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3 Smart Money Moves to Make Before Starting a Business

Success

Knowing what resources you have on hand before you get in too deep can provide peace of mind that you’ll either have the funds you need to support your startup phase or that you need to save more before you order those new business cards and call yourself CEO. It requires time, energy and resources. All investing involves risk.

Finance 345
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

In fact, this is why human resources professionals still refer to clock-in times as ‘punches.’ If so, read on to learn how you can streamline your time approval to save time and money. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Recordkeeping for legal requirements.

Payroll 52
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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. Explore the benefits of HR outsourcing below to find out if outsourcing human resources is right for your small business. What HR functions can you outsource?

Payroll 52
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

As any human resources professional will attest, managing every employee’s employment life cycle involves a good deal of paperwork. Learn about these requirements at the Department of Health and Human Services’ HIPAA website. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms.

Filing 121
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

To clear things up, we’ve put together this extensive guide breaking down what you should and shouldn’t include in your employee files — so read on to learn more. Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later.

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

BMT Office Administration

If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. 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? What is a W-2?

Payroll 52
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Webinar Employee Expense Reimbursements: Compliance Workshop

Office Dynamics

The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. The result: an unhappy employee—and your company would be on the hook for the related payroll taxes and penalties. Which payments made to employees are subject to payroll tax? View this online. Join us Sept.

Expenses 100