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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. Plan for a lower mandatory e-filing threshold. We don’t yet know whether the IRS will issue final regulations dropping the mandatory e-filing threshold down to 100 or more information returns from 250 or more returns.

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

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52
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6 Creative Ways to Solve a Problem

Success

Although it sounds complicated, a graphic example shows how easy it is: Sales are Down Store Inventory is Low Supplier is Unreliable Some Items Discontinued Outside Sales Team Below Goals High Team Turnover Low Team Morale. Often, a team leader facilitates the brainstorming session by writing the team’s ideas on a white board.

Suppliers 362
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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. With an in-house team.

Payroll 52
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The Four Horsemen of the Mandated Return to Office

Allwork

It also includes many rank-and-file staff, with publications featuring the stories of employees who quit rather than returning to the office for 3-5 days per week. One involved working on improving culture and belonging, such as retreats with fun team-building exercises. Boosting culture .

2022 341
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

When you integrate sharing – and creating – procedures into your onboarding process, it helps ensure a smooth transition for your new team members. Consider recording your training sessions, whether they’re in person or via platforms like Teams or Zoom. Formally introduce the new team member to the current team members.

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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. Keep copies of your filed tax returns permanently. Developing recordkeeping requirements and retention schedules is far from a one-person endeavor.

Policies 105