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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. 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
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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
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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
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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. Compensation adjustments .

2022 342
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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
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12 Last-Minute Gift Ideas For Digital Nomads

Allwork

Learn more in our website policy here.   . 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. Allwork.Space is supported by its readers, and this page contains sponsored links.

Gifts 290
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Stay organized and secure with electronic records management

BMT Office Administration

Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Electronic files allow approved people to get what they need regardless of where they are at. The need for company policies. Access from outside the building. Many businesses operate out of more than one location.