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

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy. Such action raises concern about cover-ups.

Policies 105
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

This shift has many benefits, but it also leaves facility managers, CFOs, and business owners wondering what will happen with their office real estate. Real estate costs can be reduced by downsizing the amount of space needed and allowing for flexible desk booking policies. Working policies. So how do you set up these policies?

Policies 291
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

By barring companies from implementing such policies, workers would be able to seek greener pastures as they please. . Research from the Economic Policy Institute shows 49.4% The fight to keep and attract top candidates would also lead to higher salaries, and thus increased payroll costs. . Up the Ante .

Policies 329
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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. With human resources outsourcing, small businesses can get help from an external party in managing their HR activities.

Payroll 52
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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. Health insurance forms. Payroll records for money or pay-related information such as: Timesheets. Pay authorization forms. Payroll deduction forms. Emergency contacts.

Filing 121