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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.

Payroll 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

Agreements like noncompete clauses are part of how information like that remains confidential. According to the agency, such clauses exacerbate inequalities in the workforce by limiting and exploiting opportunities for professionals. . Research from the Economic Policy Institute shows 49.4%

Policies 331
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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. 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. We wish we had a crystal ball, but we don’t. Final e-filing regs.

Payroll 52
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The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

  However, the final rules and details on how the various programs will work are still being worked out by the state and federal agencies tasked with administering them.   For more information and details, see the SBA's site and this document from the Senate Small Business Committee. 

Payroll 152
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Electronic information management eliminates guesswork by providing systematic storage, maintenance, and disposition of records. An ERM system enables people to find the right information when they need it.

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Standard Operating Procedures: Tips for Creating Business Systems | Office Organization & Office Efficiency | OfficeArrow

www.officearrow.com

Reply Like2learn Nov 3, 2010 10:45:38 AM Excellent information. Each department is responsible for their SOPs, however, our Quality Assurance department monitors the documentation. It is a great system and helps with training. services consulting SOPs BusinessSystems procedures HowTo assistantedge