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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. Earlier this year, it kicked off a new scanning process for Form 940. The IRS’ paperless initiative takes this one step beyond scanning payroll returns.

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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. The e-filing mandate applies to all information returns, including Forms 1099-DIV, which are often filed by Shareholder Services. Send independent contractors Form W-9 to capture their SSNs and addresses. Test your systems for 2022 filing.

Payroll 52
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Pre-boarding Can Set Up New Hires For Lasting Success

Allwork

Pre-boarding can focus on building engagement, meeting the new team, having the new hire complete payroll forms, figuring out a start date, scheduling a tour of the workspace, etc. . Have the employee’s new manager reach out with a personalized welcome message either through email or video conference.

UPS 299
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

It’s up to each department manager to review the timesheets their employees submit to ensure accuracy. Timesheet approval provides a way for managers to double-check their employee’s time punches to ensure there are no mistakes or missed punches. Examining timesheets will also let managers know if certain employees are underperforming.

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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5 SOP examples for your business

BMT Office Administration

SOPs are an excellent tool for small business owners looking to take their business process management to the next level. It’s the responsibility of the HR Manager to ensure that all onboarding paperwork is complete in accordance with all federal, state, and local laws and that new hire orientation is conducted. Direct Deposit Form.

Payroll 72
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Stay organized and secure with electronic records management

BMT Office Administration

Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM). Such a management system utilizes information technology to organize and store records in electronic form. A properly maintained electronic records management system serves as an efficient one-stop-shop.