Remove Company Remove Expenses Remove Legal Remove Payroll
article thumbnail

Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

It’s essential for an organization/business to have a more-than adequate payroll system. Having a good payroll service can make or break a company. These applications automate the payroll process to reduce administrative burden and ensure that workers are paid correctly and on time. This helps support our journalism.

Payroll 246
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Underwriting employees’ educational expenses tax-free

BMT Office Administration

While many companies and HR teams may be well-intentioned, there’s a difference between debt-free and tax-free. Sounds like tax-free education is expensive, doesn’t it? A debt-free education courtesy of your employer sounds nice, but it’s not so straightforward. Time for some tax ed. Tax-free education under Treas.

article thumbnail

Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Besides complying with federal and state laws, keeping employee records helps you stay organized, aids decision-making, and protects your company if a terminated employee files a lawsuit. Also, you’re legally obligated to retain these records for at least one year by the EEOC.

Filing 52
article thumbnail

1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Does the company control or have the right to control what the worker does and how the worker does his or her job? It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Employers also need to report and deposit payroll taxes to the internal revenue service (IRS) every quarter.

Payroll 52
article thumbnail

It’s time to review (or create) your document retention policy

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies.

Policies 105
article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

If you don’t have that document backed up in an electronic format, you may have just lost important company or employee data. However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. More expensive than basic file storage options. eFileCabinet.

Filing 98