Remove Agencies Remove Information Remove Management Remove Payroll
article thumbnail

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

BMT Office Administration

You should inform employees of this development. The IRS and state tax agencies have long-standing agreements to share tax data. In addition to state tax agencies, the IRS sends information to a wide array of state social service agencies. Point your browser here for the full list of agencies.

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
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. 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. We wish we had a crystal ball, but we don’t. Final e-filing regs.

Payroll 52
article thumbnail

IRS provides additional information on IRIS system

BMT Office Administration

The IRS is so serious about IRIS, its new simplified e-filing platform for information returns, that it’s convening monthly working group meetings over the internet. Billie Crawford, an IRS project manager of development services at the IRS, hosted the second IRIS working group meeting last week. Payee information can’t be saved.

Filing 59
article thumbnail

Employers need to prepare W-2 security plans

BMT Office Administration

The FBI and the Cybersecurity & Infrastructure Security Agency recently issued an alert to critical infrastructure companies warning them of a new ransomware attacker. The agencies’ advice was to: Secure remote access tools. If the C-suite objects, an assistant can pick up a hard copy from the payroll department.

Payroll 52
article thumbnail

What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What regulating agencies say. 5 questions to ask vendors.

Payroll 97
article thumbnail

4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

Agreements like noncompete clauses are part of how information like that remains confidential. According to the agency, such clauses exacerbate inequalities in the workforce by limiting and exploiting opportunities for professionals. . Loss of Intellectual Property and Proprietary Information .

Policies 329