BMT Office Administration

MARCH 17, 2023

Before the FDIC acted on Monday, they had good reason to—bank accounts are insured for up to $250,000. A close call The FDIC announced Monday that it would protect all deposits, which means employers should have no problem making their payrolls. Explore whether it’s possible to switch your payroll accounts to another bank.

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BMT Office Administration

JANUARY 11, 2023

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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BMT Office Administration

MAY 30, 2022

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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Success

JULY 18, 2023

You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. Under a SIMPLE IRA, the employer must make contributions each year, either a matching contribution of up to 3% of an employee’s compensation or a 2% contribution that is nonelective for each employee.

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Allwork

JANUARY 10, 2023

23, that all salaried employees would have to return to the office three days a week. In a September 2022 survey , Gartner found that only 3% of companies would fire noncompliant employees, and only 30% would have HR talk to those who don’t show up. And many other employees are showing up for a part of the workday, from 10 to 2 p.m.

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BMT Office Administration

OCTOBER 26, 2023

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. Big break: The IRS will treat withdrawn claims as if they were never filed, so no penalties or interest will be levied. Point your browser here for a marked-up 941-X.

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BMT Office Administration

OCTOBER 31, 2023

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. With an in-house team.

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