Remove Forms Remove Legal Remove Payroll Remove Software
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
article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

Using electronic record-keeping software to organize and store records in an electronic format can help you better organize your documents and stay compliant with recordkeeping best practices. Here’s what you need to know about making the switch and finding the right electronic record-keeping software tool. Preventing lost data.

Filing 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

However, manual timekeeping is a time-consuming and frustrating process, especially if tackled without the aid of software. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise.

Payroll 52
article thumbnail

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. How does HR Outsourcing work for small businesses?

Payroll 52
article thumbnail

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

BMT Office Administration

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. Whether you’re using cutting-edge HR software or a physical filing cabinet, you’ll need to separate each employee’s file into two main categories — their main file and their confidential file.

Filing 52
article thumbnail

1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
article thumbnail

Employee Records: End of year review & preparing for next year

BMT Office Administration

Whether you use cloud-based software or old-school metal filing cabinets, having an employee recordkeeping system in place at your company is a must. Not only that, but with the end of the year just around the corner, companies need to know which documents they need to keep and which they can discard without incurring any legal penalties.

Medical 52