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IRS update: digital communication and payroll

BMT Office Administration

It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Zoom in for the payroll picture The IRS calls withholding voluntary, although your employees may beg to differ. Payroll is compliance-oriented; there’s very little wiggle room to be creative.

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Stay on track with this payroll compliance checklist

BMT Office Administration

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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Is it ever ethical to disclose tax information, and to whom?

BMT Office Administration

Lawyers have a code of ethics running to booklet form and so do doctors (a one-pager) and accountants. The American Payroll Association’s code of ethics includes eight points, but let’s stick to three of them: To strive for perfect compliance, accuracy, and timeliness of all payroll activities. No, according to the IRS.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

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. With human resources outsourcing, small businesses can get help from an external party in managing their HR activities.

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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.

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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.

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Are your employee pay profiles correct? It’s time to check

BMT Office Administration

You can’t code an employee’s pay and deductions properly without an employee pay profile, said Jonathan Stone, managing director of KPMG LLP. Downstream ramifications of incorrect codes Incorrect earnings codes lead to incorrect W-2s, which lead to corrections on Forms W-2c and 941-X, Stone pointed out.

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