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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. And employees are going to want to access their W-2s on their phones. Require multi-factor authentication for employees who wish to receive their W-2s on their phones. Send consent forms to those who received their 2021 forms on paper.

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Rocky tax season could lead to slow refunds for employees

BMT Office Administration

2021 Form 1040 tax filing stats so far. increase from 2021; it processed 43,818,000 returns, which is an 11.2% By March 12, 2021—again, four weeks or so into the filing season—it had received 66,065,000 returns and processed 58,490,000 returns. A portion of this backlog is due to pandemic-related payroll credits.

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The Blended Role of Executive Personal Assistants

C-Suite Assistants

As a company Founder or CEO, you may be looking for an executive assistant to schedule meetings, organize business trips, as well as manage many aspects of your personal life. In 2021, that number has skyrocketed to 40 percent! They are involved in every aspect of the person’s life and business, managing every detail.

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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. The post Summertime tax scams are going strong appeared first on Business Management Daily.