Remove Document Remove Forms Remove Management Remove Payroll
article thumbnail

IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. Earlier this year, it kicked off a new scanning process for Form 940. The IRS’ paperless initiative takes this one step beyond scanning payroll returns.

Forms 52
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS update: digital communication and payroll

BMT Office Administration

The IRS must lean heavily into digital communication, Mamo said, including: Document upload tool. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Payroll is compliance-oriented; there’s very little wiggle room to be creative.

Payroll 52
article thumbnail

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
article thumbnail

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

BMT Office Administration

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Recruiting and screening documents.

Filing 121
article thumbnail

W-4s: Clearing up employee confusion on the revised form

BMT Office Administration

Someone asked recently if we have a one-page document explaining the revised W-4 that HR can provide to new employees who may not have filed a W-4 in years. It’s important not to give employees tax advice; you must let them fill out the form themselves. Parts 1 and 5 aren’t any different from the old, half-page form.

Forms 98
article thumbnail

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. SOPs are an excellent tool for small business owners looking to take their business process management to the next level. What is an SOP? How to format an SOP.

Payroll 72