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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

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. not signing up for your 401(k) plan).

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The Four Horsemen of the Mandated Return to Office

Allwork

For example, an August 2022 Gallup survey of remote-capable workers showed that 34% of respondents want to work full-time remotely, 60% want to work a flexible hybrid schedule, and only 6% want to work in a traditional office-centric setting. . And many other employees are showing up for a part of the workday, from 10 to 2 p.m.

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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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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. Test your systems for 2022 filing. For 1099s, download 1220 (the 2022 booklet hasn’t been released yet). Some stores have already brought out the holiday decorations and Christmas music. With this in mind: 3.

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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

Business leaders have a new solution to alleviating employee burnout and helping them create more balance —hiring virtual assistants (VAs) to free up employees’ time and creative energy. AppSumo hired 11 VAs to off-load customer support and product management from their “A-level players.” Many companies approached Assistantly for help.

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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. He left the company in 2018, then returned in 2022. “I I left to manage a pricing team at Kroger’s grocery stores and then managed a team for a clothing retailer,” Stripling says. “I So, how can you set yourself up to potentially become a boomerang employee?

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