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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 you can show a thoughtful, standardized records management procedure to a relevant third party such as a lawyer or auditor, it backs up your decisions. Such action raises concern about cover-ups. Other considerations.

Policies 105
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

According to the agency, such clauses exacerbate inequalities in the workforce by limiting and exploiting opportunities for professionals. . 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. . Look to Existing Laws.

Policies 330
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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. The IRS’ paperless initiative takes this one step beyond scanning payroll returns. The post IRS poised to allow e-filing of Form 941-X appeared first on Business Management Daily.

Forms 52
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Stay organized and secure with electronic records management

BMT Office Administration

Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM). Such a management system utilizes information technology to organize and store records in electronic form. A properly maintained electronic records management system serves as an efficient one-stop-shop.

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The DOL makes 401(K) cybersecurity recommendations

BMT Office Administration

It has a framework for assessing the effectiveness of federal agencies’ cybersecurity efforts. Metric domain: Risk management. Metric domains: Configuration management, identity and access management, data protection and privacy and security training. Level 4—Managed and Measurable—is the minimal acceptable standard.

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

www.officearrow.com

Each SOP must be reviewed once a year and revised if neccasary. 78% off Project Management Essentials Premium Tool Kit. The whole idea behind creating a business system is to ensure that you have documentation of your actions with procedures that can be followed by anyone who has a mind to do so. Every job and procedure is documented.