article thumbnail

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

BMT Office Administration

Free File is a collaborative effort between the IRS and commercial tax software firms under which taxpayers with incomes under a certain threshold who file simple returns can file their returns, well … for free. The IRS says it can and will pilot it during next year’s filing season. The problems?

Payroll 52
article thumbnail

IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. What’s ahead for paperless filing You can still file on paper, if you choose. The IRS’ paperless initiative takes this one step beyond scanning payroll returns.

Forms 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

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. Final e-filing regs. 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. Two sets of wage-and-hour regulations.

Payroll 52
article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

Payroll 52
article thumbnail

The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

.  However, the final rules and details on how the various programs will work are still being worked out by the state and federal agencies tasked with administering them. Individuals earning less than $75,000 (based on their most recent annual tax filing) can expect a one-time cash payment of $1,200.

Payroll 152
article thumbnail

12 Last-Minute Gift Ideas For Digital Nomads

Allwork

There are plans for individuals, small businesses, agencies, and enterprise-level clients who are looking to build a stronger social media following and level of engagement and brand awareness. And for self-employed freelancers or business owners, you can generate invoices, manage your payroll and track time on projects. .

Gifts 290
article thumbnail

The Four Horsemen of the Mandated Return to Office

Allwork

It also includes many rank-and-file staff, with publications featuring the stories of employees who quit rather than returning to the office for 3-5 days per week. Or consider a National Bureau of Economic Research paper about a study at Trip.com, one of the largest travel agencies in the world. Boosting culture .

2022 342