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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Are there special reporting requirements? Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. Is the worker treated as a supplemental resource to the business’ internal staff or are they working alongside them during similar hours and on similar projects? Part-time staff, interns, and temporary employees can all be classified as W-2 workers. What is a 1099?

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

BMT Office Administration

Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. In particular, ADA mandates that all medical files must be kept confidential, and FLSA states that you must retain all payroll records for at least three years. health insurance, dental, vision, etc.).

Filing 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Tools of the Trade Familiarize them with the essential programs and platforms used by the company (project management, file management, internal communications, virtual meeting platforms, etc.), Health and Safety: Policies related to workplace safety, emergency procedures, and health guidelines.

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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. These incentives are fully taxable and are subject to W-2 reporting.

Payroll 52
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What does it take to be a successful HR Assistant?

Page Personnel

In addition, the HR assistant will provide assistance to senior members of the team in a range of areas, including recruitment, training, performance management, employee orientation, payroll administration, employee welfare and health and safety. The HR job often involves working out how to manage people. What does an HR Assistant do?

Payroll 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

As a starting point, consider what these organizations say about some major types of records to keep and for what length of time: Per the Internal Revenue Service : The length of time you should keep a document depends on the action, expense, or event which the document records. Requirements may prove surprising.

Policies 105