Remove 2023 Remove Forms Remove Payroll Remove UPS
article thumbnail

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?

UPS 231
article thumbnail

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. Beef up computer security.

Payroll 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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).

Filing 52
article thumbnail

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?

Payroll 52
article thumbnail

Applying for a W2 e-filing waiver

BMT Office Administration

This gives us more time to explore W-2 issues, which, based on questions we’ve been encountering, are beginning to trip up employers. 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. Almost everyone.

Filing 52
article thumbnail

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. The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. They also work for individuals that don’t qualify for other forms of financing.

Finance 105
article thumbnail

2-D barcoding may be coming to paper 1040s

BMT Office Administration

The Taxpayer Advocate Services’ (TAS) solution is to issue a Taxpayer Advocate Directive giving the IRS 45 days to work with the tax software industry to develop a plan to implement 2-D barcodes on self-prepared 1040s for the 2023 filing season. Barcodes don’t yet exist for Forms 941, 940, 1120, or 1099. Does the TAS have this power?

Filing 52