BMT Office Administration
MARCH 17, 2023
A close call The FDIC announced Monday that it would protect all deposits, which means employers should have no problem making their payrolls. Explore whether it’s possible to switch your payroll accounts to another bank. So employees are probably going to have questions about the security of your payroll processes.
BMT Office Administration
OCTOBER 6, 2022
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. And employees are going to want to access their W-2s on their phones.
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Success
JUNE 19, 2022
From the moment she opened Ditto Boutique, a luxury consignment store in Dallas, Jane DeNike outsourced the complex tasks of payroll and paying taxes to a bookkeeper and accountant. What about the confidentiality of your business information? If it’s answering the phone, you should have a script. Tax laws change.
BMT Office Administration
JULY 3, 2023
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. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.
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. This includes income tax returns, Forms 941 and 940, and information returns.
BMT Office Administration
JUNE 22, 2023
Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay electronically to their banks. All major banks have apps you can download on your phone. In addition, app users may just assume their accounts are FDIC-protected.
BMT Office Administration
AUGUST 17, 2022
There is a wealth of useful and actionable information that can come from time tracking. Quickbooks Time allows employees to clock in from their phone or computers and records their geolocation. If you use QuickBooks for payroll processing , the integration is convenient. After four pomodoros, take a longer 15-30 minute break.
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