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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

Courts and government agencies frown upon individual employees selectively keeping or tossing important documents. When constructing your policy, examine legal and regulatory guidelines. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Courts and government agencies frown upon selective deletion by individual employees because such action raises concern about cover-ups. Payroll information. Figuring out what to keep and for how long. OSHA forms.