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Introducing FedNow: The Fed’s new direct deposit service

BMT Office Administration

You send the payroll file to your bank a few days before payday and your bank sends files through the ACH network to employees’ banks. NACHA, the electronic banking organization in charge of ACH transactions, also allows same-day settlement, which is especially handy when paying a terminating employee’s final wages.

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

Success

Typical tasks a VA can help with include: Communication, such as phone and email management Organizing Data entry Invoicing and payroll management Social media administration Research What might the return on investment be? Their answers can be revealing. Gordon says the payoff has been well worth the investment.

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The What, Who and How of Outsourcing… So You Can Let Go

Success

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. If it’s answering the phone, you should have a script. Tax laws change. com , are—as the name suggests—global. You need to map out the process,” he says.

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

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. However, besides simply staying organized and complying with federal laws, personnel files provide a whole host of other benefits, so let’s take a look at them.

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Time management tools to help you get ahead at work

BMT Office Administration

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. This is a great way to not only track time for payroll and attendance purposes, but also to get a better idea of how your staff is spending time.

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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. The IRS e-help desk phone number is 866-255-0654.

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CFPB warns against money apps for paying employees

BMT Office Administration

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. It’s also important to understand what we’re not talking about.

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