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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. What’s ahead for paperless filing You can still file on paper, if you choose. Earlier this year, it kicked off a new scanning process for Form 940.

Forms 52
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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.

Payroll 52
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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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Rocky tax season could lead to slow refunds for employees

BMT Office Administration

There’s a reason the IRS rolled out some new tools and beefed up some old tools on its website this filing season—it’s still bogged down with last year’s returns! The likely effect will be delayed tax refunds for taxpayers who file even minimally complex returns. 2021 Form 1040 tax filing stats so far. For the week ending Feb.

2021 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Keeping track of paperwork can be a challenge, It’s easy to misplace a file or even spill coffee on a document on your desk. If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Better file retention compliance. Process automation.

Filing 98
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CFPB warns against money apps for paying employees

BMT Office Administration

Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. Right now, we have seven emails sitting in our spam folder purporting to be from Cash App. It’s easy to imagine what comes next.

Payroll 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

The process for ordering office supplies and setting up the conference room for meetings was different. When you integrate sharing – and creating – procedures into your onboarding process, it helps ensure a smooth transition for your new team members. showcasing how each tool facilitates team collaboration.