Remove 2023 Remove Forms Remove Management Remove 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. Even though time is ticking down, it would be prudent to act as if the IRS will issue these regs in time for 2023 filing. Send independent contractors Form W-9 to capture their SSNs and addresses. Test your systems for 2022 filing.

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IRS releases e-filing waiver guidance

BMT Office Administration

These filers should notify the IRS that they qualify for a religious exemption in advance of filing returns and other documents by filing a Form 8508. After filing Form 8508, filers who qualify for a religious exemption should file returns and other documents on paper. 42-007 , Specifications for Filing Forms W-2 Electronically (EFW2).

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

Success

Payal Kadakia, founder of revolutionary fitness platform ClassPass , originally began her career at management consulting firm Bain & Company before she founded her own Indian dance company, Sa Dance Company , as a passion project on the side. That feeling of how are you going to make payroll? Success might feel intuitive.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. A 1099 is a form used to report non- employee compensation. What is a W-2?

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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. From the implementation of SECURE 2.0 The first case, Moore vs. U.S.,

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Applying for a W2 e-filing waiver

BMT Office Administration

You can print these forms and furnish them to employees. Downside: Keying in information on more than a handful of forms, let alone 50 forms, is a recipe for mistakes. You file Form 8508 with the IRS to request a waiver from e-filing the current year’s information returns (including 1099s).

Filing 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. While this may seem complicated at first glance, it becomes easier to grasp when you understand a few key concepts about financial management. They also work for individuals that don’t qualify for other forms of financing.

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