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IRS releases new FAQs on Form W-2c

BMT Office Administration

The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took the payroll credits for providing them with pandemic-related paid sick or family leave during 2020 and/or 2021. The new FAQ 98a reads like this. 30, 2021.

Forms 52
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IRS fact sheet causes confusion around Form 941

BMT Office Administration

We admit we were thrown for a loop after reading the IRS’ latest fact sheets on reporting pandemic-related paid leave to employees on Form W-2c. This FAQ referenced paid leave taken under the American Rescue Plan, but the IRS came to the same conclusion for paid leave taken in 2020 or 2021. What Form 941 says.

Forms 52
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What Makes Good Customer Service?

Success

Whether a manager or sole proprietor, there are practical steps you can take to address these issues. You demand to see the manager. Upon arrival, the manager immediately accepts the exchange. It’s a case of poor management. The associate is taught one set of company policies while management abides by another.

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5 Ways to Effectively Manage Your Business for Successful Business Growth

Office Organization Success

Let me share a secret with you that many successful online solopreneurs already know — you have to learn how to “manage” your business before you can “market” your business. See where the gaps are in your business with your 26-point Online Business Management & Marketing SYSTEMS CHECKLIST .

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IRS releases details on how to withdraw ERC claims

BMT Office Administration

The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. 14, the day the IRS imposed a moratorium on processing Forms 941-X on which the credit is claimed, but who haven’t yet received their ERCs.

Fax 52
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Defining a four-day workweek and assessing the impact

BMT Office Administration

Two months out: Start training managers and employees on how the arrangement will work. One month out: Prepare FAQs for employees and be available to answer last-minute questions. Maryland Maryland is the first state we’re aware of that’s willing to put its money—in the form of a tax credit—where its mouth is.

Salary 52
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5 Ways to Effectively Manage Your Business for Successful Business Growth

Office Organization Success

Let me share a secret with you that many successful online solopreneurs already know – you have to manage your business before you can market your business, and if you’ve been with me for a while you’ve no doubt heard me say this many times! Systemize repetitive tasks. Create a calendar template.