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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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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

It’s up to each department manager to review the timesheets their employees submit to ensure accuracy. Timesheet approval provides a way for managers to double-check their employee’s time punches to ensure there are no mistakes or missed punches. Recordkeeping for legal requirements. Controlling costs.

Payroll 52
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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. How does HR Outsourcing work for small businesses?

Payroll 52
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3 Smart Money Moves to Make Before Starting a Business

Success

Financial considerations for setting up your business—such as cash flow management and forecasting—should always be your baseline before going any further. Here’s how to create a financial plan for your fledgling business: 1. Consider cash flow management and forecasting. So, where to start? Do your prep work.

Finance 345
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Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM). An ERM system enables people to find the right information when they need it.

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

Allwork

Taking into consideration the independence that would follow a noncompete clause ban, hiring managers will need to do much more to keep their talent from being poached. . The fight to keep and attract top candidates would also lead to higher salaries, and thus increased payroll costs. .

Policies 329
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. How to fill out a 1099 vs a W-2.

Payroll 52