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Bank failures and payroll — what employers should know

BMT Office Administration

While this may have only impacted 2 banks, it certainly sent waves of concerns through companies and the financial community. A close call The FDIC announced Monday that it would protect all deposits, which means employers should have no problem making their payrolls. In the corporate world, $250,000 can be considered peanuts.

Payroll 52
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10 Simple Tips to Improve Your Time Management Skills

Success

If you work at a company) Why am I on the payroll? An unexpected phone call or a drop-in visitor may be urgent, but the consequences of dealing with either may not be important in the long run. Do you receive phone calls that divide your focus? What can I, and only I, do that I’ve done well before to make a difference? (If

Skills 297
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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

He points to around a year ago when there were massive layoffs happening , “just completely wiping companies out,” he says. Many companies approached Assistantly for help. Specifically as a small and ambitious company, I wanted to alleviate as much repetitive work as possible for my team.

2023 264
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The What, Who and How of Outsourcing… So You Can Let Go

Success

From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. She relied on these four experts to keep her company looped in on the tiny tweaks and massive overhauls in today’s quickly evolving technology.

Elance 290
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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. What pay is taxable?

Payroll 52
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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

Payroll 52
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CFPB warns against money apps for paying employees

BMT Office Administration

Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. All major banks have apps you can download on your phone. Some states have enacted consumer protection laws.

Payroll 52