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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.

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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

In fact, this is why human resources professionals still refer to clock-in times as ‘punches.’ 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. Controlling costs.

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

BMT Office Administration

These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must. Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later.

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

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. 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 1099?

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The best timeclock options for small businesses

BMT Office Administration

In order to pay your employees correctly, keep track of labor costs, and manage employee attendance, business owners need to invest in a reliable time clock system for their workplace. Something to consider when budgeting for a timeclock is whether there will be any additional recurring costs associated with your timeclock of choice.

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Registering your business – Start Up Guides – Part 5 | THE SMALL.

The Small Business Blog

Community for small business outsourcing and cost control. Planned Maintenance – Upgrade to WinWeb.com The Cost of Borrowing Small Office Tips Finding The Best Employees For Your Small Business Do You Need Encouraging To ‘Go Green’? Ask me your small business questions, I will answer them ASAP. Build your own network!

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