BMT Office Administration
MARCH 3, 2023
Snag: There are at least 24 different definitions of a small business in the tax code (we counted!), For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. so check with your tax pro if you’re not sure whether your business qualifies. For tax years beginning after Dec.
BMT Office Administration
NOVEMBER 21, 2022
While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Health insurance forms. Also, many employers who provide group health plans are subject to privacy obligations under the federal Health Insurance Portability and Accountability Act (HIPAA).
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Allwork
JANUARY 10, 2023
A June 2022 survey by the Society for Human Resources reports that 48% of survey respondents will “definitely” look for a full-time work from home job in their next search. Another centered on helping staff address burnout, such as by providing mental health benefits. Compensation adjustments . Boosting culture .
BMT Office Administration
JULY 3, 2023
If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. The FLSA has a few other regulations related to payroll documents besides retaining them for three years.
BMT Office Administration
SEPTEMBER 9, 2022
Hybrid work poses definite logistical problems, such as ensuring there’s a critical mass of people in the office to make coming in worthwhile. The vast universe of payroll issues comes to bear when employees are working under hybrid arrangements and they live in a different state from you: Must you withhold their home states income taxes?
BMT Office Administration
AUGUST 8, 2022
Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Become familiar with Occupational Safety and Health Administration (OSHA) recordkeeping requirements as they pertain to your organization.
BMT Office Administration
JUNE 26, 2023
Businesses have to incur lots of expenditures just to operate, including payroll , acquiring assets like vehicles & real estate, and day-to-day expenses (like a restaurant maintaining their inventory of condiments, food ingredients, and beverages). If the repayment period is less than 12 months, it’s considered a short-term liability.
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