BMT Office Administration
MAY 9, 2024
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
Small Business Labs
JANUARY 5, 2021
With the advent of new work platforms that enable real-time teaming between independents, we’re predicting a rise in the virtual, just-in-time organization – where talented individuals come together to deliver work and then disband until the next project arrangement. In fact, large corporations have gotten much larger since the 1990s.
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BMT Office Administration
NOVEMBER 16, 2022
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?
BMT Office Administration
JULY 29, 2022
Recently, we discussed Payroll ethics and whether you’d break any ethical rules if you revealed someone’s tax information. The IRS’ Closer Look project recently covered tax whistleblowing, so it’s right we take another look at it. You must complete Form 211. And corporate audits often lead to payroll audits. As of Sept.
BMT Office Administration
APRIL 22, 2024
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. This could take the form of excessive tardiness, absences, or not having enough time during the day to complete their tasks.
Allwork
JUNE 6, 2022
After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. But if a project requires them to collaborate more extensively, it should be possible for them to come into the office every day of that week. Does this bring with it an opportunity to save costs?
Success
MARCH 9, 2023
Payal Kadakia, founder of revolutionary fitness platform ClassPass , originally began her career at management consulting firm Bain & Company before she founded her own Indian dance company, Sa Dance Company , as a passion project on the side. That feeling of how are you going to make payroll? How can you change the game?”
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