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Payroll update: Student loans, free tax filing, and more

BMT Office Administration

And yes, some very prominent payroll questions are included. Just for reference, only 11.8% Just for reference, only 11.8% The post Payroll update: Student loans, free tax filing, and more appeared first on Business Management Daily. Here’s a link to the most recent test. There’s no answer grid, unfortunately.

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Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs

Allwork

Research from the American Payroll Association (APA) shows that over 60% of American workers would prefer having immediate access to their daily earned wages, or what some refer to as a Pay-on-Demand program. .

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IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

This is good news for Payroll, which can postpone tracking employees’ salaries and reworking the payroll software ; Benefits, which is probably in the process of making conforming amendments to the 401(k) plan; and employees, who can continue to make catch-up contributions on a pretax basis.

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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.’ Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise.

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IRS Whistleblower Office is hard at work, extra caution advised

BMT Office Administration

Recently, we discussed Payroll ethics and whether you’d break any ethical rules if you revealed someone’s tax information. If your claim is specific, timely, and credible, it may be referred for additional consideration to one of the IRS’s operating divisions. And corporate audits often lead to payroll audits. As of Sept.

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5 SOP examples for your business

BMT Office Administration

New hire refers to any new employees beginning employment at the company. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Example 5 – Payroll processing. Payroll refers to the payment process for all W2 employees.

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