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Bank failures and payroll — what employers should know

BMT Office Administration

A close call The FDIC announced Monday that it would protect all deposits, which means employers should have no problem making their payrolls. You can jot these points down and put them away in the hopefully-we’ll-never-need-to-use-this file. Explore whether it’s possible to switch your payroll accounts to another bank.

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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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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

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Is it ever ethical to disclose tax information, and to whom?

BMT Office Administration

The American Payroll Association’s code of ethics includes eight points, but let’s stick to three of them: To strive for perfect compliance, accuracy, and timeliness of all payroll activities. To maintain the absolute confidentiality of the payroll within the procedures of the employer. There are numerous exceptions, of course.

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12 Last-Minute Gift Ideas For Digital Nomads

Allwork

What’s great about these online courses is that they can be taken remotely, from anywhere in the world — perfect for a location-independent professional. Even if they won’t file their tax returns themselves, it’s useful to be able to digitize all receipts and costs so that they can keep track of what’s happened during the year.

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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

With minimal help, of course. The IRS has introduced new online tools with the hope of extending a more customer-friendly face this filing season. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g.,

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8 tips for completing your first-quarter 941

BMT Office Administration

But of course, those two days fall on the weekend (boo!). A valid EIN is required if you’re e-filing. If you’re filing on paper, postmark your envelope by May 2 and send it certified, return receipt requested. This ensures you timely filed your return, even if the IRS never receives it. Use consistent EINs.

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