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

Success

Laith Masarweh, founder and CEO of Assistantly, an agency that connects businesses with virtual assistants around the world, says that in the third quarter of 2022, bosses hiring VAs for their employees increased significantly, by 10% to 15% of Assistantly’s business. Here’s what leaders should know about this potential solution.

2023 253
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What’s the deal with on-demand pay?

BMT Office Administration

There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll providers. Nothing wrong with vendors highlighting their products at a convention of Payroll professionals. What regulating agencies say. 5 questions to ask vendors.

Payroll 97
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3 more states address on-demand pay

BMT Office Administration

Because they’re not making loans, vendors can’t use employees’ credit reports or credit scores to determine eligibility to participate, charge late fees or interest on outstanding amounts, or report defaults to credit agencies. The guidance doesn’t specify whether on-demand pay is a loan. Still feeling a little queasy?

Payroll 52
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IRS poised to allow e-filing of Form 941-X

BMT Office Administration

The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. The IRS’ paperless initiative takes this one step beyond scanning payroll returns. TIGTA reports the IRS isn’t including the required tracking document, Form 3210, with these packages.

Forms 52
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The Four Horsemen of the Mandated Return to Office

Allwork

Additionally, a September 2022 survey from the School of Politics and Economics at King’s College reported that 25% of respondents would quit if forced to return to the office full time. . Or consider a National Bureau of Economic Research paper about a study at Trip.com, one of the largest travel agencies in the world.

2022 342
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It’s time to review (or create) your document retention policy

BMT Office Administration

Courts and government agencies frown upon individual employees selectively keeping or tossing important documents. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Such action raises concern about cover-ups. Other considerations.

Policies 105