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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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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. However, manual timekeeping is a time-consuming and frustrating process, especially if tackled without the aid of software. Does your time approval process cause you more headaches than benefits?

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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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition.

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. Missed punches happen all the time, and they cause all sorts of problems with timekeeping and payroll processing. That’s not to mention all the time it takes to enter payroll data from timesheets manually.

Payroll 59
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. Training records. Health insurance forms. Payroll records for money or pay-related information such as: Timesheets. Pay authorization forms. Payroll deduction forms. Keep I-9 forms in a separate file.

Filing 121
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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