article thumbnail

5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. Work with IT to ensure the computer you use to file your returns is safe by implementing application whitelisting, which allows only specific programs to run, and keeping the payroll software up to date with the latest patches and antivirus software.

Payroll 52
article thumbnail

Introducing FedNow: The Fed’s new direct deposit service

BMT Office Administration

You send the payroll file to your bank a few days before payday and your bank sends files through the ACH network to employees’ banks. Same-day settlement vs. FedNow You would not want to use same-day settlement for your regular payroll , because some additional cost is involved. You can download a one-page explanation here.

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

12 Last-Minute Gift Ideas For Digital Nomads

Allwork

And for self-employed freelancers or business owners, you can generate invoices, manage your payroll and track time on projects. . Plus, you can download books and read them offline when you don’t have the internet, which is perfect for remote getaways and travels. Email marketing and newsletter subscription .

Gifts 290
article thumbnail

CFPB warns against money apps for paying employees

BMT Office Administration

Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. Problem: Compared with the ease of downloading an app, taking the extra steps the app requires for FDIC protection may not be intuitive to most people.

Payroll 52
article thumbnail

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. Tax laws change. I want to make sure everything is paid quarterly, and I want all my W-2s to go out on time,” she says.

Elance 284
article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality. It also offers an employee self-service option, so that employees can view and download their own documents. More expensive than basic file storage options. Human Capital Management (HCM) Software.

Filing 98
article thumbnail

Everything you need to know about geofencing time clocks

BMT Office Administration

All your employees must download the corresponding geofence time tracking mobile app on their smartphones. That’s because they’ll have to enable location tracking on their phone to download the app, so you’ll always know where your employees are during work hours.

Payroll 59