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IRS update: digital communication and payroll

BMT Office Administration

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. Payroll is compliance-oriented; there’s very little wiggle room to be creative.

Payroll 52
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Training records. Health insurance forms. Payroll records for money or pay-related information such as: Timesheets. Pay authorization forms. Cover letter.

Filing 121
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

Time theft is a very real issue that affects organizations from all industries. 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. Controlling costs.

Payroll 52
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5 SOP examples for your business

BMT Office Administration

If you make heavy use of acronyms or industry jargon it can also help to define some of the key terms used in each process. It is the responsibility of each department lead to provide department-specific training and onboarding to new employees. Direct Deposit Form. Employee Handbook and Acknowledgement Form.

Payroll 72
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It’s time to review (or create) your document retention policy

BMT Office Administration

Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Factors such as industry and the state in which the organization is located can come into play. Per the U.S.

Policies 105
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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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Top 10 Small Business Trends for 2015

Small Business Labs

  Cloud Automation tools are simplifying a wide range of traditional small business applications such as accounting, payroll, inventory management, HR and benefits administration, etc.  These firms will be hurt as the energy industry cuts back due to lower prices.    6.

2015 100