Cost Forms Legal Payroll 
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.
Allwork
APRIL 28, 2022
Because of inflation and contentious global affairs, payment in the form of cryptocurrency has been growing in popularity among workers. . The legal status of cryptocurrency is somewhat ambiguous, and regulations on it are quite likely given its high environmental costs and its potential for facilitating fraud and illegal marketplaces. .
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BMT Office Administration
OCTOBER 31, 2023
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. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?
BMT Office Administration
APRIL 22, 2024
Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise. Recordkeeping for legal requirements. Controlling costs.
BMT Office Administration
JULY 3, 2023
Besides the EEOC, the IRS also has requirements for employee documents, including which forms you need to have for each employee, such as W-4s. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.
BMT Office Administration
NOVEMBER 16, 2022
Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?
BMT Office Administration
DECEMBER 19, 2022
Not only that, but with the end of the year just around the corner, companies need to know which documents they need to keep and which they can discard without incurring any legal penalties. Employers keep many records and documents about their employees, not only for legal requirements but also because it’s just a good business practice.
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