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MBO Partners 10 Future of Work Predictions for 2021

Small Business Labs

   One of the most popular futurist forecasts in the late 1990s was that large corporations would soon disappear and be replaced by virtual corporations made up of lots of independent workers.   Last week MBO Partners released their annual future of work predictions for the coming year. 

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Payroll update: Student loans, free tax filing, and more

BMT Office Administration

One tidbit we’ve picked up? The pause in student loan collections is unrelated to the Department of Education’s plan to forgive up to $20,000 in student loan debt. And yes, some very prominent payroll questions are included. of test takers passed the exam in 2021. The team that makes its free throws usually wins.

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Celebrating New Talent: Emerging Entrepreneurs Shines a Light on Up-and-Coming Entrepreneurs

Success

And the magazine is making that even more official with its new Emerging Entrepreneurs awards , which will shine a light on the next wave of entrepreneurs and recognize the achievements of up-and-comers. “We In our society, we’re taught so often to never quit and never give up. That feeling of how are you going to make payroll?

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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. Beef up computer security. With this in mind: Determine whether their consent is ongoing or was for 2021 forms only. Send consent forms to those who received their 2021 forms on paper. Reach out to employees if SSNs are missing.

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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

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. These regs will scoop up smaller employers into the e-filing net.

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They’re Back: Boomerang Employees on the Rise for Good or Bad

Success

of all job switches” in 2021, up from under 2% in 2010. months in 2021, compared to 21.8 In a 2022 survey by payroll firm UKG, “Four out of 10 people (43%) who quit their jobs during the pandemic now admit they were actually better off at their old job.” The average time away was 17.3 months in 2010. Leave on good terms.

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IRS fact sheet causes confusion around Form 941

BMT Office Administration

31, 2021 , for leave taken by an employee after March 31, 2021, and before Oct. 31, 2021 ) in box 14, or (2) provide a corrected statement to the employee correcting the prior reporting. 31, 2021 , for leave taken by an employee after March 31, 2021, and before Oct. Welcome to the club. What Form 941 says.

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