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Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

The sticky questions Legal opinions differ regarding the constructive/actual receipt issues. We’re not going to say who’s right and who’s wrong because although we have an opinion, we can’t dispense legal advice. Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay.

Payroll 52
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

It’s up to each department manager to review the timesheets their employees submit to ensure accuracy. For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Recordkeeping for legal requirements. Controlling costs.

Payroll 52
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3 Smart Money Moves to Make Before Starting a Business

Success

Financial considerations for setting up your business—such as cash flow management and forecasting—should always be your baseline before going any further. Consider cash flow management and forecasting. Tools such as Mint and YNAB (You Need a Budget) can be great resources for budgeting and tracking this key financial information.

Finance 345
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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or start-up operations. With human resources outsourcing, small businesses can get help from an external party in managing their HR activities.

Payroll 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Using an electronic records management system allows remote employees to access any documents or files that they need from home. Access from remote work locations. EDMS and ECM.

Filing 98
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The best timeclock options for small businesses

BMT Office Administration

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. From high-tech biometric readers to simple punch clocks, there are many options to fit your budget and preferences. Let’s take a look.

Payroll 52
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3 Questions to Ask When Outsourcing Your IT Support

Small Business CEO

And unless you’re running an IT business, you should probably be outsourcing IT support along with other specialized functions like HR, payroll, and legal. Given the size of your company, you probably outsource the support functions that fall outside your area of expertise, which is running your small business.

Payroll 55