BMT Office Administration
AUGUST 9, 2023
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.
BMT Office Administration
MAY 25, 2023
Mamo reviewed some initiatives, including IRIS , the IRS’ new simplified platform for filing 1099s. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Payroll is compliance-oriented; there’s very little wiggle room to be creative.
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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.
BMT Office Administration
OCTOBER 6, 2022
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. Review consents to e-delivery.
Allwork
OCTOBER 10, 2022
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. . Nearly 33% of new hires look for a new job within their first six months on the job, according to the Harvard Business Review.
BMT Office Administration
DECEMBER 19, 2022
Then there are performance reviews and each employee’s history of disciplinary action, both of which are essential documents that can help you avoid litigation following a termination. Additionally, referencing an employee’s job description can be be useful for performance reviews , refilling the position, and more.
BMT Office Administration
AUGUST 8, 2022
Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9. Per the U.S.
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