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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. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9. Per the U.S.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Some types of business records, such as tax forms and legal documents, are relatively easy to spot. OSHA forms.

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

www.officearrow.com

Checklists ensure that all steps or actions occur, not necessarily in a specific order (though that can be part of the process), but rather just that they are completed, while a template is an established pattern - form letters, resume designs - that you can use over and over to produce the same result.

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IRS provides additional information on IRIS system

BMT Office Administration

IRIS’ next phase will include forms in the 1097 and 1098 series, 5498 series, and Forms 3921 and 3922. account for another federal agency, it will work with the IRS as well. forms missing payees’ Social Security numbers), but you may be setting yourself up for a pricey penalty. helpmail@irs.gov. But if you have an ID.me

Filing 59