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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

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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. 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. Send independent contractors Form W-9 to capture their SSNs and addresses.

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

BMT Office Administration

That’s not even mentioning all the paperwork involved in the onboarding process, such as employee handbooks , contact information, and direct deposit/banking information — just to name a few. Besides the EEOC, the IRS also has requirements for employee documents, including which forms you need to have for each employee, such as W-4s.

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Everything you need to know about geofencing time clocks

BMT Office Administration

That’s because they’ll have to enable location tracking on their phone to download the app, so you’ll always know where your employees are during work hours. At the same time, geofencing technology renders most forms of time theft useless, which is a huge advantage.

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Blockchain In Recruiting: Will That Impact A Recruiter's Job?

Recruit CRM

Decoding Blockchain Technology For Dummies Blockchain is an immutable and shared ledger (encrypted & anonymous) that records transactions and tracks various forms of tangible (houses, real estate, cars) or intangible assets (copyrights, intellectual property, patents, brandings) in a business network.

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How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. This traditional form of time tracking has long been used as a way to manage employee productivity & performance, but the advent of remote work has thrown a wrench into the works. Special instructions. Messages from colleagues.

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Registering your business – Start Up Guides – Part 5 | THE SMALL.

The Small Business Blog

Business Telephone Systems & Phone Lines For Your Business techdepot.co.uk HM Revenue & Customs ‘HMRC’ If you are self employed as a sole trader or partnership you will need to inform HMRC of this fact, this is done by completing form CWF1. To register you need to complete form VAT1.

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