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Payroll update: Student loans, free tax filing, and more

BMT Office Administration

One tidbit we’ve picked up? The pause in student loan collections is unrelated to the Department of Education’s plan to forgive up to $20,000 in student loan debt. If the employee takes a full week of FMLA leave during a holiday week, the entire week counts against their leave entitlement. Our Friday wrap is always a slam-dunk.

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

BMT Office Administration

Some stores have already brought out the holiday decorations and Christmas music. However, Payroll teams are busy preparing for a different season — year-end reporting. Beef up computer security. The post 5 things you should do now to prepare for year-end payroll reporting appeared first on Business Management Daily.

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Top Gifts You Can Give Your Remote Team for the Holidays

Bonnie Low Kramen

The bottom line: 2020 has been a year like no other and the holidays will look very different too. So, with the holiday season just right around the corner, employers and managers can make full use of this occasion to show employees that they are more than just names and numbers on a payroll sheet. Remote work is lonely.

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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

Business leaders have a new solution to alleviating employee burnout and helping them create more balance —hiring virtual assistants (VAs) to free up employees’ time and creative energy. She says her employees’ VAs were essential over holiday break to “hit the ground running in 2023.” Their answers can be revealing.

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12 Last-Minute Gift Ideas For Digital Nomads

Allwork

Whether you’re looking for a holiday gift, a birthday gift, or just something special to show your love and appreciation, we’ve got you covered. Digital nomads travel the world, often packing lightly so that they can easily move on to a new city or country and set up a new base there. 12 of the Best Gift Ideas for Digital Nomads .

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5 SOP examples for your business

BMT Office Administration

More complex processes can even be broken up into multiple SOPs to detail different tasks within a larger process. The goal is to make your documentation thorough enough that any employee that follows it will end up completing the task in the same manner with a consistent end result. Example 5 – Payroll processing.

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Gift cards, taxability, and W-2s.

BMT Office Administration

And we are deeply sorry about this, but yes, you will need to play the Grinch and deliver the bad news to employees about taxes and require HR to keep track of who won what at the holiday party. Myth #1: Gift cards awarded randomly at a holiday party are exempt from taxes Nice try, but no. The amounts don’t add up due to rounding.

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