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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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5 SOP examples for your business

BMT Office Administration

While every employee brings their own special talents and perspectives to their job roles, things can get disorganized when everyone is taking a different approach to completing your company’s core business processes. SOPs are an excellent tool for small business owners looking to take their business process management to the next level.

Payroll 72
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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. The IRS, however, will not process your paper return as it has been—by painstakingly transcribing the figures on your return into a computer.

Forms 52
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

You can’t just take your employees’ word for the hours they worked, which is where the timesheet approval process enters the picture. For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Why is timesheet approval necessary? Controlling costs.

Payroll 52
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IRS update: digital communication and payroll

BMT Office Administration

The IRS is just starting the process with the 941s. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Zoom in for the payroll picture The IRS calls withholding voluntary, although your employees may beg to differ. Cloud capabilities.

Payroll 52
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Everything you need to know about geofencing time clocks

BMT Office Administration

At the same time, geofencing technology renders most forms of time theft useless, which is a huge advantage. For example, construction companies often deal with multiple work sites at a time, which can become too much to keep track of manually. That’s not to mention all the time it takes to enter payroll data from timesheets manually.

Payroll 59
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. The same can be said for the onboarding process of new colleagues, for example. For example, let’s say that employees are using your meeting rooms as private offices. The answer is not so clear-cut.

Policies 291