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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 so, read on to learn how you can streamline your time approval to save time and money. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Controlling costs.

Payroll 52
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3 Smart Money Moves to Make Before Starting a Business

Success

Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford. If you decide to seek outside capital, look at your options and review the pros and cons. Do your prep work.

Finance 345
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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

Payroll 52
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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

The fight to keep and attract top candidates would also lead to higher salaries, and thus increased payroll costs. . Perhaps the best way to prevent a mass exodus is to review current benefits packages and reconsider their impact. . Loss of Intellectual Property and Proprietary Information . Look to Existing Laws.

Policies 331
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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 279
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a W-2? How to fill out a 1099 vs a W-2.

Payroll 52
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

To clear things up, we’ve put together this extensive guide breaking down what you should and shouldn’t include in your employee files — so read on to learn more. Essential documents like performance evaluations and performance reviews will help you gauge employee productivity , and they’re both necessary to include in your personnel files.

Filing 52