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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.

Payroll 52
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From the Archives: The Ultimate Cost of Penny-Pinching

Success

I know a rich man who has become such a slave to the habit of economizing, formed when he was trying to get a start in the world, that he has not been able to break away from it. Several people have been run over by streetcars or teams in New York while trying to rescue a dropped package, a hat, an umbrella or a cane.

Clothes 246
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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. But the same can be said for the various teams in your company. Workspace needs are not universal, and that’s why it’s important to organize your policies among your teams. We mostly accept that.

Policies 297
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5 SOP examples for your business

BMT Office Administration

Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Provide each new hire with all necessary onboarding documents including i9 forms, tax forms, and the employee handbook acknowledgment form. Direct Deposit Form.

Payroll 72
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Keeping safety records will make it easy to know if your team needs to update their training, helping you stay in compliance with any OSHA requirements. Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks.

Filing 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

The importance of a records retention policy team. Assembling a team that approaches the process from different angles and spheres of expertise can prove valuable. Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you.

Policies 105
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Software systems also tend to be more secure for sharing sensitive information including employee forms with SSNs and other private data. However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. More expensive than basic file storage options. eFileCabinet.

Filing 98