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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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How to handle remote employee time tracking

BMT Office Administration

While that’s great news for employees who enjoy the increased flexibility of working from home, it poses a significant challenge for managers. There are many ways to go about this, including time-tracking apps, project management software, timesheets, screenshots, spreadsheets, and asking team members to track their own progress.

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

While this may seem complicated at first glance, it becomes easier to grasp when you understand a few key concepts about financial management. A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts.

Finance 105