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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

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Recruiting and screening documents. Cover letter.

Filing 121
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5 SOP examples for your business

BMT Office Administration

Implementing and documenting standard operating procedures (SOPs) is a great way to make sure that all staff members are completing their tasks in the correct manner. A standard operating procedure (SOP) is a detailed document with step-by-step instructions on how to properly complete a task. What is an SOP? How to format an SOP.

Payroll 72
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Besides complying with federal and state laws, keeping employee records helps you stay organized, aids decision-making, and protects your company if a terminated employee files a lawsuit. While it’s clear that you need to keep a separate file for each employee, which documents should you include in it?

Filing 52
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IRS Whistleblower Office is hard at work, extra caution advised

BMT Office Administration

In your own company? Recently, we discussed Payroll ethics and whether you’d break any ethical rules if you revealed someone’s tax information. Further, the facts, evidence, and other documents you provide must motivate the IRS to initiate an audit it otherwise wouldn’t have undertaken. Whistleblowing is all the rage.

Payroll 59
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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. HR outsourcing takes complex or time-consuming tasks off of small business owners’ plates so that they can focus on leading and growing their companies.

Payroll 52