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5 SOP examples for your business

BMT Office Administration

To help you visualize what an SOP should look like and include, we’ve created five simple SOP examples. More complex processes can even be broken up into multiple SOPs to detail different tasks within a larger process. Take a look at the following examples to see what a basic SOP should look like. What is an SOP?

Payroll 72
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Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

the American Payroll Association’s director of government relations. Almost 100% of hands went up in response. Speaking at the American Payroll Association’s 40th Annual Congress this week in Las Vegas, Jacobson, Robert Wagner, Esq., and Mike Linehan caught attendees up on today’s hot payroll -related regulatory issues.

Payroll 52
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

This can still be a great way to keep employees happy and up-to-date on skills. You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job.

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3 Smart Money Moves to Make Before Starting a Business

Success

Financial considerations for setting up your business—such as cash flow management and forecasting—should always be your baseline before going any further. Borrowing funds from a close friend or family member, for example, can put a strain on relationships. So, where to start? Consider cash flow management and forecasting.

Finance 345
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. So how do you set up these policies? The same can be said for the onboarding process of new colleagues, for example. Does this bring with it an opportunity to save costs? We mostly accept that.

Policies 299
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Moving While Working Remotely

Success

While the pandemic has opened up new opportunities for some people, employment laws and rules can be complicated and haven’t changed to accommodate the rise in remote working. Moving to a new state can often mean a lot of expenses. Don’t forget about taxes. Before moving, make sure you do your research. Keep communication open.

Payroll 246
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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

You might be familiar with 401(k) plans and automatic payroll deductions at a traditional employer. Under a SIMPLE IRA, the employer must make contributions each year, either a matching contribution of up to 3% of an employee’s compensation or a 2% contribution that is nonelective for each employee.