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

BMT Office Administration

One tidbit we’ve picked up? The pause in student loan collections is unrelated to the Department of Education’s plan to forgive up to $20,000 in student loan debt. The IRS and state tax agencies have long-standing agreements to share tax data. Point your browser here for the full list of agencies. Don’t be overconfident.

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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.

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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. These regs will scoop up smaller employers into the e-filing net. Issues regarding reproductive healthcare services will ramp up again as state legislatures reconvene this month. Final e-filing regs.

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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.

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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.

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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

Business leaders have a new solution to alleviating employee burnout and helping them create more balance —hiring virtual assistants (VAs) to free up employees’ time and creative energy. Remote work widely and rapidly became the norm for some workers during the pandemic. What types of tasks might virtual assistants help with?

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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.    You can borrow up to $2 million via this program, although obviously few independent workers could qualify for this amount. 

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