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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

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

BMT Office Administration

While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Think of an employee’s personnel file as a history of the individual’s employment relationship with the company. Agreements related to the use of a company car or business credit card. Emergency contacts.

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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Many companies have adopted a more flexible approach to remote working. From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years. Naturally, every company is different. But the same can be said for the various teams in your company.

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5 SOP examples for your business

BMT Office Administration

This Standard Operating Procedure details all of the steps that must be taken to onboard all new hires to the company. New hire refers to any new employees beginning employment at the company. This includes rehires who were previously employed at the company but terminated their employment for a period of time.

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How long do employers keep employee records?

BMT Office Administration

A question most new HR professionals ask is, “How long do I have to hold onto these employee records once they’re no longer with the company?” Payroll files. Your payroll files should include W-4s, W-2s, timesheets, direct deposits, and wage rates. Medical files. How Long Should You Keep Employee Records?

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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. You must complete Form 211. If your claim is specific, timely, and credible, it may be referred for additional consideration to one of the IRS’s operating divisions. As of Sept.

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