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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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Book Review: The Million-Dollar One-Person Business

Small Business Labs

We really like the tagline for the book The Million-Dollar One-Person Business.   But this book is not just about being self-employed. There is less risk because there’s no regular payroll to meet and less stress because there aren’t employees to manage. There’s also more freedom and flexibility without employees.

Payroll 178
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Book Review: Raw Deal - How the Uber Economy is Screwing American Workers

Small Business Labs

Despite the book's hyperbole, vitriol and one-sided point of view, I genuinely enjoyed it.   The book closes with policy suggestions for making independent work less precarious. .  For example, Hill spends 10 pages oddly attacking the left leaning Freelancers Union and it's founder Sara Horowitz.

Temping 100
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

It’s up to each department manager to review the timesheets their employees submit to ensure accuracy. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise.

Payroll 52
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The What, Who and How of Outsourcing… So You Can Let Go

Success

From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. VirtualAssistantAssistant.com has reviews and ratings of many virtual assistant companies. Tax laws change. com , are—as the name suggests—global.

Elance 275
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3 Smart Money Moves to Make Before Starting a Business

Success

You likely knock out all the logistical tasks first, such as reserving a rental car and booking your hotel. If you decide to seek outside capital, look at your options and review the pros and cons. Adopting this simple mentality will help: The more planning you do upfront, the better off your new business venture will be.

Finance 345
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule. Performance Reviews: Overview of the performance review process, including frequency and criteria. Leave Policies: Information on types of leave available (e.g.,