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Rounding employee’s time may present legal risks

BMT Office Administration

Regardless of the choice you make, no employer should ever run payroll without someone (such as a supervisor) putting eyes on all employees’ time records to ensure accuracy. The post Rounding employee’s time may present legal risks appeared first on Business Management Daily.

Legal 52
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Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

The sticky questions Legal opinions differ regarding the constructive/actual receipt issues. We’re not going to say who’s right and who’s wrong because although we have an opinion, we can’t dispense legal advice. Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay.

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

BMT Office Administration

Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. That is fine as long as the process is organized, systematic, and — above all — legal. You must keep a completed Form I-9 on file for each employee on your payroll. Criminal history. Child support/garnishments.

Filing 121
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Small Business Payroll Taxes

Small Business CEO

There are several differences between running a small business versus a large corporation, but at the end of the day, payroll taxes are something that all business owners must pay close attention to in order to avoid problems with the IRS. To avoid this and keep your business afloat, you must manage your payroll taxes properly.

Payroll 40
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. The education maintains or improves employees’ skills needed in their present jobs.

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Crypto’s creep into the workplace is creating concerns

BMT Office Administration

Cryptocurrencies aren’t legal tender. State payday laws, on the other hand, do require employees to be paid in legal tender; they can’t be paid with script, tokens, or similar media. Not easy to keep track of: A crypto option in a 401(k) plan presents record-keeping challenges. Let’s work through the issues, bit by Bitcoin.

Legal 52
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5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Knowing how to run virtual meetings, organize newsletters and create PowerPoint presentations puts you a cut above the rest. Managers and executives also value assistants who know how to use accounting, payroll and HR applications. Robert Half is the world’s first and largest specialized staffing firm.

Skills 40