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

BMT Office Administration

Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What information needs to be included on form 1099 NEC? Payer’s TIN.

Payroll 52
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Crypto’s creep into the workplace is creating concerns

BMT Office Administration

Cryptocurrencies aren’t legal tender. State payday laws, on the other hand, do require employees to be paid in legal tender; they can’t be paid with script, tokens, or similar media. Not employee-friendly: Employees may not be able to make informed investment decisions. Let’s work through the issues, bit by Bitcoin.

Legal 52
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Standard Operating Procedures: Tips for Creating Business Systems | Office Organization & Office Efficiency | OfficeArrow

www.officearrow.com

Reply Like2learn Nov 3, 2010 10:45:38 AM Excellent information. Each department is responsible for their SOPs, however, our Quality Assurance department monitors the documentation. It is a great system and helps with training.