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5 SOP examples for your business

BMT Office Administration

To help you visualize what an SOP should look like and include, we’ve created five simple SOP examples. Take a look at the following examples to see what a basic SOP should look like. SOP Example 1 – Employee onboarding. Example 2 – Posting a job opening. Example 4 – Ordering office supplies.

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Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

the American Payroll Association’s director of government relations. Speaking at the American Payroll Association’s 40th Annual Congress this week in Las Vegas, Jacobson, Robert Wagner, Esq., and Mike Linehan caught attendees up on today’s hot payroll -related regulatory issues. This keeps Payroll in the loop.

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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

“The basic reason for the term and trend is because employers decide to ride out the uncertainty with higher payrolls in order to avoid the long-term costs of hiring and training new people when the economy rebounds,” Fountain told Allwork.Space. .

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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. Employers can deduct contributions as a business expense. A Solo 401(k) owner must file an annual report with the IRS if the account’s assets are over $250,000, which can be tedious.

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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

Allwork

As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . For example, the recently passed California law will also require companies to disclose pay ranges to employees when asked. .

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. Examples of nonemployees are contract workers, freelancers, or sole proprietors that you have done business with. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. What is a 1099? When to send a 1099 vs. a W-2.

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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. These incentives are fully taxable and are subject to W-2 reporting.

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