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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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Small business tax credits and deductions you should know about

BMT Office Administration

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. Unused credits may be carried back one year and forward for up to 20 years. For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89

Payroll 98
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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. What pay is taxable?

Payroll 52
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10 Simple Tips to Improve Your Time Management Skills

Success

If you work at a company) Why am I on the payroll? Then put them in your calendar before anything else. Pick up the phone Making a call can often generate a quicker—and more accurate—response than a time-consuming email exchange. What can I, and only I, do that I’ve done well before to make a difference? (If

Skills 278
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IRS releases details on how to withdraw ERC claims

BMT Office Administration

for a particular calendar quarter). How to withdraw an ERC claim How to withdraw your ERC claim depends on how far along the IRS got in processing your 941-X and whether your third-party payroll provider submitted it for you. If your payroll provider was involved, the IRS advises you talk to them.

Fax 52
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The Right Way to Share Problems at Work With Your Boss 

Success

There are numerous reasons employees might not speak up at work, from fearing backlash from bosses in charge of their promotions and salary to worrying about how it will impact their reputation. Additionally, just because employees speak up doesn’t mean they’re sharing everything. And slow down, speak less and listen more.”

Health 265
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Time management tools to help you get ahead at work

BMT Office Administration

Keeping up with a multitude of tasks, projects, and demands while staying connected with your team and clients can spread employees or business owners very thin. Keeping track of how you spend your time at work can help you identify where your time is being eaten up most. It can be difficult to manage your time well at work.