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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. Two sets of wage-and-hour regulations.

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Final regs drop mandatory e-filing threshold to 10 or more information returns

BMT Office Administration

We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. 31 e-filing deadline, we made an educated guess and said it wouldn’t make the same mistake again. Options for small employers: Small employers may never have thought about e-filing.

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Early direct deposit may be an alternative to on-demand pay

BMT Office Administration

Regardless of the sales pitch, on-demand pay is a boondoggle for Payroll. Every vendor will tell you why their on-demand pay program is worry-free for Payroll—it’s OK because employers are cut out of the process, or it’s OK because employers are part of the process. You don’t have to vary your pay schedule.

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Common mistakes made on Forms 1094-C and 1095-C — ACA reporting

BMT Office Administration

How to respond: To get out of this penalty trap, file Form 14764 within 30 days, check the box indicating you disagree with the proposed penalty and include the following: A signed statement explaining why you disagree with the proposed penalty and describing the changes you want to make to your 1095-C forms (i.e.,

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What legal entity is right for your business? | THE SMALL BUSINESS.

The Small Business Blog

WinWeb – Your Office Online Simply the best way to manage your small business! A limited company must obtain approval from Companies House to use its proposed name. A limited company must also file annual tax returns (“corporation” tax returns) with the Inland Revenue just like an individual. Digg Furl Netscape Yahoo!

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