office Administration
OCTOBER 27, 2022
The IRS released Forms 1095-C and 1094-C for 2022 healthcare information reporting last week. Wrinkle: The IRS has yet to release final regulations dropping the mandatory e-filing threshold to 100 or more information returns from 250 or more. That’s the good news. you meant to include the lowest-cost self-only plan amount on Line 15).
Allwork
JANUARY 18, 2023
The Federal Trade Commission (FTC) has announced a proposal that would ban noncompete clauses, which are contracts that can prohibit employees at a company from job jumping within their career field, trading company insights, and more. . Agreements like noncompete clauses are part of how information like that remains confidential.
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