BMT Office Administration

MAY 9, 2024

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52

Payroll 2024 Filing 2023 52

BMT Office Administration

MAY 30, 2022

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

Payroll Forms Agencies Legal 52

BMT Office Administration

MAY 9, 2022

Coordinate with department manager to schedule department-specific onboarding meetings and review additional training needs. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Direct Deposit Form. Example 5 – Payroll processing.

Payroll 72

Payroll Forms Expenses International 72

BMT Office Administration

NOVEMBER 16, 2022

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52

Payroll Forms Filing Expenses 52

BMT Office Administration

MAY 26, 2023

And any new earnings codes should be reviewed and tested before you activate them. Downstream ramifications of incorrect codes Incorrect earnings codes lead to incorrect W-2s, which lead to corrections on Forms W-2c and 941-X, Stone pointed out. Once you cross calendar years, you can’t correct income tax withholding.

Salary 52

Salary Forms Health Calendars 52