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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.

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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.

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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.

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

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Such action raises concern about cover-ups. Businesses and nonprofits of all sizes should possess a written-out document retention policy.

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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Real estate costs can be reduced by downsizing the amount of space needed and allowing for flexible desk booking policies. After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Working policies. Part of the answer lies in your working policies. .

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The Stimulus Programs Gig Workers and Freelancers Qualify For

Small Business Labs

   You can borrow up to $2 million via this program, although obviously few independent workers could qualify for this amount.    The loan can be used to pay for most business expensesUp to 100 percent of the loan is forgivable.   The act provides $10 billion for grants under this program. 

Payroll 152
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5 SOP examples for your business

BMT Office Administration

More complex processes can even be broken up into multiple SOPs to detail different tasks within a larger process. The goal is to make your documentation thorough enough that any employee that follows it will end up completing the task in the same manner with a consistent end result. Expense policy. How to format an SOP.

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