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IRS update: digital communication and payroll

BMT Office Administration

Mamo reviewed some initiatives, including IRIS , the IRS’ new simplified platform for filing 1099s. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Payroll is compliance-oriented; there’s very little wiggle room to be creative.

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Steps to take ahead of possible DOL change in exempt salary qualifications

BMT Office Administration

The Department of Labor may soon release proposed regulations raising the salary employees must earn to remain exempt from the Fair Labor Standards Act. The current weekly salary is $684 a week or $35,568 a year. Why: Final regulations issued in 2016 almost doubled the salary threshold and were thrown out by a federal court.

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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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New overtime regulations are open for comment

BMT Office Administration

Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. You need to use this time wisely to determine the impact final regulations may have on your payroll by auditing your employees and your pay policies. You have until Nov. 7 to comment.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

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5 SOP examples for your business

BMT Office Administration

Coordinate with department manager to schedule department-specific onboarding meetings and review additional training needs. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Example 5 – Payroll processing. Responsible parties.

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Book Review: Raw Deal - How the Uber Economy is Screwing American Workers

Small Business Labs

Key quote on shared security accounts from a Fast Company article on this topic : One can think of the Shared Security Account as analogous to Social Security, but encompassing all of the employment benefits traditionally provided by a full-time salaried job.

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