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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. Plan for a lower mandatory e-filing threshold. 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.

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Rocky tax season could lead to slow refunds for employees

BMT Office Administration

There’s a reason the IRS rolled out some new tools and beefed up some old tools on its website this filing season—it’s still bogged down with last year’s returns! The likely effect will be delayed tax refunds for taxpayers who file even minimally complex returns. 2021 Form 1040 tax filing stats so far. 25, 2022, (i.e.,

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Summertime tax scams are going strong

BMT Office Administration

Many of the most recent scams center on promises of a third round of economic impact payments, conveniently failing to mention that the third round of checks was sent out way back in 2021. We are writing to inform you abount an important matter regarding your recent tax return filing.