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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. Opportunity for profit or loss depending on managerial skill.

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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.

Payroll 52
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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. When you start talking to a potential outsourcing hire, make sure the person understands your business, your needs and possesses the necessary skills.

Elance 275
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Is it related to the employee’s performance, knowledge, skills, abilities, or behavior? Reference and background check results. Payroll records for money or pay-related information such as: Timesheets. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms.

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

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a 1099?

Payroll 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

This not only aids in creating a comprehensive procedural document for future use, but also provides a reference for the new hire to revisit as needed while they’re learning the ropes. Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule.

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Make Procedures Development a Habit, Not a Project

All Things Admin

How are you supposed to document everything for reference, as well? Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. One of the challenges of creating administrative procedures is that many people feel overwhelmed by the project.

2024 52