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From the Archives: The Ultimate Cost of Penny-Pinching

Success

I know a rich man who has become such a slave to the habit of economizing, formed when he was trying to get a start in the world, that he has not been able to break away from it. False economy has cost this man very dear. Trying to cut the payroll down to the lowest possible dollar has ruined many a concern.

Clothes 246
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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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Common mistakes made on Forms 1094-C and 1095-C — ACA reporting

BMT Office Administration

The IRS released Forms 1095-C and 1094-C for 2022 healthcare information reporting last week. These forms are required reporting under the Affordable Care Act for employers required to offer health insurance coverage. The instructions are still in draft form , however not much has changed from the 2021 reporting.

Forms 52
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Real estate costs can be reduced by downsizing the amount of space needed and allowing for flexible desk booking policies. Does this bring with it an opportunity to save costs? After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. We mostly accept that.

Policies 299
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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. With an in-house team.

Payroll 52
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What Is Cryptocurrency’s Role In The Future Of Work?

Allwork

Both employers and employees should not be naive about cryptocurrency, as it is volatile and unregulated, opening up its owners to scams and audits from the IRS if they are not careful. . Because of inflation and contentious global affairs, payment in the form of cryptocurrency has been growing in popularity among workers. .

Salary 299
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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. If the manager knows they didn’t show up to work until 30 minutes after their punch, they’ll know that something is up. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing.

Payroll 52