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Bank failures and payroll — what employers should know

BMT Office Administration

Before the FDIC acted on Monday, they had good reason to—bank accounts are insured for up to $250,000. 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.

Payroll 52
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The Paperless Payroll

Eco-Office Gals

Be it computers, phones, tablets, and other digital devices, seldom will you find a position that doesn’t utilize at least a computer. But one, non-technological phenomena in today’s business world is the continued use of paper timesheets and timecards to manually add-up and calculate hours.

Payroll 100
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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. Beef up computer security. And employees are going to want to access their W-2s on their phones. Require multi-factor authentication for employees who wish to receive their W-2s on their phones. With this in mind: 3.

Payroll 52
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10 Simple Tips to Improve Your Time Management Skills

Success

If you work at a company) Why am I on the payroll? An unexpected phone call or a drop-in visitor may be urgent, but the consequences of dealing with either may not be important in the long run. Do you receive phone calls that divide your focus? What can I, and only I, do that I’ve done well before to make a difference? (If

Skills 297
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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. Whether they can access their pay before payday is up to their banks. FedNow, on the other hand, purports to be practically instantaneous, allowing you to settle your payroll within seconds.

Payroll 52
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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. Remote work widely and rapidly became the norm for some workers during the pandemic. What types of tasks might virtual assistants help with?

2023 264
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The What, Who and How of Outsourcing… So You Can Let Go

Success

You make it happen, you’re up for a challenge , you do it your way. 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. Entrepreneurs are can-do people. Do-it-yourselfers. Tax laws change.

Elance 290