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Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

It’s essential for an organization/business to have a more-than adequate payroll system. Having a good payroll service can make or break a company. These applications automate the payroll process to reduce administrative burden and ensure that workers are paid correctly and on time. This helps support our journalism.

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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. With this in mind: First-time e-filers must register with the IRS’s FIRE system for 1099 filing and its AIR system for 1095 filing, and apply for separate Transmitter Control Codes. Unlike email, faxing to a computer is a closed system.

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Stay on track with this payroll compliance checklist

BMT Office Administration

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.

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Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

the American Payroll Association’s director of government relations. Speaking at the American Payroll Association’s 40th Annual Congress this week in Las Vegas, Jacobson, Robert Wagner, Esq., and Mike Linehan caught attendees up on today’s hot payroll -related regulatory issues. This keeps Payroll in the loop.

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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. 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.

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7 Notable Accounting Skills

Small Business CEO

They can prepare payroll and keep track of time reports. Some accountants will handle insurance records so that insurance processing and payment systems are accurate. Accountants can manage the personnel within a company. Others will lead employee orientation programs to aid workers in becoming more financially literate.

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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

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.

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