BMT Office Administration

MAY 30, 2022

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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Small Business CEO

JULY 16, 2014

Business owners may find that some of the more routine tasks they are required to undertake are also some of the more tedious, and payroll and wage administration can be one of those selfsame tasks. It also makes sense to streamline payroll from an efficiency point of view. … Finance payroll payroll management payroll system'

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Office Dynamics

AUGUST 30, 2012

The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. The result: an unhappy employee—and your company would be on the hook for the related payroll taxes and penalties. Which payments made to employees are subject to payroll tax? View this online. Join us Sept.

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BMT Office Administration

JUNE 22, 2022

These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality. Cons: Can be cost-prohibitive for smaller businesses. eFileCabinet is a document management software that is popular with HR, finance, IT, and legal teams due to its security features. eFileCabinet.

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Tips From T. Marie

MARCH 21, 2012

But, he said, the city could use the payroll savings. Converting an in-office worker to a telecommuting employee saves money by reducing overhead costs. This option will require the current employee to open their own service based business , but it is generally a very low cost start-up and you could offer to help them get started.

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Success

SEPTEMBER 27, 2024

For example, the Wave Advisors program provides bookkeeping support and one-on-one accounting and payroll coaching. Your accountant can help you with that, or you can learn about them in the IRS Tax Guide for Small Business. Each company offers free support, but this support varies by hours and by type (phone, video, chat or email).

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BMT Office Administration

OCTOBER 31, 2023

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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The Small Business Blog

JULY 14, 2006

Community for small business outsourcing and cost control. Planned Maintenance – Upgrade to WinWeb.com The Cost of Borrowing Small Office Tips Finding The Best Employees For Your Small Business Do You Need Encouraging To ‘Go Green’? Ask me your small business questions, I will answer them ASAP. Build your own network!

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BMT Office Administration

APRIL 22, 2024

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. Recordkeeping for legal requirements. Controlling costs.

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BMT Office Administration

JULY 3, 2023

These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must. Also, you’re legally obligated to retain these records for at least one year by the EEOC. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more.

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Filing Payroll Medical Legal 52

BMT Office Administration

AUGUST 17, 2022

If you’re looking for a no-cost timekeeping option, Clockify is a great alternative to traditional time clocks or paid time and attendance software. Project tracking is also great if you are in an industry such as legal or consulting where you need to track billable hours. QuickBooks Time (Formerly TSheets).

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BMT Office Administration

DECEMBER 19, 2022

Not only that, but with the end of the year just around the corner, companies need to know which documents they need to keep and which they can discard without incurring any legal penalties. Employers keep many records and documents about their employees, not only for legal requirements but also because it’s just a good business practice.

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BMT Office Administration

NOVEMBER 16, 2022

1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Booth copies must be sent out by January 31. Control number.

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BMT Office Administration

APRIL 13, 2022

In order to pay your employees correctly, keep track of labor costs, and manage employee attendance, business owners need to invest in a reliable time clock system for their workplace. Something to consider when budgeting for a timeclock is whether there will be any additional recurring costs associated with your timeclock of choice.

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Small Business CEO

JULY 19, 2011

While there are various tools which may help entrepreneurs in tasks ranging from payroll to marketing services, outsourcing is still very popular among businesses. One of the reasons is because the labor is low-cost as well as there are others who are more skilled and adept at some of the areas of the business.

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Admin Awards

APRIL 24, 2020

Managers and executives also value assistants who know how to use accounting, payroll and HR applications. Proposing cost-cutting solutions to those within the company is a good way to make yourself indispensable to the organization. Ability to display grace under pressure.

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BMT Office Administration

NOVEMBER 4, 2022

But this approach has many steps and pitfalls, so it’s advisable to get some legal and tax advice. A $9,500 gross-up will cost the company $13,503.91. You can set up an employer-sponsored private foundation through which employees and their families may receive tax-free scholarships. And now the taxes.

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Allwork

NOVEMBER 21, 2024

Alicea shared an example of how international employees might wish to work in multiple countries throughout the year, creating a web of tax and legal complexities. For instance, an employee spending summers in Hungary and winters in Spain could trigger payroll obligations and visa issues in both countries.

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Success

MARCH 7, 2025

Its easy to set up, its cost-effective, and it separates your business from your personal life. But an LLC can alternatively be filed as an S corporation, which gives you the same legal separation with the benefit of not having to pay self-employment tax.

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