article thumbnail

Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

It’s essential for an organization/business to have a more-than adequate payroll system. Having a good payroll service can make or break a company. These applications automate the payroll process to reduce administrative burden and ensure that workers are paid correctly and on time. This helps support our journalism.

Payroll 246
article thumbnail

Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

the American Payroll Association’s director of government relations. 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. This keeps Payroll in the loop.

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

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
article thumbnail

3 Smart Money Moves to Make Before Starting a Business

Success

Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. It’s important to consider how to manage cash flow for your personal financial situation —not just what you’ll need to operate your business and cover work expenses.

Finance 345
article thumbnail

Underwriting employees’ educational expenses tax-free

BMT Office Administration

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. Sounds like tax-free education is expensive, doesn’t it? Time for some tax ed.

article thumbnail

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

BMT Office Administration

Also, you’re legally obligated to retain these records for at least one year by the EEOC. Employee performance records While it’s essential to include performance records to monitor and analyze your employee’s productivity — there’s no legal obligation here. Here’s what you’ll need to include in your confidential employee files.

Filing 52
article thumbnail

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

BMT Office Administration

It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor. Booth copies must be sent out by January 31. Control number.

Payroll 52