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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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From the Archives: The Ultimate Cost of Penny-Pinching

Success

I know a rich man who has become such a slave to the habit of economizing, formed when he was trying to get a start in the world, that he has not been able to break away from it. The Expensive Is Often the Cheapest. Trying to cut the payroll down to the lowest possible dollar has ruined many a concern.

Clothes 246
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

This, of course, has an impact on how much office space is actively required. After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Many companies have adopted a more flexible approach to remote working. Does this bring with it an opportunity to save costs?

Policies 287
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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

With minimal help, of course. Categories in the assistant include Filing Requirement, Form to Use, Due Date; Filing Status and Dependents; Retirement: Pensions, IRAs, Social Security; Other Income (e.g., It’s payroll -friendly, too! 503, Child and Dependent Care Expenses , does a good job of explaining these changes.

Payroll 52
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Using Satellite Imagery for Investment Analysis

Small Business Labs

  It's also an example of how actual data is replacing surveys and other forms of market research.    It's slower, more expensive and prone to errors (do you really think those folks kept an accurate count of cars over the course of a couple of days?).    We see this in our own work. 

Payroll 100
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Software systems also tend to be more secure for sharing sensitive information including employee forms with SSNs and other private data. However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. More expensive than basic file storage options.

Filing 98
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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. Some types of business records, such as tax forms and legal documents, are relatively easy to spot. OSHA forms. Payroll information. Others, such as emails and social media posts, are not so obvious. Job evaluations.