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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. These regs will scoop up smaller employers into the e-filing net. You must tax per diems exceeding the GSA’s rates, unless employees provide a full accounting of their expenses. Final e-filing regs.

Payroll 52
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

To clear things up, we’ve put together this extensive guide breaking down what you should and shouldn’t include in your employee files — so read on to learn more. Are your employees up to date with their fire safety and first-aid training? Why do you need to keep personnel files?

Filing 52
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Counting the costs: What government funding for scientific research will cover?

The Small Business Blog

And if you’re working in scientific, technological, medical or engineering research, the government can end up giving you quite a lot of money, through a scheme called research and development tax credits. If you hire agency workers, you can claim back up to 65% of the agency fees.

Agencies 120
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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.

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

BMT Office Administration

Such action raises concern about cover-ups. When you can show a thoughtful, standardized records management procedure to a relevant third party such as a lawyer or auditor, it backs up your decisions. They can address concerns related to storage, automation, security, back-ups, and destruction of documents. Per the U.S.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

He put Laura in charge of going through a bunch of drawers with instructions to make folders to organize papers of current worth, box up other documents that somebody might need down the line, and toss insignificant and old material. Paper records can take up a good deal of physical room. Access from outside the building.

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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

But, he said, the city could use the payroll savings. Even the medical field , infamous for paperwork, is transitioning to electronic files. Many in-office employees are even willing to take a small reduction in pay due to the fact that they are saving money on transportation, work attire and other related expenses.