BMT Office Administration

MARCH 3, 2023

IRC § 179 deduction for depreciable business assets Normally, when you buy a piece of office equipment, you must depreciate it over the number of years of its useful life. million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023.

Payroll 98

Payroll 2023 Equipment Health 98

BMT Office Administration

NOVEMBER 16, 2022

Does the business provide all necessary tools or equipment or does the worker provide their own tools? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Wages of up to $147,0000 are subject to social security taxes for tax year 2022.

Payroll 52

Payroll Forms Filing Expenses 52

BMT Office Administration

MAY 9, 2024

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52

Payroll 2024 Filing 2023 52