article thumbnail

Best Virtual Assistant Services - Elevating Your Business with a Remote EA

ProAssisting Blog

A remote executive assistant adept in bookkeeping handles invoicing, expense tracking, payroll, and other financial tasks, maintaining the business's financial health. Financial Expertise for Optimal Bookkeeping Accurate financial management is critical.

Payroll 650
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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Smart Money Moves to Make Before Starting a Business

Success

If you decide to seek outside capital, look at your options and review the pros and cons. Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. Your emergency fund should contain at least three to six months of non-discretionary expenses.

Finance 346
article thumbnail

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

BMT Office Administration

Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. The post It’s time to review (or create) your document retention policy appeared first on Business Management Daily.

Policies 105
article thumbnail

5 SOP examples for your business

BMT Office Administration

Coordinate with department manager to schedule department-specific onboarding meetings and review additional training needs. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Expense policy. Example 5 – Payroll processing.

Payroll 72
article thumbnail

Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 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.

Payroll 52